Boston Partners Reduces Stock Position in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

Boston Partners lessened its stake in shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) by 54.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 84,999 shares of the company’s stock after selling 102,791 shares during the quarter. Boston Partners owned about 0.18% of Radiant Logistics worth $569,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Royce & Associates LP boosted its holdings 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 valued at $15,187,000 after acquiring an additional 518,462 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of Radiant Logistics by 1.3% in the fourth quarter. First Eagle Investment Management LLC now owns 516,801 shares of the company’s stock worth $3,463,000 after buying an additional 6,517 shares during the last quarter. Bailard Inc. purchased a new position in shares of Radiant Logistics in the fourth quarter worth approximately $153,000. Rhumbline Advisers boosted 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 worth $367,000 after buying an additional 1,415 shares during the last quarter. Finally, Empowered Funds LLC boosted 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 worth $1,447,000 after buying an additional 10,532 shares during the last quarter. Hedge funds and other institutional investors own 53.59% of the company’s stock.

Radiant Logistics Trading Down 1.6 %

RLGT opened at $6.18 on Friday. 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 stock has a market capitalization of $290.52 million, a P/E ratio of 22.07 and a beta of 0.87. The business has a 50 day simple moving average of $6.85. Radiant Logistics, Inc. has a 12-month low of $4.83 and a 12-month high of $7.94.

Insider Buying and Selling at Radiant Logistics

In other Radiant Logistics news, CFO Todd Macomber sold 30,000 shares of Radiant Logistics stock in a transaction that occurred 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 owns 181,704 shares of the company’s stock, valued at $1,377,316.32. The trade was a 14.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 24.60% of the company’s stock.

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.