Boston Partners trimmed its stake in shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT - Free Report) by 54.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 84,999 shares of the company's stock after selling 102,791 shares during the period. Boston Partners owned approximately 0.18% of Radiant Logistics worth $569,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royce & Associates LP grew its stake in shares of Radiant Logistics by 29.7% during the 4th quarter. Royce & Associates LP now owns 2,266,678 shares of the company's stock valued at $15,187,000 after purchasing an additional 518,462 shares during the period. First Eagle Investment Management LLC grew its position in Radiant Logistics by 1.3% during the fourth quarter. First Eagle Investment Management LLC now owns 516,801 shares of the company's stock valued at $3,463,000 after buying an additional 6,517 shares during the period. Bailard Inc. purchased a new stake in Radiant Logistics during the fourth quarter valued at approximately $153,000. Rhumbline Advisers raised its position in Radiant Logistics by 2.7% in the fourth quarter. Rhumbline Advisers now owns 54,718 shares of the company's stock worth $367,000 after acquiring an additional 1,415 shares during the period. Finally, Empowered Funds LLC boosted its stake in shares of Radiant Logistics by 5.1% during the 4th quarter. Empowered Funds LLC now owns 215,905 shares of the company's stock worth $1,447,000 after acquiring an additional 10,532 shares during the last quarter. Hedge funds and other institutional investors own 53.59% of the company's stock.
Radiant Logistics Stock Performance
Shares of NYSEAMERICAN RLGT traded down $0.03 during midday trading on Wednesday, reaching $6.17. The stock had a trading volume of 129,591 shares, compared to its average volume of 112,486. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.41 and a quick ratio of 1.41. Radiant Logistics, Inc. has a 12-month low of $4.83 and a 12-month high of $7.94. The business's 50-day simple moving average is $6.83. The company has a market cap of $290.05 million, a P/E ratio of 22.04 and a beta of 0.87.
Insider Buying and Selling 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 transaction of $227,400.00. Following the completion of the transaction, the chief financial officer now directly owns 181,704 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 24.60% of the company's stock.
Radiant Logistics Company Profile
(
Free Report)
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.
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