Wellington Management Group LLP Decreases Stock Holdings in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

Wellington Management Group LLP lessened its holdings in shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT - Free Report) by 11.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 952,298 shares of the company's stock after selling 128,195 shares during the quarter. Wellington Management Group LLP owned 2.03% of Radiant Logistics worth $6,380,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of 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. Vanguard Group Inc. increased its stake in shares of Radiant Logistics by 7.5% during the 4th quarter. Vanguard Group Inc. now owns 2,565,216 shares of the company's stock worth $17,187,000 after purchasing an additional 177,990 shares during the last quarter. Royce & Associates LP raised its holdings in shares of Radiant Logistics by 29.7% in the 4th quarter. Royce & Associates LP now owns 2,266,678 shares of the company's stock worth $15,187,000 after purchasing an additional 518,462 shares during the period. First Eagle Investment Management LLC lifted its stake in Radiant Logistics by 1.3% in the fourth quarter. First Eagle Investment Management LLC now owns 516,801 shares of the company's stock valued at $3,463,000 after purchasing an additional 6,517 shares during the last quarter. Finally, Bridgeway Capital Management LLC lifted its stake in Radiant Logistics by 1.6% in the fourth quarter. Bridgeway Capital Management LLC now owns 449,355 shares of the company's stock valued at $3,011,000 after purchasing an additional 7,132 shares during the last quarter. Institutional investors own 53.59% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of Radiant Logistics from a "strong-buy" rating to a "buy" rating in a report on Thursday, April 10th.

Radiant Logistics Price Performance

Shares of Radiant Logistics stock traded down $0.02 on Friday, reaching $5.90. The stock had a trading volume of 394,608 shares, compared to its average volume of 138,059. Radiant Logistics, Inc. has a 1 year low of $5.20 and a 1 year high of $7.94. The company has a market cap of $277.36 million, a P/E ratio of 21.07 and a beta of 0.87. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.01. The business's 50 day moving average is $5.96 and its two-hundred day moving average is $6.57.

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.