Summit Global Investments Buys New Position in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

Summit Global Investments acquired a new position in shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,226 shares of the company’s stock, valued at approximately $134,000.

Other hedge funds have also bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of Radiant Logistics in the 3rd quarter valued at $96,000. Bank of New York Mellon Corp increased its position in shares of Radiant Logistics by 2.0% during the third quarter. Bank of New York Mellon Corp now owns 148,599 shares of the company’s stock worth $840,000 after acquiring an additional 2,935 shares in the last quarter. Bailard Inc. acquired a new stake in shares of Radiant Logistics in the 3rd quarter worth about $148,000. Hennion & Walsh Asset Management Inc. bought a new position in Radiant Logistics in the 3rd quarter valued at about $130,000. Finally, CM Management LLC boosted its stake in Radiant Logistics by 3.3% during the 3rd quarter. CM Management LLC now owns 620,000 shares of the company’s stock valued at $3,503,000 after purchasing an additional 20,000 shares during the last quarter. Institutional investors own 53.59% of the company’s stock.

Radiant Logistics Trading Up 0.8 %

Shares of RLGT stock opened at $5.11 on Tuesday. Radiant Logistics, Inc. has a 52-week low of $4.84 and a 52-week high of $7.76. The firm has a market capitalization of $239.76 million, a P/E ratio of 9.39 and a beta of 0.80.

Radiant Logistics (NYSEAMERICAN:RLGT) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.11 EPS for the quarter. The business had revenue of $201.08 million during the quarter. Radiant Logistics had a net margin of 1.23% and a return on equity of 12.94%.

Insider Buying and Selling

In other news, insider Arnold Goldstein sold 12,404 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $5.53, for a total value of $68,594.12. Following the completion of the sale, the insider now owns 10,584 shares of the company’s stock, valued at approximately $58,529.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 24.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Radiant Logistics from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th.

About Radiant Logistics

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.