BNP Paribas Financial Markets Sells 27,428 Shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

BNP Paribas Financial Markets decreased its stake in shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) by 76.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,551 shares of the company’s stock after selling 27,428 shares during the period. BNP Paribas Financial Markets’ holdings in Radiant Logistics were worth $57,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its position in Radiant Logistics by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,006,978 shares of the company’s stock valued at $20,147,000 after purchasing an additional 40,666 shares during the period. Vanguard Group Inc. raised its position in Radiant Logistics by 7.5% in the fourth quarter. Vanguard Group Inc. now owns 2,565,216 shares of the company’s stock worth $17,187,000 after acquiring an additional 177,990 shares during the period. Royce & Associates LP raised its position in Radiant Logistics by 29.7% in the fourth quarter. Royce & Associates LP now owns 2,266,678 shares of the company’s stock worth $15,187,000 after acquiring an additional 518,462 shares during the period. First Eagle Investment Management LLC raised its position in Radiant Logistics by 1.3% in the fourth quarter. First Eagle Investment Management LLC now owns 516,801 shares of the company’s stock worth $3,463,000 after acquiring an additional 6,517 shares during the period. Finally, Northern Trust Corp raised its position in Radiant Logistics by 14.7% in the fourth quarter. Northern Trust Corp now owns 350,243 shares of the company’s stock worth $2,347,000 after acquiring an additional 44,844 shares during the period. Institutional investors own 53.59% of the company’s stock.

Radiant Logistics Stock Performance

RLGT opened at $5.90 on Tuesday. The stock has a market capitalization of $277.36 million, a price-to-earnings ratio of 21.07 and a beta of 0.87. The company has a fifty day moving average of $5.98 and a 200 day moving average of $6.58. Radiant Logistics, Inc. has a fifty-two week low of $5.20 and a fifty-two week high of $7.94. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.41 and a current ratio of 1.41.

Analysts Set New Price Targets

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 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.