Russell Investments Group Ltd. Has $2.64 Million Position in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

Russell Investments Group Ltd. decreased its stake in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 393,311 shares of the company’s stock after selling 3,400 shares during the period. Russell Investments Group Ltd. owned 0.84% of Radiant Logistics worth $2,635,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Geode Capital Management LLC grew 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 acquiring an additional 123,198 shares during the period. State Street Corp grew its stake in Radiant Logistics by 0.9% during the third quarter. State Street Corp now owns 739,594 shares of the company’s stock worth $4,756,000 after purchasing an additional 6,655 shares during the period. Barclays PLC increased its holdings in Radiant Logistics by 60.0% in the third quarter. Barclays PLC now owns 86,842 shares of the company’s stock worth $558,000 after purchasing an additional 32,556 shares in the last quarter. SG Americas Securities LLC lifted its stake in Radiant Logistics by 20.2% in the fourth quarter. SG Americas Securities LLC now owns 14,809 shares of the company’s stock valued at $99,000 after buying an additional 2,492 shares during the period. Finally, Empowered Funds LLC boosted its holdings in shares of Radiant Logistics by 5.1% during the 4th quarter. Empowered Funds LLC now owns 215,905 shares of the company’s stock worth $1,447,000 after buying an additional 10,532 shares in the last quarter. 53.59% of the stock is currently owned by institutional investors.

Radiant Logistics Stock Down 0.7 %

RLGT stock opened at $5.71 on Friday. Radiant Logistics, Inc. has a 1-year low of $4.83 and a 1-year high of $7.94. The stock has a market cap of $268.43 million, a P/E ratio of 20.39 and a beta of 0.87. The stock’s fifty day simple moving average is $6.45 and its two-hundred day simple moving average is $6.67. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.01.

Insider Transactions at Radiant Logistics

In related news, CFO Todd Macomber sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were 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 directly owns 181,704 shares of the company’s stock, valued at approximately $1,377,316.32. This trade represents a 14.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 24.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.