Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) Shares Sold by Meros Investment Management LP

Meros Investment Management LP cut its stake in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT - Free Report) by 29.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 813,165 shares of the company's stock after selling 341,225 shares during the period. Radiant Logistics comprises about 2.4% of Meros Investment Management LP's holdings, making the stock its 19th largest holding. Meros Investment Management LP owned about 1.73% of Radiant Logistics worth $5,229,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC lifted its position in shares of Radiant Logistics by 877.2% during the 3rd quarter. FMR LLC now owns 1,490,354 shares of the company's stock worth $9,583,000 after purchasing an additional 1,337,841 shares during the last quarter. Royce & Associates LP lifted its holdings in Radiant Logistics by 15.4% during the 3rd quarter. Royce & Associates LP now owns 1,748,216 shares of the company's stock worth $11,241,000 after buying an additional 233,244 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Radiant Logistics by 15.9% during the 3rd quarter. Geode Capital Management LLC now owns 896,878 shares of the company's stock worth $5,768,000 after acquiring an additional 123,198 shares in the last quarter. CM Management LLC increased its holdings in shares of Radiant Logistics by 6.9% in the 2nd quarter. CM Management LLC now owns 775,000 shares of the company's stock valued at $4,410,000 after acquiring an additional 50,000 shares during the last quarter. Finally, Barclays PLC raised its position in shares of Radiant Logistics by 60.0% during 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. 53.59% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Radiant Logistics

In related news, insider Arnold Goldstein sold 10,584 shares of Radiant Logistics stock in a transaction on Monday, September 30th. The stock was sold at an average price of $6.41, for a total transaction of $67,843.44. Following the completion of the transaction, the insider now directly owns 12,277 shares of the company's stock, valued at approximately $78,695.57. The trade was a 46.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 24.60% of the company's stock.

Radiant Logistics Stock Performance

Shares of NYSEAMERICAN:RLGT remained flat at $7.09 during trading on Wednesday. The stock had a trading volume of 90,213 shares, compared to its average volume of 108,858. Radiant Logistics, Inc. has a 1-year low of $4.83 and a 1-year high of $7.78. The firm has a market capitalization of $332.66 million, a price-to-earnings ratio of 41.71 and a beta of 0.86.

Radiant Logistics (NYSEAMERICAN:RLGT - Get Free Report) last released its earnings results on Tuesday, November 12th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. Radiant Logistics had a net margin of 1.06% and a return on equity of 11.48%. The company had revenue of $203.57 million during the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Radiant Logistics from a "hold" rating to a "buy" rating in a research note on Friday, August 30th.

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.