Alliancebernstein L.P. Has $184,000 Holdings in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

Alliancebernstein L.P. cut its position in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT - Free Report) by 91.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,420 shares of the company's stock after selling 294,353 shares during the period. Alliancebernstein L.P. owned approximately 0.06% of Radiant Logistics worth $184,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Rhumbline Advisers boosted its holdings in Radiant Logistics by 2.7% in the fourth quarter. Rhumbline Advisers now owns 54,718 shares of the company's stock valued at $367,000 after purchasing an additional 1,415 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Radiant Logistics by 20.2% in the 4th quarter. SG Americas Securities LLC now owns 14,809 shares of the company's stock valued at $99,000 after buying an additional 2,492 shares during the period. First Eagle Investment Management LLC boosted its stake in shares of Radiant Logistics by 1.3% in the fourth quarter. First Eagle Investment Management LLC now owns 516,801 shares of the company's stock worth $3,463,000 after buying an additional 6,517 shares during the last quarter. State Street Corp grew its holdings in Radiant Logistics by 0.9% during the third quarter. State Street Corp now owns 739,594 shares of the company's stock worth $4,756,000 after acquiring an additional 6,655 shares during the period. Finally, Empowered Funds LLC raised its position in Radiant Logistics by 5.1% during the fourth quarter. Empowered Funds LLC now owns 215,905 shares of the company's stock valued at $1,447,000 after acquiring an additional 10,532 shares in the last quarter. 53.59% of the stock is currently owned by hedge funds and other institutional investors.

Radiant Logistics Price Performance

RLGT stock traded down $0.19 during mid-day trading on Friday, reaching $5.90. The company's stock had a trading volume of 48,634 shares, compared to its average volume of 127,033. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.01. The company's 50 day moving average is $6.33 and its two-hundred day moving average is $6.65. Radiant Logistics, Inc. has a fifty-two week low of $4.83 and a fifty-two week high of $7.94. The stock has a market cap of $277.12 million, a PE ratio of 21.05 and a beta of 0.87.

Insider Transactions at Radiant Logistics

In related news, CFO Todd Macomber sold 30,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $7.58, for a total value of $227,400.00. Following the completion of the transaction, the chief financial officer now directly owns 181,704 shares in the company, valued at approximately $1,377,316.32. This represents a 14.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 24.60% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Radiant Logistics from a "strong-buy" rating to a "buy" rating in a research report on Thursday, April 10th.

Radiant Logistics Company Profile

Radiant Logistics, Inc, a third-party logistics company, provides technology-enabled global transportation and value-added logistics solutions primarily in the United States and Canada. The company offers domestic, international air, and ocean freight forwarding services; and freight brokerage services, including truckload and intermodal services.