Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) Shares Acquired by Northern Trust Corp

Northern Trust Corp increased its holdings in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) by 14.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 350,243 shares of the company’s stock after buying an additional 44,844 shares during the period. Northern Trust Corp owned about 0.75% of Radiant Logistics worth $2,347,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. SG Americas Securities LLC boosted its holdings 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 buying an additional 2,492 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Radiant Logistics by 19.4% in 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 during the last quarter. Empowered Funds LLC lifted its position in Radiant Logistics by 5.1% in the 4th quarter. Empowered Funds LLC now owns 215,905 shares of the company’s stock valued at $1,447,000 after purchasing an additional 10,532 shares during the last quarter. Vanguard Group Inc. lifted its position in Radiant Logistics by 7.5% in the 4th quarter. Vanguard Group Inc. now owns 2,565,216 shares of the company’s stock valued at $17,187,000 after purchasing an additional 177,990 shares during the last quarter. Finally, Barclays PLC lifted its position in Radiant Logistics by 16.0% in the 4th quarter. Barclays PLC now owns 100,748 shares of the company’s stock valued at $675,000 after purchasing an additional 13,906 shares during the last quarter. 53.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Radiant Logistics from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 10th.

Radiant Logistics Stock Down 1.6%

NYSEAMERICAN RLGT opened at $6.00 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.41 and a quick ratio of 1.41. The company’s 50 day simple moving average is $6.01 and its 200 day simple moving average is $6.60. Radiant Logistics, Inc. has a 12 month low of $5.14 and a 12 month high of $7.94. The company has a market capitalization of $282.06 million, a P/E ratio of 21.43 and a beta of 0.87.

Radiant Logistics Company 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. The company offers domestic, international air, and ocean freight forwarding services; and freight brokerage services, including truckload and intermodal services.