LSV Asset Management Cuts Stock Position in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

LSV Asset Management reduced its holdings in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT - Free Report) by 81.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 12,400 shares of the company's stock after selling 56,125 shares during the quarter. LSV Asset Management's holdings in Radiant Logistics were worth $83,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. SG Americas Securities LLC grew its holdings in shares of Radiant Logistics by 20.2% during the fourth 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 last quarter. Bailard Inc. purchased a new stake in Radiant Logistics in the 4th quarter valued at $153,000. Wells Fargo & Company MN lifted its stake in Radiant Logistics by 16.8% during the 4th quarter. Wells Fargo & Company MN now owns 30,249 shares of the company's stock valued at $203,000 after acquiring an additional 4,341 shares in the last quarter. Rhumbline Advisers boosted its holdings in Radiant Logistics by 2.7% during the 4th 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 last quarter. Finally, Barclays PLC grew its stake in shares of Radiant Logistics by 60.0% in the 3rd quarter. Barclays PLC now owns 86,842 shares of the company's stock worth $558,000 after acquiring an additional 32,556 shares in the last quarter. Institutional investors own 53.59% of the company's stock.

Insider Buying and Selling

In other news, CFO Todd Macomber sold 30,000 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were 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 $1,377,316.32. The trade was a 14.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 24.60% of the stock is owned by insiders.

Radiant Logistics Price Performance

Shares of RLGT stock traded down $0.08 during trading on Monday, hitting $5.64. The company had a trading volume of 12,959 shares, compared to its average volume of 126,487. Radiant Logistics, Inc. has a 52 week low of $4.83 and a 52 week high of $7.94. The stock has a market capitalization of $264.90 million, a price-to-earnings ratio of 20.13 and a beta of 0.87. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.01. The stock's 50-day moving average is $6.42 and its two-hundred day moving average is $6.67.

Analysts Set New Price Targets

Separately, StockNews.com lowered Radiant Logistics from a "strong-buy" rating to a "buy" rating in a 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.