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Radiant Logistics, Inc (RLGT) Discloses Form 4 Insider Selling …

Radiant Logistics, Inc (RLGT) Discloses Insider Transaction. Robert L. Jr. Hines , General Counsel/Secretary of Radiant Logistics, Inc sold 9,000 shares on Dec 31, 2015. The Insider selling transaction was disclosed on Jan 4, 2016 to the Securities and Exchange Commission. The shares were sold at $3.41 per share for a total value of $30,681.00. Radiant Logistics, Inc. has dropped 19.86% during the last 3-month period . Year-to-Date the stock performance stands at -18.91%. Radiant Logistics, Inc. (NYSEMKT:RLGT) has lost 3.11% during the past week and dropped 12.05% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 2.3%. Radiant Logistics, Inc. (NYSEMKT:RLGT) has underperformed the index by 10% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Radiant Logistics, Inc. (NYSEMKT:RLGT) witnessed a volatile trading activity on Thursday and eventually ended flat at 0% or 0 points without letting the bulls or bears take much advantage. The trading began at $3.4 and reached the intraday high at $3.46. The bulls started the profit booking and pushed the shares to intraday low of $3.35. The trading session was marked by a volume range of 144,957 shares exchanging hands. The 52-week high of the shares is $8 and the 52-week low is $3.32. The market cap of the company stands at $167 million and there are 48,735,066 shares in public circulation.

Currently the company Insiders own 24.6% of Radiant Logistics, Inc. shares according to the proxy statements. Institutional Investors own 36.37% of Radiant Logistics, Inc. shares. During last six month period, the net percent change held by insiders has seen a change of -37.07%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, Harrington Stephen P, director of Radiant Logistics, Inc, unloaded 122,667 shares at an average price of $6.34 on July 21, 2015. The total amount of the transaction was worth $777,709, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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