Royce & Associates LP Increases Stake in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

Royce & Associates LP increased its stake in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) by 29.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,266,678 shares of the company’s stock after acquiring an additional 518,462 shares during the period. Royce & Associates LP owned approximately 4.83% of Radiant Logistics worth $15,187,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. FMR LLC raised its holdings in shares of Radiant Logistics by 877.2% in the 3rd quarter. FMR LLC now owns 1,490,354 shares of the company’s stock worth $9,583,000 after purchasing an additional 1,337,841 shares during the period. Geode Capital Management LLC raised its holdings in Radiant Logistics by 15.9% in the third quarter. Geode Capital Management LLC now owns 896,878 shares of the company’s stock valued at $5,768,000 after buying an additional 123,198 shares during the period. Barclays PLC lifted 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 buying an additional 32,556 shares in the last quarter. Bailard Inc. purchased a new stake in Radiant Logistics during the fourth quarter worth approximately $153,000. Finally, Seizert Capital Partners LLC increased its position in shares of Radiant Logistics by 30.2% in the third quarter. Seizert Capital Partners LLC now owns 58,408 shares of the company’s stock worth $376,000 after acquiring an additional 13,540 shares in the last quarter. 53.59% of the stock is currently owned by hedge funds and other institutional investors.

Radiant Logistics Trading Up 1.0 %

NYSEAMERICAN:RLGT opened at $6.37 on Monday. The company’s fifty day simple moving average is $6.88. 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 twelve month low of $4.83 and a twelve month high of $7.94. The firm has a market cap of $299.45 million, a price-to-earnings ratio of 22.75 and a beta of 0.87.

Insiders Place Their Bets

In other news, CFO Todd Macomber sold 30,000 shares of the company’s stock in a transaction 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 in the company, valued at approximately $1,377,316.32. This represents a 14.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 24.60% of the stock is currently owned by insiders.

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.