Seizert Capital Partners LLC Raises Holdings in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

Seizert Capital Partners LLC boosted its holdings in shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) by 30.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 58,408 shares of the company’s stock after acquiring an additional 13,540 shares during the quarter. Seizert Capital Partners LLC’s holdings in Radiant Logistics were worth $376,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of RLGT. Price T Rowe Associates Inc. MD purchased a new position in Radiant Logistics in the first quarter worth $55,000. Beacon Bridge Wealth Partners LLC purchased a new position in Radiant Logistics in the second quarter worth $73,000. SG Americas Securities LLC purchased a new position in Radiant Logistics in the third quarter worth $79,000. The Manufacturers Life Insurance Company grew its holdings in Radiant Logistics by 27.8% in the second quarter. The Manufacturers Life Insurance Company now owns 16,255 shares of the company’s stock worth $92,000 after purchasing an additional 3,533 shares during the last quarter. Finally, AQR Capital Management LLC purchased a new position in Radiant Logistics in the second quarter worth $145,000. 53.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Radiant Logistics from a “hold” rating to a “buy” rating in a research note on Friday, August 30th.

Insider Activity at Radiant Logistics

In related news, insider Arnold Goldstein sold 10,584 shares of the business’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $6.41, for a total transaction of $67,843.44. Following the completion of the transaction, the insider now directly owns 12,277 shares in the company, valued at $78,695.57. The trade was a 46.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 24.60% of the stock is currently owned by insiders.

Radiant Logistics Price Performance

NYSEAMERICAN:RLGT opened at $7.05 on Monday. Radiant Logistics, Inc. has a 12 month low of $4.83 and a 12 month high of $7.54. The firm has a market cap of $330.79 million, a PE ratio of 41.47 and a beta of 0.84.

Radiant Logistics (NYSEAMERICAN:RLGT) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. Radiant Logistics had a net margin of 1.06% and a return on equity of 11.48%. The business had revenue of $203.57 million during the quarter.

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.