Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) Shares Sold by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC decreased its position in shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) by 25.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,839 shares of the company’s stock after selling 3,981 shares during the period. Integrated Wealth Concepts LLC’s holdings in Radiant Logistics were worth $76,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Hsbc Holdings PLC increased its holdings in Radiant Logistics by 2.6% during the 2nd quarter. Hsbc Holdings PLC now owns 68,131 shares of the company’s stock worth $384,000 after purchasing an additional 1,722 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Radiant Logistics by 27.8% during the second quarter. The Manufacturers Life Insurance Company now owns 16,255 shares of the company’s stock worth $92,000 after buying an additional 3,533 shares during the period. Price T Rowe Associates Inc. MD acquired a new stake in Radiant Logistics in the first quarter valued at approximately $55,000. Empowered Funds LLC lifted its stake in Radiant Logistics by 5.4% in the third quarter. Empowered Funds LLC now owns 205,373 shares of the company’s stock worth $1,321,000 after acquiring an additional 10,452 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Radiant Logistics during the 3rd quarter worth approximately $79,000. 53.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Radiant Logistics news, insider Arnold Goldstein sold 10,584 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 12,277 shares in the company, valued at approximately $78,695.57. The trade was a 46.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 24.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

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 Stock Down 1.3 %

Shares of NYSEAMERICAN RLGT opened at $7.08 on Friday. Radiant Logistics, Inc. has a 1 year low of $4.83 and a 1 year high of $7.78. The stock has a market cap of $332.19 million, a price-to-earnings ratio of 41.65 and a beta of 0.86.

Radiant Logistics (NYSEAMERICAN:RLGT) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Radiant Logistics had a return on equity of 11.48% and a net margin of 1.06%. The firm had revenue of $203.57 million during the quarter.

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.