Voya Investment Management LLC Sells 1,647 Shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

Voya Investment Management LLC lessened its holdings in shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) by 10.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,431 shares of the company’s stock after selling 1,647 shares during the quarter. Voya Investment Management LLC’s holdings in Radiant Logistics were worth $97,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of RLGT. Barclays PLC grew its stake in shares of Radiant Logistics by 60.0% in the 3rd quarter. Barclays PLC now owns 86,842 shares of the company’s stock worth $558,000 after acquiring an additional 32,556 shares in the last quarter. 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 valued at $99,000 after purchasing an additional 2,492 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Radiant Logistics by 5.1% in the fourth quarter. Empowered Funds LLC now owns 215,905 shares of the company’s stock valued at $1,447,000 after purchasing an additional 10,532 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Radiant Logistics by 2.7% in the fourth quarter. Rhumbline Advisers now owns 54,718 shares of the company’s stock valued at $367,000 after purchasing an additional 1,415 shares during the last quarter. Finally, Bailard Inc. purchased a new stake in shares of Radiant Logistics in the fourth quarter valued at about $153,000. Institutional investors own 53.59% of the company’s stock.

Insider Activity

In related news, CFO Todd Macomber sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $7.58, for a total transaction of $227,400.00. Following the completion of the sale, the chief financial officer now owns 181,704 shares in the company, valued at approximately $1,377,316.32. This trade represents a 14.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 24.60% of the stock is currently owned by corporate insiders.

Radiant Logistics Stock Performance

Shares of RLGT stock opened at $6.41 on Thursday. The firm has a 50-day moving average of $6.04 and a 200-day moving average of $6.61. The company has a market cap of $301.33 million, a P/E ratio of 22.89 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 one year low of $5.00 and a one year high of $7.94.

Analyst Upgrades and Downgrades

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

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.