McGowan Group Asset Management Inc. Acquires New Holdings in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

McGowan Group Asset Management Inc. purchased a new position in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 100,000 shares of the company's stock, valued at approximately $670,000. McGowan Group Asset Management Inc. owned approximately 0.21% of Radiant Logistics at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. EP Wealth Advisors LLC bought a new stake in Radiant Logistics during the fourth quarter valued at approximately $67,000. Price T Rowe Associates Inc. MD raised its holdings in Radiant Logistics by 19.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,523 shares of the company's stock valued at $91,000 after buying an additional 2,201 shares during the period. SG Americas Securities LLC grew its holdings in Radiant Logistics by 20.2% during the 4th quarter. SG Americas Securities LLC now owns 14,809 shares of the company's stock valued at $99,000 after purchasing an additional 2,492 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in Radiant Logistics by 103.8% during 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. Finally, Bailard Inc. purchased a new position in Radiant Logistics in the 4th quarter worth about $153,000. Institutional investors own 53.59% of the company's stock.

Radiant Logistics Stock Performance

NYSEAMERICAN:RLGT opened at $6.19 on Tuesday. The firm's 50 day moving average is $6.05 and its two-hundred day moving average is $6.61. The company has a market cap of $290.99 million, a P/E ratio of 22.11 and a beta of 0.87. Radiant Logistics, Inc. has a fifty-two week low of $4.93 and a fifty-two week 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.

Insider Buying and Selling

In other news, CFO Todd Macomber sold 30,000 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $7.58, for a total transaction of $227,400.00. Following the sale, the chief financial officer now directly owns 181,704 shares in the company, valued at approximately $1,377,316.32. The trade was a 14.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 24.60% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Radiant Logistics from a "strong-buy" rating to a "buy" rating in a research note on Thursday, April 10th.

Radiant Logistics 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.

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