Radiant Logistics, Inc. Buyback
OLI recorded this information on 12/5/2023
Company:
Radiant Logistics, Inc.
Buyback:
RLGT buyback
Share Amount Authorized:
5,000,000
Buyback Details:
Radiant Logistics, Inc. (NYSE American: RLGT), a technology-enabled global transportation and value-added logistics services company, today announced that its board of directors has authorized the repurchase of up to five million shares of the Company's common stock through December 31, 2025. As of December 1, 2023, the Company had 46,906,586 shares outstanding.
Radiant Logistics operates as a third-party logistics company, providing transportation and logistics solutions in the U.S. and Canada. Through its operating locations across North America, Co. provides domestic, international air and ocean freight forwarding services and freight brokerage services. Co.'s business operations involve arranging the shipment, on behalf of its customers, of materials, products, equipment, and other goods that are generally larger than shipments handled by integrated carriers of small parcels. Co. also provides other logistics services including materials management and distribution services, customs house brokerage services and global trade management services.
Preferred: RLGT.PRA
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Strong Buy (4.00 out of 4) 81st percentile
(ranked higher than approx. 81% of all stocks covered)
Analysts' Target Price: RLGT Stock Forecast Based on Zacks ABR data; powered by Xignite |