Verition Fund Management LLC cut its stake in shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT – Get Rating) by 50.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 184,888 shares of the company’s stock after selling 184,751 shares during the quarter. Verition Fund Management LLC owned approximately 0.37% of Radiant Logistics worth $1,178,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Covestor Ltd acquired a new stake in Radiant Logistics during the 1st quarter valued at $36,000. Shay Capital LLC bought a new position in shares of Radiant Logistics in the first quarter valued at about $64,000. Mackenzie Financial Corp acquired a new position in Radiant Logistics during the 1st quarter worth about $72,000. Wynnefield Capital Inc. bought a new stake in Radiant Logistics during the 4th quarter worth about $73,000. Finally, PDT Partners LLC acquired a new stake in Radiant Logistics in the 1st quarter valued at about $85,000. Institutional investors and hedge funds own 56.81% of the company’s stock.
Radiant Logistics Price Performance
Shares of RLGT stock opened at $6.17 on Wednesday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.60. Radiant Logistics, Inc. has a 12-month low of $5.66 and a 12-month high of $8.74. The firm has a fifty day moving average of $7.30 and a 200-day moving average of $6.76. The firm has a market capitalization of $305.06 million, a price-to-earnings ratio of 8.01 and a beta of 0.93.
Analyst Ratings Changes
Radiant Logistics Profile
Radiant Logistics, Inc, a third-party logistics company, provides multi-modal transportation and logistics services primarily in the United States and Canada. The company offers domestic and international air and ocean freight forwarding services; and freight brokerage services, including truckload, less than truckload, and intermodal services.
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