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

Wellington Management Group LLP lessened its stake in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT - Free Report) by 11.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 952,298 shares of the company's stock after selling 128,195 shares during the period. Wellington Management Group LLP owned approximately 2.03% of Radiant Logistics worth $6,380,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC grew its stake in Radiant Logistics by 15.9% during the third quarter. Geode Capital Management LLC now owns 896,878 shares of the company's stock valued at $5,768,000 after acquiring an additional 123,198 shares in the last quarter. State Street Corp lifted its stake in shares of Radiant Logistics by 0.9% in 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 during the last quarter. Barclays PLC increased its position in Radiant Logistics by 60.0% during the third quarter. Barclays PLC now owns 86,842 shares of the company's stock valued at $558,000 after acquiring an additional 32,556 shares during the last quarter. FMR LLC grew its holdings in Radiant Logistics by 877.2% during the 3rd quarter. FMR LLC now owns 1,490,354 shares of the company's stock valued at $9,583,000 after purchasing an additional 1,337,841 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Radiant Logistics by 20.2% in the fourth quarter. SG Americas Securities LLC now owns 14,809 shares of the company's stock worth $99,000 after buying an additional 2,492 shares during the period. 53.59% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Todd Macomber sold 30,000 shares of Radiant Logistics stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $7.58, for a total value of $227,400.00. Following the completion of the transaction, the chief financial officer now owns 181,704 shares in the company, valued at $1,377,316.32. The trade was a 14.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 24.60% of the company's stock.

Analysts Set New Price Targets

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

Radiant Logistics Stock Down 1.1 %

Radiant Logistics stock traded down $0.07 during midday trading on Wednesday, reaching $5.72. The company's stock had a trading volume of 9,065 shares, compared to its average volume of 126,168. The stock has a market capitalization of $268.66 million, a P/E ratio of 20.41 and a beta of 0.87. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.41 and a quick ratio of 1.41. Radiant Logistics, Inc. has a 52-week low of $4.83 and a 52-week high of $7.94. The stock's 50-day simple moving average is $6.50 and its 200-day simple moving average is $6.68.

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.