XTX Topco Ltd Buys New Shares in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

XTX Topco Ltd bought a new stake in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 20,321 shares of the company’s stock, valued at approximately $125,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Invesco Ltd. increased its stake in Radiant Logistics by 1.4% in the 4th quarter. Invesco Ltd. now owns 101,315 shares of the company’s stock valued at $679,000 after buying an additional 1,408 shares during the last quarter. 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 valued at $91,000 after buying an additional 2,201 shares during the last quarter. RBF Capital LLC increased its stake in Radiant Logistics by 5.4% in the 4th quarter. RBF Capital LLC now owns 53,932 shares of the company’s stock valued at $361,000 after buying an additional 2,751 shares during the last quarter. Hsbc Holdings PLC increased its stake in Radiant Logistics by 6.4% in the 4th quarter. Hsbc Holdings PLC now owns 69,928 shares of the company’s stock valued at $473,000 after buying an additional 4,187 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in Radiant Logistics by 16.8% in the 4th quarter. Wells Fargo & Company MN now owns 30,249 shares of the company’s stock valued at $203,000 after buying an additional 4,341 shares during the last quarter. Institutional investors and hedge funds own 53.59% of the company’s stock.

Insiders Place Their Bets

In other Radiant Logistics news, CFO Todd Macomber sold 25,000 shares of the firm’s stock in a transaction on Friday, June 27th. The shares were sold at an average price of $6.15, for a total value of $153,750.00. Following the completion of the transaction, the chief financial officer directly owned 156,704 shares of the company’s stock, valued at $963,729.60. This trade represents a 13.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 24.60% of the company’s stock.

Radiant Logistics Trading Down 2.5%

NYSEAMERICAN:RLGT opened at $6.17 on Friday. Radiant Logistics, Inc. has a 12 month low of $5.44 and a 12 month high of $7.94. The stock has a market capitalization of $290.85 million, a PE ratio of 17.63 and a beta of 0.88. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.07. The firm’s 50 day moving average is $6.05 and its 200 day moving average is $6.29.

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.