American Century Companies Inc. trimmed its holdings in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT - Free Report) by 16.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 273,316 shares of the company's stock after selling 53,447 shares during the quarter. American Century Companies Inc. owned 0.58% of Radiant Logistics worth $1,681,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the business. Nuveen LLC purchased a new stake in Radiant Logistics in the first quarter valued at $674,000. XTX Topco Ltd purchased a new stake in Radiant Logistics in the first quarter valued at $125,000. Royce & Associates LP boosted its holdings in Radiant Logistics by 4.9% in the first quarter. Royce & Associates LP now owns 2,376,764 shares of the company's stock valued at $14,617,000 after purchasing an additional 110,086 shares during the last quarter. Two Sigma Investments LP boosted its holdings in Radiant Logistics by 78.6% in the fourth quarter. Two Sigma Investments LP now owns 51,919 shares of the company's stock valued at $348,000 after purchasing an additional 22,856 shares during the last quarter. Finally, ProShare Advisors LLC purchased a new stake in Radiant Logistics in the fourth quarter valued at $67,000. 53.59% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Radiant Logistics
In other Radiant Logistics news, CFO Todd Macomber sold 25,000 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $963,729.60. This represents a 13.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 24.60% of the company's stock.
Radiant Logistics Stock Performance
NYSEAMERICAN:RLGT traded down $0.01 during mid-day trading on Friday, hitting $6.46. The company's stock had a trading volume of 44,983 shares, compared to its average volume of 81,426. The business's fifty day moving average is $6.15 and its two-hundred day moving average is $6.20. The stock has a market cap of $304.52 million, a price-to-earnings ratio of 18.46 and a beta of 0.80. Radiant Logistics, Inc. has a 1 year low of $5.44 and a 1 year high of $7.94. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.49.
Radiant Logistics Company Profile
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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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