Royce & Associates LP Acquires 233,244 Shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

Royce & Associates LP lifted its position in shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT - Free Report) by 15.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,748,216 shares of the company's stock after buying an additional 233,244 shares during the quarter. Royce & Associates LP owned approximately 3.73% of Radiant Logistics worth $11,241,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD acquired a new position in shares of Radiant Logistics during the 1st quarter valued at about $55,000. SG Americas Securities LLC acquired a new position in Radiant Logistics during the third quarter worth approximately $79,000. Beacon Bridge Wealth Partners LLC purchased a new position in Radiant Logistics during the second quarter worth approximately $73,000. The Manufacturers Life Insurance Company grew its stake in shares of Radiant Logistics by 27.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,255 shares of the company's stock valued at $92,000 after buying an additional 3,533 shares during the period. Finally, AQR Capital Management LLC acquired a new stake in shares of Radiant Logistics during the 2nd quarter worth $145,000. Institutional investors and hedge funds own 53.59% of the company's stock.

Radiant Logistics Stock Up 3.8 %

NYSEAMERICAN RLGT traded up $0.26 during mid-day trading on Friday, reaching $7.05. 185,303 shares of the company's stock traded hands, compared to its average volume of 86,831. Radiant Logistics, Inc. has a 1-year low of $4.83 and a 1-year high of $7.54. The firm has a market cap of $330.79 million, a PE ratio of 41.47 and a beta of 0.84.

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

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Radiant Logistics

In related news, insider Arnold Goldstein sold 10,584 shares of the business's stock in a transaction that occurred 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 owns 12,277 shares in the company, valued at $78,695.57. The trade was a 46.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 24.60% of the stock is owned by insiders.

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.