Meros Investment Management LP Sells 135,125 Shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

Meros Investment Management LP cut its stake in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT - Free Report) by 16.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 678,040 shares of the company's stock after selling 135,125 shares during the period. Radiant Logistics comprises approximately 2.1% of Meros Investment Management LP's holdings, making the stock its 25th largest holding. Meros Investment Management LP owned approximately 1.45% of Radiant Logistics worth $4,543,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Royce & Associates LP grew its position in Radiant Logistics by 29.7% during the 4th quarter. Royce & Associates LP now owns 2,266,678 shares of the company's stock worth $15,187,000 after acquiring an additional 518,462 shares during the last quarter. Vanguard Group Inc. boosted its stake in Radiant Logistics by 7.5% in the fourth 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 in the last quarter. Northern Trust Corp boosted its stake in Radiant Logistics by 14.7% in the fourth quarter. Northern Trust Corp now owns 350,243 shares of the company's stock worth $2,347,000 after purchasing an additional 44,844 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Radiant Logistics by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,006,978 shares of the company's stock worth $20,147,000 after purchasing an additional 40,666 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of Radiant Logistics by 60.0% in the third quarter. Barclays PLC now owns 86,842 shares of the company's stock valued at $558,000 after buying an additional 32,556 shares in the last quarter. Institutional investors own 53.59% of the company's stock.

Insider Buying and Selling

In related news, CFO Todd Macomber sold 30,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $7.58, for a total value of $227,400.00. Following the sale, the chief financial officer now directly owns 181,704 shares in the company, valued at $1,377,316.32. This trade represents a 14.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 24.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered 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 $0.01 during midday trading on Friday, reaching $6.19. The company had a trading volume of 503,580 shares, compared to its average volume of 128,295. The stock has a fifty day simple moving average of $6.04 and a 200 day simple moving average of $6.61. Radiant Logistics, Inc. has a 1-year low of $5.11 and a 1-year high of $7.94. 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 company has a market capitalization of $290.99 million, a price-to-earnings ratio of 22.11 and a beta of 0.87.

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.