Wellington Management Group LLP Decreases Stake in Radiant Logistics, Inc. $RLGT

Key Points

• Wellington Management Group LLP reduced its stake in Radiant Logistics by 11.2%, owning 846,098 shares worth approximately $5.2 million after selling 106,200 shares in the first quarter.
• Other institutional investors, including Dimensional Fund Advisors and Royce & Associates, increased their positions in Radiant Logistics, indicating ongoing interest in the company.
• Radiant Logistics stock is currently trading at $6.47, with a 12-month range between $5.44 and $7.94 and a market cap of $305 million.

Wellington Management Group LLP lowered its position in shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT - Free Report) by 11.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 846,098 shares of the company's stock after selling 106,200 shares during the period. Wellington Management Group LLP owned approximately 1.80% of Radiant Logistics worth $5,204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Two Sigma Investments LP increased its stake in Radiant Logistics by 78.6% during the fourth quarter. Two Sigma Investments LP now owns 51,919 shares of the company's stock worth $348,000 after acquiring 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% during the 4th quarter. Bank of America Corp DE now owns 396,668 shares of the company's stock worth $2,658,000 after purchasing an additional 30,305 shares during the period. XTX Topco Ltd acquired a new stake in shares of Radiant Logistics during the 1st quarter worth about $125,000. Deutsche Bank AG raised its holdings in Radiant Logistics by 47.4% in the 4th quarter. Deutsche Bank AG now owns 43,310 shares of the company's stock valued at $290,000 after buying an additional 13,923 shares during the period. Finally, Northern Trust Corp raised its holdings in Radiant Logistics by 14.7% in the 4th quarter. Northern Trust Corp now owns 350,243 shares of the company's stock valued at $2,347,000 after buying an additional 44,844 shares during the period. Hedge funds and other institutional investors own 53.59% of the company's stock.

Insiders Place Their Bets

In other Radiant Logistics news, CFO Todd Macomber sold 25,000 shares of the business's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $6.15, for a total value of $153,750.00. Following the sale, the chief financial officer owned 156,704 shares of the company's stock, valued at $963,729.60. The trade was a 13.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 24.60% of the company's stock.

Radiant Logistics Trading Up 2.7%

RLGT stock traded up $0.17 during mid-day trading on Thursday, hitting $6.47. 84,704 shares of the company were exchanged, compared to its average volume of 81,801. Radiant Logistics, Inc. has a 12-month low of $5.44 and a 12-month high of $7.94. The firm has a market capitalization of $305.00 million, a P/E ratio of 18.49 and a beta of 0.80. The business has a fifty day simple moving average of $6.15 and a 200-day simple moving average of $6.21. 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 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.