Janney Montgomery Scott LLC Has $445,000 Stock Holdings in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

Janney Montgomery Scott LLC lifted its position in shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGTFree Report) by 17.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,087 shares of the company’s stock after purchasing an additional 9,824 shares during the period. Janney Montgomery Scott LLC owned 0.14% of Radiant Logistics worth $445,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of RLGT. Dimensional Fund Advisors LP boosted its holdings in shares of Radiant Logistics by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,905,214 shares of the company’s stock worth $19,291,000 after buying an additional 59,435 shares during the period. Lord Abbett & CO. LLC bought a new stake in shares of Radiant Logistics during the 3rd quarter worth about $4,451,000. First Eagle Investment Management LLC boosted its holdings in shares of Radiant Logistics by 34.4% during the 3rd quarter. First Eagle Investment Management LLC now owns 406,452 shares of the company’s stock worth $2,296,000 after buying an additional 103,960 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Radiant Logistics by 2.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 148,599 shares of the company’s stock worth $840,000 after buying an additional 2,935 shares during the period. Finally, Strs Ohio boosted its holdings in Radiant Logistics by 2.9% in the 4th quarter. Strs Ohio now owns 85,000 shares of the company’s stock valued at $564,000 after purchasing an additional 2,400 shares during the period. Institutional investors own 53.59% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Radiant Logistics from a “buy” rating to a “hold” rating in a research report on Tuesday, May 21st.

Read Our Latest Analysis on RLGT

Insider Activity at Radiant Logistics

In related 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 value of $68,594.12. Following the completion of the transaction, the insider now owns 10,584 shares of the company’s stock, valued at approximately $58,529.52. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 24.50% of the stock is owned by insiders.

Radiant Logistics Stock Performance

NYSEAMERICAN RLGT opened at $5.24 on Thursday. The company has a market cap of $246.28 million, a P/E ratio of 47.64 and a beta of 0.82. Radiant Logistics, Inc. has a 1 year low of $4.83 and a 1 year high of $7.76.

Radiant Logistics (NYSEAMERICAN:RLGTGet Free Report) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $184.56 million for the quarter. Radiant Logistics had a net margin of 0.73% and a return on equity of 10.70%.

Radiant Logistics Company Profile

(Free Report)

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.

See Also

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

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