Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. lowered its position in shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) by 91.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,420 shares of the company’s stock after selling 294,353 shares during the quarter. Alliancebernstein L.P.’s holdings in Radiant Logistics were worth $184,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Radiant Logistics by 7.5% in the fourth quarter. Vanguard Group Inc. now owns 2,565,216 shares of the company’s stock worth $17,187,000 after acquiring an additional 177,990 shares during the last quarter. Royce & Associates LP lifted its holdings in shares of Radiant Logistics by 29.7% in the 4th quarter. Royce & Associates LP now owns 2,266,678 shares of the company’s stock worth $15,187,000 after purchasing an additional 518,462 shares during the last quarter. Geode Capital Management LLC grew its stake 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 buying an additional 123,198 shares during the last quarter. State Street Corp increased its position in Radiant Logistics by 0.9% in the third quarter. State Street Corp now owns 739,594 shares of the company’s stock worth $4,756,000 after buying an additional 6,655 shares during the period. Finally, First Eagle Investment Management LLC lifted its stake in Radiant Logistics by 1.3% in the fourth quarter. First Eagle Investment Management LLC now owns 516,801 shares of the company’s stock valued at $3,463,000 after buying an additional 6,517 shares during the last quarter. Institutional investors own 53.59% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Activity

In other Radiant Logistics news, CFO Todd Macomber sold 30,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $7.58, for a total transaction 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 24.60% of the company’s stock.

Radiant Logistics Stock Performance

Shares of RLGT stock opened at $5.74 on Tuesday. Radiant Logistics, Inc. has a 12-month low of $4.83 and a 12-month high of $7.94. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market capitalization of $269.84 million, a price-to-earnings ratio of 20.50 and a beta of 0.87. The business has a 50 day simple moving average of $6.39 and a 200 day simple moving average of $6.66.

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.