Vanguard Group Inc. Acquires 177,990 Shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

Vanguard Group Inc. boosted its stake in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT - Free Report) by 7.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,565,216 shares of the company's stock after buying an additional 177,990 shares during the quarter. Vanguard Group Inc. owned approximately 5.47% of Radiant Logistics worth $17,187,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of RLGT. Royce & Associates LP grew its stake in shares of Radiant Logistics by 29.7% during the fourth quarter. Royce & Associates LP now owns 2,266,678 shares of the company's stock valued at $15,187,000 after purchasing an additional 518,462 shares during the last quarter. Geode Capital Management LLC lifted its holdings in 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 buying an additional 123,198 shares in the last quarter. Barclays PLC boosted its position in Radiant Logistics by 60.0% in the 3rd 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 last quarter. Bailard Inc. acquired a new stake in shares of Radiant Logistics in the 4th quarter valued at $153,000. Finally, Empowered Funds LLC raised its position in shares of Radiant Logistics by 5.1% during the fourth quarter. Empowered Funds LLC now owns 215,905 shares of the company's stock worth $1,447,000 after acquiring an additional 10,532 shares during the last quarter. 53.59% of the stock is currently owned by institutional investors.

Radiant Logistics Stock Up 2.3 %

Shares of RLGT traded up $0.13 during midday trading on Tuesday, hitting $5.87. The stock had a trading volume of 117,344 shares, compared to its average volume of 126,907. The firm has a market cap of $275.95 million, a price-to-earnings ratio of 20.97 and a beta of 0.87. The company has a 50 day simple moving average of $6.37 and a two-hundred day simple moving average of $6.66. Radiant Logistics, Inc. has a twelve month low of $4.83 and a twelve month high of $7.94. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.41 and a quick ratio of 1.41.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Radiant Logistics from a "strong-buy" rating to a "buy" rating in a report on Thursday, April 10th.

Insider Transactions at Radiant Logistics

In related news, CFO Todd Macomber sold 30,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 approximately $1,377,316.32. This represents a 14.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 24.60% of the stock is currently 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.