Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) Stock Position Cut by Wellington Management Group LLP

Wellington Management Group LLP decreased its holdings in shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT - Free Report) by 34.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,080,493 shares of the company's stock after selling 555,413 shares during the quarter. Wellington Management Group LLP owned about 2.30% of Radiant Logistics worth $6,948,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

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

Radiant Logistics Stock Down 2.2 %

RLGT stock traded down $0.16 during trading on Tuesday, hitting $6.99. The company had a trading volume of 68,613 shares, compared to its average volume of 108,227. The stock has a market capitalization of $327.97 million, a PE ratio of 41.12 and a beta of 0.86. Radiant Logistics, Inc. has a 1-year low of $4.83 and a 1-year high of $7.78.

Radiant Logistics (NYSEAMERICAN:RLGT - Get Free Report) last released 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 Transactions at Radiant Logistics

In other news, insider Arnold Goldstein sold 10,584 shares of Radiant Logistics stock in a transaction 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 of the company's stock, valued at $78,695.57. The trade was a 46.30 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 24.60% of the company's stock.

About Radiant Logistics

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.