Roadrunner Transportation Systems Inc (RRTS) Insider Acquires $19,840.00 in Stock
Roadrunner Transportation Systems Inc (NYSE:RRTS) insider Michael L. Gettle purchased 32,000 shares of the company’s stock in a transaction that occurred on Friday, November 9th. The shares were purchased at an average price of $0.62 per share, for a total transaction of $19,840.00. Following the completion of the transaction, the insider now directly owns 265,070 shares of the company’s stock, valued at $164,343.40. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.
Roadrunner Transportation Systems stock traded down $0.02 during mid-day trading on Thursday, hitting $0.67. The company had a trading volume of 1,237 shares, compared to its average volume of 703,847. The company has a debt-to-equity ratio of 25.38, a current ratio of 1.23 and a quick ratio of 1.23. Roadrunner Transportation Systems Inc has a 12 month low of $0.41 and a 12 month high of $8.77.
Roadrunner Transportation Systems (NYSE:RRTS) last released its earnings results on Wednesday, November 7th. The transportation company reported ($1.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($1.39). Roadrunner Transportation Systems had a negative return on equity of 201.13% and a negative net margin of 5.86%. The company had revenue of $536.58 million during the quarter.
A number of institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its holdings in Roadrunner Transportation Systems by 6.5% in the first quarter. JPMorgan Chase & Co. now owns 443,149 shares of the transportation company’s stock worth $1,126,000 after acquiring an additional 26,966 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Roadrunner Transportation Systems during the second quarter valued at $102,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Roadrunner Transportation Systems during the second quarter valued at $115,000. Jane Street Group LLC bought a new position in shares of Roadrunner Transportation Systems during the first quarter valued at $151,000. Finally, Amica Retiree Medical Trust bought a new position in shares of Roadrunner Transportation Systems during the second quarter valued at $159,000. 58.02% of the stock is currently owned by institutional investors and hedge funds.
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About Roadrunner Transportation Systems
Roadrunner Transportation Systems, Inc provides asset-right transportation and asset-light logistics services. The company operates through three segments: Truckload Logistics (TL), Less-than-Truckload (LTL), and Ascent Global Logistics. The TL segment arranges pickup and delivery of truckload, intermodal, and ground and air expedited freight through its 41 TL service centers, 40 company brokers, and approximately 90 independent brokerage agents in the United States, Mexico, and Canada.
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