Verition Fund Management LLC Sells 184,751 Shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

Verition Fund Management LLC reduced its stake in Radiant Logistics, Inc. (NYSEAMERICAN:RLGTGet Rating) by 50.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 184,888 shares of the company’s stock after selling 184,751 shares during the period. Verition Fund Management LLC’s holdings in Radiant Logistics were worth $1,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Covestor Ltd acquired a new position in Radiant Logistics in the 1st quarter valued at about $36,000. Shay Capital LLC bought a new stake in shares of Radiant Logistics during the first quarter worth approximately $64,000. Mackenzie Financial Corp bought a new position in shares of Radiant Logistics during the first quarter worth approximately $72,000. Wynnefield Capital Inc. acquired a new stake in Radiant Logistics during the 4th quarter worth approximately $73,000. Finally, PDT Partners LLC bought a new stake in Radiant Logistics in the 1st quarter valued at $85,000. 56.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com downgraded Radiant Logistics from a “buy” rating to a “hold” rating in a report on Friday, September 9th.

Radiant Logistics Stock Performance

NYSEAMERICAN RLGT opened at $6.17 on Wednesday. Radiant Logistics, Inc. has a 12-month low of $5.66 and a 12-month high of $8.74. The firm has a 50-day moving average price of $7.30 and a two-hundred day moving average price of $6.76. The company has a market capitalization of $305.06 million, a P/E ratio of 8.01 and a beta of 0.93. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.60.

About Radiant Logistics

(Get Rating)

Radiant Logistics, Inc, a third-party logistics company, provides multi-modal transportation and logistics services primarily in the United States and Canada. The company offers domestic and international air and ocean freight forwarding services; and freight brokerage services, including truckload, less than truckload, and intermodal services.

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Institutional Ownership by Quarter for Radiant Logistics (NYSEAMERICAN:RLGT)

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