Northern Trust Corp lifted its stake in shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT - Free Report) by 14.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 350,243 shares of the company's stock after acquiring an additional 44,844 shares during the quarter. Northern Trust Corp owned approximately 0.75% of Radiant Logistics worth $2,347,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of RLGT. Royce & Associates LP raised its position in Radiant Logistics by 29.7% during the fourth quarter. Royce & Associates LP now owns 2,266,678 shares of the company's stock worth $15,187,000 after acquiring an additional 518,462 shares during the period. Vanguard Group Inc. grew its position in Radiant Logistics by 7.5% in the fourth quarter. Vanguard Group Inc. now owns 2,565,216 shares of the company's stock worth $17,187,000 after acquiring an additional 177,990 shares during the period. Dimensional Fund Advisors LP raised its holdings in Radiant Logistics by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,006,978 shares of the company's stock valued at $20,147,000 after buying an additional 40,666 shares during the period. Bailard Inc. acquired a new position in Radiant Logistics during the fourth quarter worth $153,000. Finally, Barclays PLC increased its stake in Radiant Logistics by 16.0% during the 4th quarter. Barclays PLC now owns 100,748 shares of the company's stock worth $675,000 after buying an additional 13,906 shares during the period. 53.59% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Separately, Wall Street Zen lowered Radiant Logistics from a "strong-buy" rating to a "buy" rating in a research report on Thursday, April 10th.
Get Our Latest Analysis on Radiant Logistics
Radiant Logistics Price Performance
NYSEAMERICAN:RLGT traded down $0.03 during trading hours on Friday, hitting $5.97. The company's stock had a trading volume of 6,901 shares, compared to its average volume of 131,217. The company has a market capitalization of $280.65 million, a PE ratio of 21.32 and a beta of 0.87. Radiant Logistics, Inc. has a 52-week low of $5.16 and a 52-week high of $7.94. The business's 50-day moving average is $5.98 and its two-hundred day moving average is $6.59. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.41 and a current ratio of 1.41.
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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