Strs Ohio Has $564,000 Stock Position in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

Strs Ohio lifted its position in shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) by 2.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 85,000 shares of the company’s stock after buying an additional 2,400 shares during the quarter. Strs Ohio owned about 0.18% of Radiant Logistics worth $564,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hsbc Holdings PLC lifted its position in Radiant Logistics by 15.3% during the third quarter. Hsbc Holdings PLC now owns 55,822 shares of the company’s stock worth $319,000 after purchasing an additional 7,400 shares during the period. SG Americas Securities LLC lifted its position in Radiant Logistics by 16.7% during the fourth quarter. SG Americas Securities LLC now owns 19,919 shares of the company’s stock worth $132,000 after purchasing an additional 2,853 shares during the period. Bailard Inc. bought a new position in shares of Radiant Logistics in the third quarter worth about $148,000. Lord Abbett & CO. LLC bought a new position in shares of Radiant Logistics in the third quarter worth about $4,451,000. Finally, Hennion & Walsh Asset Management Inc. bought a new position in shares of Radiant Logistics in the third quarter worth about $130,000. Institutional investors and hedge funds own 53.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Radiant Logistics from a “buy” rating to a “hold” rating in a report on Tuesday, April 16th.

Insider Buying and Selling at Radiant Logistics

In other Radiant Logistics news, insider Arnold Goldstein sold 12,404 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $5.53, for a total transaction of $68,594.12. Following the completion of the sale, the insider now owns 10,584 shares of the company’s stock, valued at approximately $58,529.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 24.50% of the company’s stock.

Radiant Logistics Price Performance

RLGT stock opened at $5.13 on Friday. Radiant Logistics, Inc. has a 12 month low of $4.84 and a 12 month high of $7.76. The stock has a market capitalization of $240.70 million, a PE ratio of 24.43 and a beta of 0.79.

Radiant Logistics (NYSEAMERICAN:RLGT) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.11 earnings per share (EPS) for the quarter. Radiant Logistics had a return on equity of 12.94% and a net margin of 1.23%. The company had revenue of $201.08 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.