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Todd Macomber, the Chief Financial Officer of Radiant Logistics, Inc. (AMEX:RLGT), has sold a significant portion of his stock holdings in the company. According to a recent SEC filing, Macomber disposed of a total of 30,000 shares of common stock on February 18, 2025. The sale comes as RLGT shares trade near their 52-week high of $7.94, having gained over 25% in the past six months. The transactions were executed at prices ranging from $7.5101 to $7.8035 per share, resulting in total proceeds of approximately $227,494.
Following these transactions, Macomber’s direct ownership in Radiant Logistics stands at 181,704 shares. The sales were carried out in multiple tranches, with the largest block of 22,500 shares sold at a weighted average price, as noted in the filing.
In other recent news, Radiant Logistics Inc (NYSE:RLGT). reported a significant financial performance for Q2 FY2024, with a net income increase of 556.5% year-over-year, reaching $6.47 million. The company’s earnings per share (EPS) came in at $0.14, surpassing the forecast of $0.0721 by 94.5%, on revenues of $264.5 million. Radiant Logistics completed several strategic acquisitions, including Texas-based Foundation Logistics and TCV Transportation in St. Louis, Missouri, which contributed to their robust performance. The company remains focused on further strategic acquisitions and optimizing its balance sheet. Analysts from firms such as TD Cowen and Lake Street have shown interest in Radiant’s acquisition strategies and market positioning. CEO Vaughn Crane expressed confidence in the company’s future, despite anticipating challenging market conditions ahead. Radiant Logistics continues to support humanitarian projects, including the delivery of 8 million units of IV fluid to the U.S. amid shortages. The company is also expanding its intermodal service offerings through recent acquisitions, enhancing its competitive edge.
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