State Board of Administration of Florida Retirement System lowered its holdings in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT – Get Rating) by 13.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 152,738 shares of the company’s stock after selling 23,634 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.31% of Radiant Logistics worth $1,133,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in RLGT. Scotia Capital Inc. bought a new position in shares of Radiant Logistics in the 1st quarter worth about $134,000. First Eagle Investment Management LLC grew its stake in shares of Radiant Logistics by 115.8% in the 1st quarter. First Eagle Investment Management LLC now owns 167,923 shares of the company’s stock worth $1,070,000 after purchasing an additional 90,092 shares during the last quarter. CM Management LLC grew its stake in shares of Radiant Logistics by 24.6% in the 1st quarter. CM Management LLC now owns 350,000 shares of the company’s stock worth $2,230,000 after purchasing an additional 69,213 shares during the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of Radiant Logistics by 103.9% in the second quarter. Los Angeles Capital Management LLC now owns 248,352 shares of the company’s stock worth $1,843,000 after buying an additional 126,560 shares during the period. Finally, RBF Capital LLC boosted its holdings in shares of Radiant Logistics by 45.9% in the first quarter. RBF Capital LLC now owns 54,119 shares of the company’s stock worth $345,000 after buying an additional 17,021 shares during the period. Institutional investors and hedge funds own 56.81% of the company’s stock.
Radiant Logistics Price Performance
Shares of RLGT opened at $5.54 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.61 and a current ratio of 1.61. The stock has a 50 day simple moving average of $7.30 and a 200 day simple moving average of $6.76. Radiant Logistics, Inc. has a 52-week low of $5.46 and a 52-week high of $8.71. The firm has a market capitalization of $273.91 million, a PE ratio of 7.19 and a beta of 0.93.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on RLGT shares. StockNews.com lowered shares of Radiant Logistics from a “buy” rating to a “hold” rating in a research report on Friday, September 9th. TheStreet downgraded shares of Radiant Logistics from a “b” rating to a “c+” rating in a research report on Friday, November 11th.
Radiant Logistics Profile
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.
- Get a free copy of the StockNews.com research report on Radiant Logistics (RLGT)
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