Voya Investment Management LLC Has $76,000 Holdings in Radiant Logistics, Inc. $RLGT

Voya Investment Management LLC cut its position in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) by 14.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,357 shares of the company’s stock after selling 2,074 shares during the quarter. Voya Investment Management LLC’s holdings in Radiant Logistics were worth $76,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Strs Ohio bought a new position in Radiant Logistics during the first quarter worth $476,000. Acadian Asset Management LLC bought a new position in Radiant Logistics during the first quarter worth $472,000. Jane Street Group LLC bought a new position in Radiant Logistics during the first quarter worth $587,000. Empowered Funds LLC boosted its position in shares of Radiant Logistics by 7.5% in the first quarter. Empowered Funds LLC now owns 232,046 shares of the company’s stock valued at $1,427,000 after acquiring an additional 16,141 shares during the period. Finally, PharVision Advisers LLC bought a new stake in shares of Radiant Logistics in the first quarter valued at about $158,000. 53.59% of the stock is owned by institutional investors.

Radiant Logistics Stock Performance

Shares of RLGT stock opened at $5.86 on Thursday. Radiant Logistics, Inc. has a 52 week low of $5.44 and a 52 week high of $7.94. The firm has a 50 day moving average of $6.18 and a 200-day moving average of $6.08. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.09. The company has a market cap of $276.24 million, a price-to-earnings ratio of 16.74 and a beta of 0.78.

Wall Street Analyst Weigh In

Separately, Lake Street Capital cut their price objective on shares of Radiant Logistics from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Tuesday, September 16th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $8.00.

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.