Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) Shares Sold by American Century Companies Inc.

American Century Companies Inc. cut its position in shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) by 14.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 355,570 shares of the company’s stock after selling 60,403 shares during the period. American Century Companies Inc. owned approximately 0.76% of Radiant Logistics worth $2,023,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of RLGT. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Radiant Logistics by 8.0% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 36,559 shares of the company’s stock worth $198,000 after purchasing an additional 2,699 shares during the period. Janney Montgomery Scott LLC lifted its position in Radiant Logistics by 10.3% in the first quarter. Janney Montgomery Scott LLC now owns 73,982 shares of the company’s stock valued at $401,000 after buying an additional 6,895 shares during the last quarter. Price T Rowe Associates Inc. MD purchased a new position in Radiant Logistics during the first quarter worth about $55,000. Beacon Bridge Wealth Partners LLC acquired a new stake in shares of Radiant Logistics during the second quarter valued at about $73,000. Finally, Vanguard Group Inc. raised its stake in shares of Radiant Logistics by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 2,358,299 shares of the company’s stock valued at $12,782,000 after acquiring an additional 13,363 shares during the period. 53.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Radiant Logistics from a “hold” rating to a “buy” rating in a report on Friday, August 30th.

Radiant Logistics Price Performance

Radiant Logistics stock opened at $6.43 on Friday. The firm has a market capitalization of $300.28 million, a price-to-earnings ratio of 58.46 and a beta of 0.84. Radiant Logistics, Inc. has a one year low of $4.83 and a one year high of $7.10.

Radiant Logistics (NYSEAMERICAN:RLGT) last released its quarterly earnings data on Thursday, September 12th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.11 by $0.03. The business had revenue of $206.03 million for the quarter. Radiant Logistics had a net margin of 0.96% and a return on equity of 10.91%.

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.