109,617 Shares in Radiant Logistics, Inc. $RLGT Purchased by Nuveen LLC

Key Points

• Nuveen LLC has made a new investment of approximately $674,000 in Radiant Logistics, acquiring 109,617 shares, which represents a 0.23% ownership stake in the company.
• Recent trading activity includes CFO Todd Macomber selling 25,000 shares of the company's stock for about $153,750, reducing his ownership by 13.76%.
• Radiant Logistics has a market capitalization of $296.98 million and has seen its stock price fluctuate between a 12-month low of $5.44 and a high of $7.94.

Nuveen LLC acquired a new stake in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 109,617 shares of the company's stock, valued at approximately $674,000. Nuveen LLC owned about 0.23% of Radiant Logistics as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Two Sigma Investments LP boosted its position in Radiant Logistics by 78.6% during 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. Bank of America Corp DE grew its holdings in shares of Radiant Logistics by 8.3% in the 4th quarter. Bank of America Corp DE now owns 396,668 shares of the company's stock valued at $2,658,000 after acquiring an additional 30,305 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Radiant Logistics during the first quarter worth approximately $125,000. Deutsche Bank AG raised its position in Radiant Logistics by 47.4% during the fourth quarter. Deutsche Bank AG now owns 43,310 shares of the company's stock valued at $290,000 after purchasing an additional 13,923 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Radiant Logistics by 14.7% in the fourth quarter. Northern Trust Corp now owns 350,243 shares of the company's stock worth $2,347,000 after purchasing an additional 44,844 shares during the last quarter. Institutional investors and hedge funds own 53.59% of the company's stock.

Radiant Logistics Trading Down 1.0%

RLGT traded down $0.07 during trading on Monday, reaching $6.40. 36,790 shares of the stock traded hands, compared to its average volume of 150,888. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. The stock's 50-day moving average is $6.15 and its 200 day moving average is $6.19. Radiant Logistics, Inc. has a 12 month low of $5.44 and a 12 month high of $7.94. The stock has a market capitalization of $301.46 million, a PE ratio of 18.27 and a beta of 0.80.

Insider Buying and Selling

In other news, CFO Todd Macomber sold 25,000 shares of the firm's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $6.15, for a total transaction of $153,750.00. Following the sale, the chief financial officer owned 156,704 shares in the company, valued at approximately $963,729.60. This trade represents a 13.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 24.60% of the company's stock.

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.