Empowered Funds LLC Increases Position in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

Empowered Funds LLC increased its stake in shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) by 5.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 205,373 shares of the company’s stock after acquiring an additional 10,452 shares during the period. Empowered Funds LLC’s holdings in Radiant Logistics were worth $1,321,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD acquired a new stake in shares of Radiant Logistics in the 1st quarter worth $55,000. Beacon Bridge Wealth Partners LLC acquired a new position in Radiant Logistics during the 2nd quarter worth approximately $73,000. SG Americas Securities LLC acquired a new stake in shares of Radiant Logistics in the 3rd quarter valued at approximately $79,000. The Manufacturers Life Insurance Company boosted its stake in shares of Radiant Logistics by 27.8% in the second quarter. The Manufacturers Life Insurance Company now owns 16,255 shares of the company’s stock valued at $92,000 after buying an additional 3,533 shares in the last quarter. Finally, AQR Capital Management LLC acquired a new position in Radiant Logistics during the second quarter worth $145,000. Institutional investors and hedge funds own 53.59% of the company’s stock.

Analyst Upgrades and Downgrades

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

Radiant Logistics Price Performance

Shares of Radiant Logistics stock opened at $7.22 on Friday. Radiant Logistics, Inc. has a 12-month low of $4.83 and a 12-month high of $7.54. The stock has a market capitalization of $338.76 million, a price-to-earnings ratio of 42.47 and a beta of 0.84.

Radiant Logistics (NYSEAMERICAN:RLGT) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. Radiant Logistics had a net margin of 1.06% and a return on equity of 11.48%. The business had revenue of $203.57 million for the quarter.

Insiders Place Their Bets

In other Radiant Logistics news, insider Arnold Goldstein sold 10,584 shares of the business’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $6.41, for a total value of $67,843.44. Following the completion of the transaction, the insider now directly owns 12,277 shares in the company, valued at approximately $78,695.57. The trade was a 46.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 24.60% of the stock is currently owned by company insiders.

Radiant Logistics 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.