Wasatch Advisors LP Sells 164,593 Shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

Wasatch Advisors LP decreased its stake in shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT - Free Report) by 13.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,040,054 shares of the company's stock after selling 164,593 shares during the period. Wasatch Advisors LP owned approximately 2.22% of Radiant Logistics worth $6,688,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of RLGT. Vanguard Group Inc. raised its stake in shares of Radiant Logistics by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 2,358,299 shares of the company's stock worth $12,782,000 after buying an additional 13,363 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in Radiant Logistics in the 1st quarter valued at about $55,000. Bank of New York Mellon Corp lifted its holdings in Radiant Logistics by 10.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 185,626 shares of the company's stock valued at $1,056,000 after acquiring an additional 17,984 shares during the last quarter. Legato Capital Management LLC boosted its position in shares of Radiant Logistics by 237.1% during the 2nd quarter. Legato Capital Management LLC now owns 40,162 shares of the company's stock valued at $229,000 after purchasing an additional 28,248 shares in the last quarter. Finally, CM Management LLC grew its stake 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 worth $4,410,000 after purchasing an additional 50,000 shares during the last quarter. Institutional investors and hedge funds own 53.59% of the company's stock.

Radiant Logistics Trading Up 1.1 %

RLGT traded up $0.08 during trading on Friday, reaching $7.48. 47,715 shares of the stock traded hands, compared to its average volume of 103,532. Radiant Logistics, Inc. has a fifty-two week low of $4.83 and a fifty-two week high of $7.78. The stock has a market cap of $350.96 million, a price-to-earnings ratio of 44.00 and a beta of 0.84.

Radiant Logistics (NYSEAMERICAN:RLGT - Get Free Report) last posted 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.

Insider Activity

In related news, insider Arnold Goldstein sold 10,584 shares of the 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 sale, the insider now owns 12,277 shares in the company, valued at $78,695.57. This represents a 46.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 24.60% of the company's stock.

Analysts Set New Price Targets

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

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.