Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) Stock Position Lowered by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its stake in shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT - Free Report) by 15.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 587,001 shares of the company's stock after selling 109,225 shares during the quarter. JPMorgan Chase & Co. owned about 1.25% of Radiant Logistics worth $3,933,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of RLGT. Geode Capital Management LLC raised its holdings in shares of Radiant Logistics by 15.9% in the 3rd quarter. Geode Capital Management LLC now owns 896,878 shares of the company's stock worth $5,768,000 after purchasing an additional 123,198 shares during the period. State Street Corp increased its position in Radiant Logistics by 0.9% during the 3rd quarter. State Street Corp now owns 739,594 shares of the company's stock worth $4,756,000 after purchasing an additional 6,655 shares in the last quarter. Barclays PLC raised its holdings in Radiant Logistics by 60.0% in the third quarter. Barclays PLC now owns 86,842 shares of the company's stock valued at $558,000 after buying an additional 32,556 shares during the period. SG Americas Securities LLC lifted its position in 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 in the last quarter. Finally, Empowered Funds LLC lifted 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 buying an additional 10,532 shares in the last quarter. 53.59% of the stock is currently owned by hedge funds and other institutional investors.

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.

Insider Activity at Radiant Logistics

In other Radiant Logistics news, CFO Todd Macomber sold 30,000 shares of the firm'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 value of $227,400.00. Following the sale, the chief financial officer now owns 181,704 shares in the company, valued at approximately $1,377,316.32. This trade represents a 14.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 24.60% of the company's stock.

Radiant Logistics Stock Performance

Shares of NYSEAMERICAN:RLGT traded up $0.06 on Thursday, reaching $6.04. 45,050 shares of the company's stock were exchanged, compared to its average volume of 126,967. The business's 50-day moving average is $6.35 and its two-hundred day moving average is $6.65. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.01. Radiant Logistics, Inc. has a fifty-two week low of $4.83 and a fifty-two week high of $7.94. The firm has a market capitalization of $283.89 million, a price-to-earnings ratio of 21.59 and a beta of 0.87.

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.