Rhumbline Advisers Has $317,000 Stake in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

Rhumbline Advisers trimmed its position in shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) by 15.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,657 shares of the company’s stock after selling 10,217 shares during the period. Rhumbline Advisers owned approximately 0.12% of Radiant Logistics worth $317,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Lord Abbett & CO. LLC lifted its holdings in shares of Radiant Logistics by 26.3% in the first quarter. Lord Abbett & CO. LLC now owns 1,099,874 shares of the company’s stock worth $5,961,000 after acquiring an additional 228,828 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Radiant Logistics by 8.0% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 36,559 shares of the company’s stock worth $198,000 after acquiring an additional 2,699 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in Radiant Logistics by 17.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 67,087 shares of the company’s stock valued at $445,000 after buying an additional 9,824 shares during the last quarter. Vanguard Group Inc. raised its holdings in 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 buying an additional 13,363 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Radiant Logistics by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,905,214 shares of the company’s stock valued at $19,291,000 after buying an additional 59,435 shares during the last quarter. 53.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Shares of NYSEAMERICAN RLGT opened at $6.43 on Friday. The company has a market capitalization of $300.28 million, a P/E ratio of 14.26 and a beta of 0.84. Radiant Logistics, Inc. has a 1 year low of $4.83 and a 1 year high of $7.10.

Radiant Logistics (NYSEAMERICAN:RLGT) last released its earnings results on Thursday, September 12th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The business had revenue of $206.03 million during 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.