Drill Craig A Lowers stake in Radiant Logistics Inc (RLGT)

Radiant Logistics Inc (RLGT) : Drill Craig A reduced its stake in Radiant Logistics Inc by 17.28% during the most recent quarter end. The investment management company now holds a total of 343,200 shares of Radiant Logistics Inc which is valued at $1.2 Million after selling 71,700 shares in Radiant Logistics Inc , the firm said in a disclosure report filed with the SEC on May 11, 2016.Radiant Logistics Inc makes up approximately 3.06% of Drill Craig A’s portfolio.

Other Hedge Funds, Including , Menta Capital boosted its stake in RLGT in the latest quarter, The investment management firm added 350 additional shares and now holds a total of 42,997 shares of Radiant Logistics Inc which is valued at $153,929. Radiant Logistics Inc makes up approx 0.02% of Menta Capital’s portfolio.Blackrock Fund Advisors reduced its stake in RLGT by selling 14,942 shares or 1.79% in the most recent quarter. The Hedge Fund company now holds 818,856 shares of RLGT which is valued at $2.9 Million.Blackrock Institutional Trust Company N.a. reduced its stake in RLGT by selling 4,380 shares or 1.2% in the most recent quarter. The Hedge Fund company now holds 360,995 shares of RLGT which is valued at $1.3 Million. Northpointe Capital sold out all of its stake in RLGT during the most recent quarter. The investment firm sold 357,420 shares of RLGT which is valued $1.4 Million.

Radiant Logistics Inc closed down -0.03 points or -0.84% at $3.55 with 1,30,689 shares getting traded on Monday. Post opening the session at $3.6, the shares hit an intraday low of $3.52 and an intraday high of $3.6 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Radiant Logistics Inc reported $0.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 16, 2016. Analyst had a consensus of $0.03. The company had revenue of $173.30 million for the quarter, compared to analysts expectations of $204.10 million. The company’s revenue was up 69.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.

Radiant Logistics Inc. is a third party logistics company. The Company provides multi-modal transportation and logistics services primarily in the United States and Canada. The Company operates in two geographic operating segments: U.S. and Canada. The Company services an account base consisting of consumer goods food and beverage manufacturing and retail customers through a multibrand network consisting of approximately 31 Company owned offices and 128 locations operated by its independent agents as well as an integrated international service partner network located in other markets around the globe. The Company through its operating locations across North America offers domestic and international air and ocean freight forwarding services and freight brokerage services including truckload services less than truckload services and intermodal services.

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