Nuveen LLC Buys New Stake in Radiant Logistics, Inc. $RLGT

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 shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 109,617 shares of the company's stock, valued at approximately $674,000. Nuveen LLC owned 0.23% of Radiant Logistics as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RLGT. Dimensional Fund Advisors LP raised its position in Radiant Logistics by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,006,978 shares of the company's stock worth $20,147,000 after acquiring an additional 40,666 shares during the period. Royce & Associates LP raised its position in Radiant Logistics by 4.9% in the first quarter. Royce & Associates LP now owns 2,376,764 shares of the company's stock worth $14,617,000 after acquiring an additional 110,086 shares during the period. Bridgeway Capital Management LLC raised its position in Radiant Logistics by 1.6% in the fourth quarter. Bridgeway Capital Management LLC now owns 449,355 shares of the company's stock worth $3,011,000 after acquiring an additional 7,132 shares during the period. Bank of America Corp DE raised its position in Radiant Logistics by 8.3% in the fourth quarter. Bank of America Corp DE now owns 396,668 shares of the company's stock worth $2,658,000 after acquiring an additional 30,305 shares during the period. Finally, Northern Trust Corp raised its position in 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 acquiring an additional 44,844 shares during the period. Institutional investors own 53.59% of the company's stock.

Insider Activity

In other news, CFO Todd Macomber sold 25,000 shares of the 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 sale, the chief financial officer directly owned 156,704 shares of the company's stock, valued at $963,729.60. This represents a 13.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 24.60% of the stock is currently owned by company insiders.

Radiant Logistics Stock Performance

RLGT traded down $0.16 during trading on Tuesday, hitting $6.29. The company's stock had a trading volume of 9,760 shares, compared to its average volume of 150,404. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. Radiant Logistics, Inc. has a one year low of $5.44 and a one year high of $7.94. The firm has a market cap of $296.27 million, a PE ratio of 17.95 and a beta of 0.80. The business's 50 day simple moving average is $6.16 and its 200-day simple moving average is $6.19.

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.