American Century Companies Inc. reduced its stake in shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT - Free Report) by 16.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 273,316 shares of the company's stock after selling 53,447 shares during the period. American Century Companies Inc. owned approximately 0.58% of Radiant Logistics worth $1,681,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. ProShare Advisors LLC acquired a new stake in shares of Radiant Logistics during the fourth quarter worth $67,000. EP Wealth Advisors LLC purchased a new position in shares of Radiant Logistics during the fourth quarter worth $67,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Radiant Logistics by 19.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,523 shares of the company's stock worth $91,000 after purchasing an additional 2,201 shares during the last quarter. XTX Topco Ltd purchased a new position in Radiant Logistics in the first quarter valued at $125,000. Finally, MetLife Investment Management LLC increased its holdings in Radiant Logistics by 103.8% in the fourth quarter. MetLife Investment Management LLC now owns 22,047 shares of the company's stock valued at $148,000 after buying an additional 11,227 shares in the last quarter. 53.59% of the stock is currently owned by institutional investors and hedge funds.
Radiant Logistics Stock Performance
RLGT traded down $0.01 on Friday, reaching $6.46. The stock had a trading volume of 44,983 shares, compared to its average volume of 81,788. Radiant Logistics, Inc. has a 12-month low of $5.44 and a 12-month high of $7.94. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.07. The business's 50-day moving average price is $6.15 and its two-hundred day moving average price is $6.19. The company has a market cap of $304.52 million, a P/E ratio of 18.46 and a beta of 0.80.
Insiders Place Their Bets
In other Radiant Logistics news, CFO Todd Macomber sold 25,000 shares of Radiant Logistics stock in a transaction on Friday, June 27th. The shares were sold at an average price of $6.15, for a total value of $153,750.00. Following the completion of the transaction, the chief financial officer owned 156,704 shares of the company's stock, valued at approximately $963,729.60. The trade was a 13.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 24.60% of the company's stock.
Radiant Logistics Company Profile
(
Free Report)
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.
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