Laurel Grove Capital Lowers stake in Radiant Logistics Inc (RLGT)

Radiant Logistics Inc (RLGT) : Laurel Grove Capital reduced its stake in Radiant Logistics Inc by 1.75% during the most recent quarter end. The investment management company now holds a total of 420,110 shares of Radiant Logistics Inc which is valued at $1,058,677 after selling 7,500 shares in Radiant Logistics Inc , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.Radiant Logistics Inc makes up approximately 0.61% of Laurel Grove Capital’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa boosted its stake in RLGT in the latest quarter, The investment management firm added 1,073 additional shares and now holds a total of 2,564 shares of Radiant Logistics Inc which is valued at $6,872.

Radiant Logistics Inc (RLGT) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $2.52 and reached the intraday high at $2.55. The bulls started the profit booking and pushed the shares to intraday low of $2.4948. The trading session was marked by a volume range of 29,174 shares exchanging hands. The 52-week high of the shares is $4.41 and the 52-week low is $2.45. The market cap of the company stands at $123 M and there are 4,88,74,068 shares in public circulation.

On the company’s financial health, Radiant Logistics Inc reported $0.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Sep 13, 2016. Analyst had a consensus of $0.05. The company had revenue of $183.60 million for the quarter, compared to analysts expectations of $202.59 million. The company’s revenue was down -6.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.05 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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