Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership reduced its holdings in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) by 3.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 168,391 shares of the company’s stock after selling 5,128 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.36% of Radiant Logistics worth $1,128,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Royce & Associates LP raised its position in shares of Radiant Logistics by 29.7% during the 4th quarter. Royce & Associates LP now owns 2,266,678 shares of the company’s stock worth $15,187,000 after buying an additional 518,462 shares in the last quarter. Vanguard Group Inc. raised its holdings in Radiant Logistics by 7.5% during the fourth quarter. Vanguard Group Inc. now owns 2,565,216 shares of the company’s stock worth $17,187,000 after purchasing an additional 177,990 shares in the last quarter. Geode Capital Management LLC raised its holdings in Radiant Logistics by 15.9% during the third quarter. Geode Capital Management LLC now owns 896,878 shares of the company’s stock worth $5,768,000 after purchasing an additional 123,198 shares in the last quarter. Barclays PLC lifted its position 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 during the period. Finally, Bailard Inc. bought a new position in Radiant Logistics during the 4th quarter valued at $153,000. Institutional investors own 53.59% of the company’s stock.

Radiant Logistics Stock Up 0.5 %

Shares of NYSEAMERICAN:RLGT opened at $5.80 on Friday. The firm has a 50 day simple moving average of $6.55 and a 200 day simple moving average of $6.69. Radiant Logistics, Inc. has a 52 week low of $4.83 and a 52 week high of $7.94. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market cap of $272.66 million, a PE ratio of 20.72 and a beta of 0.87.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Radiant Logistics from a “strong-buy” rating to a “buy” rating in a research report on Thursday.

Insiders Place Their Bets

In other news, CFO Todd Macomber sold 30,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $7.58, for a total transaction of $227,400.00. Following the transaction, the chief financial officer now directly owns 181,704 shares in the company, valued at $1,377,316.32. The trade was a 14.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 24.60% of the company’s stock.

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.