Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lowered its stake in shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) by 16.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,990 shares of the company’s stock after selling 2,586 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Radiant Logistics were worth $87,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Invesco Ltd. raised its position in Radiant Logistics by 1.4% during the fourth quarter. Invesco Ltd. now owns 101,315 shares of the company’s stock valued at $679,000 after acquiring an additional 1,408 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Radiant Logistics by 2.7% during the 4th quarter. Rhumbline Advisers now owns 54,718 shares of the company’s stock valued at $367,000 after purchasing an additional 1,415 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Radiant Logistics by 19.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,523 shares of the company’s stock valued at $91,000 after purchasing an additional 2,201 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Radiant Logistics by 20.2% in the 4th quarter. SG Americas Securities LLC now owns 14,809 shares of the company’s stock valued at $99,000 after purchasing an additional 2,492 shares during the period. Finally, RBF Capital LLC boosted its holdings in Radiant Logistics by 5.4% during the fourth quarter. RBF Capital LLC now owns 53,932 shares of the company’s stock worth $361,000 after buying an additional 2,751 shares in the last quarter. 53.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered Radiant Logistics from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 10th.

Radiant Logistics Stock Performance

Shares of RLGT stock opened at $6.19 on Tuesday. The business’s fifty day moving average price is $6.03 and its 200 day moving average price is $6.61. The firm has a market capitalization of $290.99 million, a PE ratio of 22.11 and a beta of 0.87. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.41 and a quick ratio of 1.41. Radiant Logistics, Inc. has a 1-year low of $5.11 and a 1-year high of $7.94.

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.