Two Sigma Investments LP Buys 22,856 Shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

Two Sigma Investments LP increased its stake in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) by 78.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 51,919 shares of the company’s stock after purchasing an additional 22,856 shares during the quarter. Two Sigma Investments LP owned approximately 0.11% of Radiant Logistics worth $348,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. EP Wealth Advisors LLC purchased a new stake in Radiant Logistics in the 4th quarter worth $67,000. ProShare Advisors LLC purchased a new stake in Radiant Logistics in the 4th quarter worth $67,000. Price T Rowe Associates Inc. MD increased its stake 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 buying an additional 2,201 shares in the last quarter. SG Americas Securities LLC increased its stake 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 buying an additional 2,492 shares in the last quarter. Finally, MetLife Investment Management LLC increased its stake 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 buying an additional 11,227 shares in the last quarter. 53.59% of the stock is owned by institutional investors.

Radiant Logistics Trading Up 2.0%

Shares of NYSEAMERICAN RLGT opened at $6.07 on Wednesday. The business’s 50 day moving average is $5.96 and its two-hundred day moving average is $6.57. 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 $5.20 and a 1-year high of $7.94. The stock has a market capitalization of $285.35 million, a P/E ratio of 21.68 and a beta of 0.87.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered 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.