Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its position in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) by 22.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 109,019 shares of the company’s stock after selling 32,087 shares during the period. Bank of New York Mellon Corp’s holdings in Radiant Logistics were worth $730,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RLGT. Geode Capital Management LLC lifted its holdings in shares of Radiant Logistics by 15.9% in the third quarter. Geode Capital Management LLC now owns 896,878 shares of the company’s stock valued at $5,768,000 after purchasing an additional 123,198 shares in the last quarter. State Street Corp increased its stake in shares of Radiant Logistics by 0.9% during the 3rd quarter. State Street Corp now owns 739,594 shares of the company’s stock worth $4,756,000 after purchasing an additional 6,655 shares in the last quarter. Barclays PLC raised its position in shares of Radiant Logistics by 60.0% during the 3rd quarter. Barclays PLC now owns 86,842 shares of the company’s stock worth $558,000 after purchasing an additional 32,556 shares during the last quarter. FMR LLC lifted its stake in Radiant Logistics by 877.2% in the 3rd quarter. FMR LLC now owns 1,490,354 shares of the company’s stock valued at $9,583,000 after buying an additional 1,337,841 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in Radiant Logistics by 20.2% in the 4th quarter. SG Americas Securities LLC now owns 14,809 shares of the company’s stock valued at $99,000 after buying an additional 2,492 shares in the last quarter. 53.59% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Radiant Logistics

In other Radiant Logistics news, CFO Todd Macomber sold 30,000 shares of Radiant Logistics stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $7.58, for a total value of $227,400.00. Following the completion of the sale, the chief financial officer now directly owns 181,704 shares of the company’s stock, valued at approximately $1,377,316.32. The trade was a 14.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 24.60% of the company’s stock.

Radiant Logistics Stock Performance

Radiant Logistics stock opened at $6.17 on Thursday. Radiant Logistics, Inc. has a fifty-two week low of $4.83 and a fifty-two week high of $7.94. The stock has a market capitalization of $290.05 million, a P/E ratio of 22.04 and a beta of 0.87. The business’s fifty day moving average is $6.82. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.01.

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.