Royce & Associates LP Purchases 518,462 Shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

Royce & Associates LP increased its stake in shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT - Free Report) by 29.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,266,678 shares of the company's stock after buying an additional 518,462 shares during the quarter. Royce & Associates LP owned 4.83% of Radiant Logistics worth $15,187,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Rhumbline Advisers increased its holdings in Radiant Logistics by 2.7% during the 4th quarter. Rhumbline Advisers now owns 54,718 shares of the company's stock valued at $367,000 after purchasing an additional 1,415 shares in the last quarter. SG Americas Securities LLC increased its holdings in Radiant Logistics by 20.2% during the 4th quarter. SG Americas Securities LLC now owns 14,809 shares of the company's stock valued at $99,000 after purchasing an additional 2,492 shares in the last quarter. First Eagle Investment Management LLC increased its holdings in Radiant Logistics by 1.3% during the 4th quarter. First Eagle Investment Management LLC now owns 516,801 shares of the company's stock valued at $3,463,000 after purchasing an additional 6,517 shares in the last quarter. State Street Corp increased its holdings in Radiant Logistics by 0.9% during the 3rd quarter. State Street Corp now owns 739,594 shares of the company's stock valued at $4,756,000 after purchasing an additional 6,655 shares in the last quarter. Finally, Empowered Funds LLC increased its holdings in Radiant Logistics by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 205,373 shares of the company's stock valued at $1,321,000 after purchasing an additional 10,452 shares in the last quarter. Institutional investors own 53.59% of the company's stock.

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Radiant Logistics Price Performance

Shares of NYSEAMERICAN RLGT traded down $0.06 during midday trading on Thursday, hitting $6.28. The stock had a trading volume of 117,437 shares, compared to its average volume of 110,969. The stock has a 50-day simple moving average of $6.86. The stock has a market cap of $295.22 million, a price-to-earnings ratio of 22.43 and a beta of 0.87. Radiant Logistics, Inc. has a fifty-two week low of $4.83 and a fifty-two week high of $7.94. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.41 and a current ratio of 1.41.

Insider Transactions at Radiant Logistics

In other news, CFO Todd Macomber sold 30,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $7.58, for a total value of $227,400.00. Following the transaction, the chief financial officer now directly owns 181,704 shares in the company, valued at $1,377,316.32. This trade represents a 14.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 24.60% of the stock is owned by corporate insiders.

Radiant Logistics 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.