Russell Investments Group Ltd. Cuts Holdings in Radiant Logistics, Inc. $RLGT

Key Points

• Russell Investments Group Ltd. decreased its stake in Radiant Logistics by 10.9%, now owning approximately 350,551 shares valued at $2,156,000.
• Several institutional investors have adjusted their holdings, with notable new purchases and stakes lifted, indicating increased interest in the company amidst fluctuating stock performance.
• CFO Todd Macomber sold 25,000 shares at an average price of $6.15, reflecting a 13.76% decrease in his holdings to around 156,704 shares.

Russell Investments Group Ltd. trimmed its stake in shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT - Free Report) by 10.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 350,551 shares of the company's stock after selling 42,760 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.75% of Radiant Logistics worth $2,156,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. ProShare Advisors LLC acquired a new position in Radiant Logistics during the 4th quarter worth approximately $67,000. EP Wealth Advisors LLC acquired a new position in Radiant Logistics during the 4th quarter worth approximately $67,000. Price T Rowe Associates Inc. MD increased its position in Radiant Logistics by 19.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,523 shares of the company's stock valued at $91,000 after acquiring an additional 2,201 shares during the period. XTX Topco Ltd acquired a new position in Radiant Logistics in the 1st quarter valued at approximately $125,000. Finally, MetLife Investment Management LLC increased its position in Radiant Logistics by 103.8% in the 4th quarter. MetLife Investment Management LLC now owns 22,047 shares of the company's stock valued at $148,000 after acquiring an additional 11,227 shares during the period. 53.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Radiant Logistics

In other Radiant Logistics news, CFO Todd Macomber sold 25,000 shares of the company's stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 156,704 shares in the company, valued at approximately $963,729.60. This represents a 13.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 24.60% of the company's stock.

Radiant Logistics Trading Up 0.5%

NYSEAMERICAN RLGT traded up $0.03 on Friday, hitting $6.47. The company's stock had a trading volume of 71,988 shares, compared to its average volume of 82,117. 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 1-year low of $5.44 and a 1-year high of $7.94. The company's 50-day moving average is $6.12 and its 200 day moving average is $6.23. The firm has a market cap of $305.00 million, a PE ratio of 18.49 and a beta of 0.88.

Radiant Logistics Company Profile

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.