Radiant Logistics Inc (NYSEAMERICAN:RLGT) dropped 5.6% during trading on Monday . The stock traded as low as $5.24 and last traded at $5.24, approximately 481,526 shares traded hands during trading. An increase of 34% from the average daily volume of 358,644 shares. The stock had previously closed at $5.55.

RLGT has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Radiant Logistics from a “buy” rating to a “hold” rating in a research note on Saturday, July 27th. Cowen set a $7.00 price target on shares of Radiant Logistics and gave the company a “buy” rating in a research note on Friday. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Radiant Logistics presently has a consensus rating of “Buy” and a consensus target price of $7.42.

Radiant Logistics (NYSEAMERICAN:RLGT) last announced its quarterly earnings results on Thursday, September 12th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.03. The firm had revenue of $204.65 million for the quarter, compared to analysts’ expectations of $220.47 million.

A number of institutional investors and hedge funds have recently bought and sold shares of RLGT. BNP Paribas Arbitrage SA lifted its holdings in Radiant Logistics by 508.7% during the first quarter. BNP Paribas Arbitrage SA now owns 8,114 shares of the company’s stock valued at $51,000 after purchasing an additional 6,781 shares in the last quarter. Metropolitan Life Insurance Co NY acquired a new stake in shares of Radiant Logistics in the first quarter valued at about $85,000. MetLife Investment Advisors LLC acquired a new stake in shares of Radiant Logistics in the first quarter valued at about $119,000. WINTON GROUP Ltd acquired a new stake in shares of Radiant Logistics in the second quarter valued at about $130,000. Finally, Jefferies Group LLC raised its position in shares of Radiant Logistics by 38.4% in the second quarter. Jefferies Group LLC now owns 21,456 shares of the company’s stock valued at $132,000 after buying an additional 5,952 shares during the last quarter. 39.47% of the stock is currently owned by institutional investors and hedge funds.

Radiant Logistics Company Profile (NYSEAMERICAN:RLGT)

Radiant Logistics, Inc operates as a third-party logistics and multi-modal transportation services company primarily in the United States and Canada. The company offers domestic and international air and ocean freight forwarding services; and freight brokerage services, including truckload, less than truckload, and intermodal services.

Featured Article: Retained Earnings

Receive News & Ratings for Radiant Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Radiant Logistics and related companies with MarketBeat.com's FREE daily email newsletter.