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Last $5.85 USD
Change Today +0.04 / 0.69%
Volume 44.3K
As of 8:04 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

radiant logistics inc (RLGT) Snapshot

Open
$5.83
Previous Close
$5.81
Day High
$5.85
Day Low
$5.63
52 Week High
04/6/15 - $6.09
52 Week Low
04/29/14 - $2.72
Market Cap
203.1M
Average Volume 10 Days
208.7K
EPS TTM
$0.11
Shares Outstanding
34.7M
EX-Date
--
P/E TM
53.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for RADIANT LOGISTICS INC (RLGT)

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radiant logistics inc (RLGT) Details

Radiant Logistics, Inc. provides non-asset based transportation and logistics services in the United States and internationally. The company offers domestic and international freight forwarding and door-to-door delivery services through a range of transportation modes, including air, ocean, and truck, as well as other value added supply chain management services, such as customs brokerage, order fulfillment, inventory management, and warehousing. The company provides its services to manufacturers, distributors, and retailers through a network of company-owned and strategic operating partner locations operating under the Radiant, Airgroup, Adcom, DBA, and On Time network brands. Radiant Logistics, Inc. was founded in 2001 and is headquartered in Bellevue, Washington.

291 Employees
Last Reported Date: 09/24/14

radiant logistics inc (RLGT) Top Compensated Officers

Co-Founder, Chairman and Chief Executive Offi...
Total Annual Compensation: $325.0K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $200.0K
Chief Operating Officer and Senior Vice Presi...
Total Annual Compensation: $200.0K
Senior Vice-President, General Counsel and Se...
Total Annual Compensation: $200.0K
Compensation as of Fiscal Year 2014.

radiant logistics inc (RLGT) Key Developments

Radiant Logistics, Inc. Declares Dividend on its 9.75% Series A Cumulative Redeemable Perpetual Preferred Stock

Radiant Logistics, Inc. announced that in accordance with the terms of its 9.75% Series A Cumulative Redeemable Perpetual Preferred Stock, the board of directors has declared a cash dividend of $0.609375 per share. The dividend is payable with respect to the period commencing on January 31, 2015 and ending on April 29, 2015. The dividend is payable on April 30, 2015 to preferred stockholders of record as of April 29, 2015.

Radiant Logistics, Inc. Enters into a $65.0 Million Revolving Credit Facility with Bank of America

On April 2, 2015, Radiant Logistics, Inc. entered into a $65.0 million revolving credit facility with Bank of America, N.A. on its own behalf and as agent to the other lenders named therein, currently consisting of the Bank of Montreal (as the initial member of the syndicate under such loan), pursuant to an Amended and Restated Loan and Security Agreement (the Senior Loan Agreement"). This replaces prior $30.0 million facility with BofA. The Senior Credit Facility matures on August 9, 2018 and is collateralized by a first-priority security interest in all of the assets of the U.S. co-borrowers, a first-priority security interest in all of the accounts receivable and associated assets of the Canadian co-borrowers (the Canadian A/R Assets") and a second-priority security interest on the other assets of the Canadian borrowers. Advances under the Senior Credit Facility were used to fund the Wheels acquisition and are available for future acquisitions, certain debt repayment and for other corporate purposes. Borrowings under the Senior Credit Facility accrue interest at a variable rate of interest based upon LIBOR and/or one or more other interest rate indices plus an applicable margin. The Senior Credit Facility provides for advances of up to 85% of eligible Canadian and domestic accounts receivable, 75% of eligible accrued but unbilled domestic receivables and eligible foreign accounts receivable, all of which are subject to certain sub-limits, reserves and reductions. The co-borrowers of the Senior Credit Facility include the following: (i) with respect to U.S. obligations under the Senior Credit Facility, Radiant Logistics, Inc., Radiant Global Logistics, Inc., Radiant Transportation Services, Inc., Radiant Logistics Partners LLC, Adcom Express, Inc., Radiant Customs Services, Inc., DBA Distribution Services, Inc., International Freight Systems (of Oregon), Inc., Radiant Off-Shore Holdings LLC, Green Acquisition Company, Inc., On Time Express, Inc., Clipper Exxpress Company, Bluenose Finance LLC, Wheels MSM US, Inc., and Radiant Trade Services, Inc.; and (ii) with respect to Canadian obligations under the Senior Credit Facility, Radiant Global Logistics Ltd., Wheels Group Inc., 1371482 Ontario Inc., Wheels MSM Canada Inc., 2062698 Ontario Inc., Associate Carriers Canada Inc. and Wheels Associate Carriers Inc. As co-borrowers under the Senior Credit Facility, the accounts receivable of the foregoing entities will become eligible for inclusion within the overall borrowing base of the Company and all borrowers will be responsible for repayment of the debt associated with applicable advances (U.S. or Canadian) under the Senior Credit Facility. In addition, and U.S. subsidiaries will guarantee both the U.S. and Canadian obligations under the Senior Credit Facility, while Canadian subsidiaries will guarantee only the Canadian obligations under the Senior Credit Facility.

Alcentra Capital Corporation Provides $10.0 Million Subordinated Secured Term Loan to Radiant Logistics, Inc

Alcentra Capital Corporation announced that Alcentra has provided $10.0 million in a Subordinated Secured Term Loan to Radiant Logistics, Inc. in support of its acquisition of Wheels Group Inc.

 

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RLGT

Industry Average

Valuation RLGT Industry Range
Price/Earnings 51.4x
Price/Sales 0.5x
Price/Book 4.7x
Price/Cash Flow 18.5x
TEV/Sales 0.5x
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