State Board of Administration of Florida Retirement System Sells 17,103 Shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

State Board of Administration of Florida Retirement System lowered its stake in shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT – Get Rating) by 21.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 61,961 shares of the company’s stock after selling 17,103 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.13% of Radiant Logistics worth $315,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in RLGT. Covestor Ltd bought a new position in shares of Radiant Logistics in the 1st quarter valued at about $36,000. Shay Capital LLC bought a new position in Radiant Logistics during the 1st quarter worth approximately $64,000. Brandywine Global Investment Management LLC bought a new position in Radiant Logistics during the 3rd quarter worth approximately $70,000. Mackenzie Financial Corp bought a new position in Radiant Logistics during the 1st quarter worth approximately $72,000. Finally, Hillsdale Investment Management Inc. bought a new position in Radiant Logistics during the 3rd quarter worth approximately $79,000. Institutional investors own 55.07% of the company’s stock.

Radiant Logistics Stock Up 0.8 %

RLGT stock opened at $6.50 on Monday. The company has a market cap of $309.27 million, a PE ratio of 8.90 and a beta of 0.93. The business has a 50-day simple moving average of $5.83 and a 200 day simple moving average of $6.10. Radiant Logistics, Inc. has a 52 week low of $4.93 and a 52 week high of $8.09. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.14.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on RLGT. TheStreet upgraded shares of Radiant Logistics from a “c+” rating to a “b-” rating in a report on Tuesday, February 28th. StockNews.com began coverage on shares of Radiant Logistics in a research report on Thursday. They issued a “buy” rating for the company. TD Cowen reissued an “outperform” rating and issued a $10.00 target price on shares of Radiant Logistics in a research report on Wednesday, March 29th. Finally, Lake Street Capital reduced their target price on shares of Radiant Logistics from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Tuesday, March 28th.

Radiant Logistics Profile

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Radiant Logistics, Inc is a non-asset-based global transportation and supply chain management company. The firm through its comprehensive service offering, provides domestic and international freight forwarding services, truckload services, less than truckload services, intermodal services, truck and rail brokerage services, and other value-added supply chain management services, including customs brokerage, order fulfillment, inventory management, and warehousing to a diversified account base including manufacturers, distributors, and retailers using a network of independent carriers and international agents positioned strategically around the world.