Northern Trust Corp lifted its position in shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT - Free Report) by 14.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 350,243 shares of the company's stock after purchasing an additional 44,844 shares during the quarter. Northern Trust Corp owned approximately 0.75% of Radiant Logistics worth $2,347,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of RLGT. Royce & Associates LP raised its position in Radiant Logistics by 29.7% in the 4th quarter. Royce & Associates LP now owns 2,266,678 shares of the company's stock valued at $15,187,000 after purchasing an additional 518,462 shares during the last quarter. Vanguard Group Inc. raised its position in Radiant Logistics by 7.5% in the 4th quarter. Vanguard Group Inc. now owns 2,565,216 shares of the company's stock valued at $17,187,000 after purchasing an additional 177,990 shares during the last quarter. Dimensional Fund Advisors LP raised its position 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 purchasing an additional 40,666 shares during the last quarter. Bailard Inc. bought a new position in Radiant Logistics in the 4th quarter valued at $153,000. Finally, Barclays PLC raised its position in Radiant Logistics by 16.0% in the 4th quarter. Barclays PLC now owns 100,748 shares of the company's stock valued at $675,000 after purchasing an additional 13,906 shares during the last quarter. Institutional investors own 53.59% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen downgraded Radiant Logistics from a "strong-buy" rating to a "buy" rating in a research report on Thursday, April 10th.
Check Out Our Latest Stock Report on Radiant Logistics
Radiant Logistics Price Performance
RLGT traded up $0.01 during trading on Thursday, hitting $6.01. The company's stock had a trading volume of 34,721 shares, compared to its average volume of 131,294. The stock has a market capitalization of $282.39 million, a price-to-earnings ratio of 21.45 and a beta of 0.87. Radiant Logistics, Inc. has a 12 month low of $5.14 and a 12 month high of $7.94. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.01. The firm's 50 day moving average price is $5.99 and its two-hundred day moving average price is $6.59.
Radiant Logistics 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.
Featured Articles
Before you consider Radiant Logistics, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Radiant Logistics wasn't on the list.
While Radiant Logistics currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
