Barclays PLC increased its stake in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT – Free Report) by 22.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,360 shares of the company’s stock after purchasing an additional 8,747 shares during the quarter. Barclays PLC owned 0.10% of Radiant Logistics worth $312,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Covestor Ltd acquired a new stake in Radiant Logistics in the 1st quarter valued at about $36,000. American Century Companies Inc. acquired a new stake in shares of Radiant Logistics during the 4th quarter worth about $57,000. Shay Capital LLC acquired a new stake in shares of Radiant Logistics during the 1st quarter worth about $64,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Radiant Logistics during the fourth quarter worth about $67,000. Finally, UBS Group AG purchased a new stake in shares of Radiant Logistics during the fourth quarter worth about $68,000. Hedge funds and other institutional investors own 53.34% of the company’s stock.
Analysts Set New Price Targets
Separately, StockNews.com started coverage on shares of Radiant Logistics in a report on Wednesday, August 23rd. They set a “buy” rating for the company.
Radiant Logistics Price Performance
Shares of NYSEAMERICAN RLGT opened at $6.81 on Thursday. The stock has a market capitalization of $324.02 million, a P/E ratio of 9.23 and a beta of 0.94. Radiant Logistics, Inc. has a 12 month low of $4.93 and a 12 month high of $7.76. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.14. The business’s 50-day moving average price is $5.89.
Radiant Logistics 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. It offers domestic, international air, and ocean freight forwarding services; and freight brokerage services, including truckload and intermodal services.
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