BNP Paribas Financial Markets Has $231,000 Stock Holdings in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

BNP Paribas Financial Markets lowered its stake in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) by 20.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 35,979 shares of the company’s stock after selling 9,164 shares during the period. BNP Paribas Financial Markets owned approximately 0.08% of Radiant Logistics worth $231,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Hsbc Holdings PLC grew its position in shares of Radiant Logistics by 2.6% during the 2nd quarter. Hsbc Holdings PLC now owns 68,131 shares of the company’s stock worth $384,000 after purchasing an additional 1,722 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Radiant Logistics by 27.8% during the second quarter. The Manufacturers Life Insurance Company now owns 16,255 shares of the company’s stock worth $92,000 after buying an additional 3,533 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in Radiant Logistics during the first quarter worth approximately $55,000. Empowered Funds LLC increased its stake in Radiant Logistics by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 205,373 shares of the company’s stock worth $1,321,000 after acquiring an additional 10,452 shares during the period. Finally, SG Americas Securities LLC acquired a new position in Radiant Logistics in the 3rd quarter valued at $79,000. 53.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Radiant Logistics

In other news, insider Arnold Goldstein sold 10,584 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $6.41, for a total value of $67,843.44. Following the transaction, the insider now owns 12,277 shares in the company, valued at $78,695.57. This trade represents a 46.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 24.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Radiant Logistics from a “hold” rating to a “buy” rating in a report on Friday, August 30th.

Radiant Logistics Trading Up 1.0 %

RLGT stock opened at $7.15 on Tuesday. Radiant Logistics, Inc. has a 12-month low of $4.83 and a 12-month high of $7.78. The firm has a market capitalization of $335.48 million, a P/E ratio of 42.06 and a beta of 0.86.

Radiant Logistics (NYSEAMERICAN:RLGT) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. Radiant Logistics had a net margin of 1.06% and a return on equity of 11.48%. The company had revenue of $203.57 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.