SG Americas Securities LLC Raises Stock Position in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

SG Americas Securities LLC increased its stake in Radiant Logistics, Inc. (NYSEAMERICAN:RLGTGet Rating) by 28.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,170 shares of the company’s stock after purchasing an additional 3,401 shares during the period. SG Americas Securities LLC’s holdings in Radiant Logistics were worth $113,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Walthausen & Co. LLC boosted its stake in Radiant Logistics by 0.7% in the 1st quarter. Walthausen & Co. LLC now owns 300,730 shares of the company’s stock worth $1,916,000 after purchasing an additional 2,070 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Radiant Logistics by 21.5% in the 1st quarter. Victory Capital Management Inc. now owns 16,211 shares of the company’s stock worth $103,000 after purchasing an additional 2,874 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Radiant Logistics by 2.3% during the 1st quarter. Bank of New York Mellon Corp now owns 177,899 shares of the company’s stock valued at $1,133,000 after acquiring an additional 4,084 shares during the period. Amalgamated Bank acquired a new stake in Radiant Logistics during the 1st quarter valued at approximately $30,000. Finally, Citigroup Inc. lifted its stake in Radiant Logistics by 51.5% during the 1st quarter. Citigroup Inc. now owns 15,284 shares of the company’s stock valued at $97,000 after acquiring an additional 5,193 shares during the period. 56.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. TheStreet cut shares of Radiant Logistics from a “b” rating to a “c+” rating in a research note on Friday, November 11th. StockNews.com cut shares of Radiant Logistics from a “buy” rating to a “hold” rating in a research note on Friday, September 9th.

Radiant Logistics Stock Performance

Shares of NYSEAMERICAN RLGT opened at $5.78 on Wednesday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.60. The company has a 50 day simple moving average of $7.30 and a two-hundred day simple moving average of $6.76. Radiant Logistics, Inc. has a 12 month low of $5.47 and a 12 month high of $8.71. The stock has a market cap of $285.78 million, a price-to-earnings ratio of 7.51 and a beta of 0.93.

Radiant Logistics (NYSEAMERICAN:RLGTGet Rating) last posted its earnings results on Tuesday, September 13th. The company reported $0.40 earnings per share (EPS) for the quarter. Radiant Logistics had a net margin of 2.95% and a return on equity of 29.20%.

About Radiant Logistics

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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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Institutional Ownership by Quarter for Radiant Logistics (NYSEAMERICAN:RLGT)

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