ProShare Advisors LLC Buys New Stake in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

ProShare Advisors LLC purchased a new position in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,002 shares of the company’s stock, valued at approximately $67,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EP Wealth Advisors LLC purchased a new stake in Radiant Logistics in the 4th quarter worth $67,000. Price T Rowe Associates Inc. MD increased its holdings 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 worth $91,000 after acquiring an additional 2,201 shares in the last quarter. SG Americas Securities LLC increased its holdings in Radiant Logistics by 20.2% in the 4th quarter. SG Americas Securities LLC now owns 14,809 shares of the company’s stock worth $99,000 after acquiring an additional 2,492 shares in the last quarter. MetLife Investment Management LLC increased its holdings in Radiant Logistics by 103.8% in the 4th quarter. MetLife Investment Management LLC now owns 22,047 shares of the company’s stock worth $148,000 after acquiring an additional 11,227 shares in the last quarter. Finally, Bailard Inc. purchased a new stake in Radiant Logistics in the 4th quarter worth $153,000. Hedge funds and other institutional investors own 53.59% of the company’s stock.

Analyst Ratings Changes

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

Radiant Logistics Price Performance

Radiant Logistics stock opened at $6.13 on Wednesday. Radiant Logistics, Inc. has a 52-week low of $5.20 and a 52-week high of $7.94. The firm has a market capitalization of $288.17 million, a price-to-earnings ratio of 21.89 and a beta of 0.87. The company has a fifty day simple moving average of $5.97 and a 200-day simple moving average of $6.58. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.01.

Radiant Logistics 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.