Wellington Management Group LLP Trims Stake in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

Wellington Management Group LLP reduced its position in shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) by 7.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,756,763 shares of the company’s stock after selling 148,500 shares during the period. Wellington Management Group LLP owned approximately 3.74% of Radiant Logistics worth $11,665,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Janney Montgomery Scott LLC purchased a new position in Radiant Logistics in the third quarter worth $324,000. Hsbc Holdings PLC grew its position in Radiant Logistics by 15.3% in the third quarter. Hsbc Holdings PLC now owns 55,822 shares of the company’s stock worth $319,000 after acquiring an additional 7,400 shares in the last quarter. SG Americas Securities LLC boosted its position in Radiant Logistics by 16.7% during the fourth quarter. SG Americas Securities LLC now owns 19,919 shares of the company’s stock valued at $132,000 after buying an additional 2,853 shares during the period. Strs Ohio boosted its position in Radiant Logistics by 2.9% during the fourth quarter. Strs Ohio now owns 85,000 shares of the company’s stock valued at $564,000 after buying an additional 2,400 shares during the period. Finally, Mackenzie Financial Corp boosted its position in Radiant Logistics by 76.5% during the fourth quarter. Mackenzie Financial Corp now owns 18,748 shares of the company’s stock valued at $124,000 after buying an additional 8,125 shares during the period. 53.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Radiant Logistics from a “buy” rating to a “hold” rating in a research report on Tuesday, May 21st.

Radiant Logistics Stock Down 0.4 %

Shares of RLGT opened at $5.29 on Thursday. Radiant Logistics, Inc. has a one year low of $4.83 and a one year high of $7.76. The stock has a market capitalization of $248.63 million, a price-to-earnings ratio of 48.10 and a beta of 0.82.

Radiant Logistics (NYSEAMERICAN:RLGT) last released its earnings results on Thursday, May 9th. The company reported $0.08 earnings per share (EPS) for the quarter. Radiant Logistics had a net margin of 0.73% and a return on equity of 10.70%. The firm had revenue of $184.56 million during the quarter.

Radiant Logistics Company 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.