JPMorgan Chase & Co. Decreases Stock Holdings in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

JPMorgan Chase & Co. trimmed its holdings in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT - Free Report) by 15.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 587,001 shares of the company's stock after selling 109,225 shares during the quarter. JPMorgan Chase & Co. owned about 1.25% of Radiant Logistics worth $3,933,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Geode Capital Management LLC increased its holdings in shares of Radiant Logistics by 15.9% during the third quarter. Geode Capital Management LLC now owns 896,878 shares of the company's stock valued at $5,768,000 after acquiring an additional 123,198 shares in the last quarter. State Street Corp increased its stake in Radiant Logistics by 0.9% during the 3rd quarter. State Street Corp now owns 739,594 shares of the company's stock valued at $4,756,000 after purchasing an additional 6,655 shares in the last quarter. Barclays PLC increased its stake in Radiant Logistics by 60.0% during the 3rd quarter. Barclays PLC now owns 86,842 shares of the company's stock valued at $558,000 after purchasing an additional 32,556 shares in the last quarter. SG Americas Securities LLC raised its holdings in Radiant Logistics by 20.2% in the fourth quarter. SG Americas Securities LLC now owns 14,809 shares of the company's stock worth $99,000 after buying an additional 2,492 shares during the last quarter. Finally, Empowered Funds LLC lifted its stake in shares of Radiant Logistics by 5.1% in the fourth quarter. Empowered Funds LLC now owns 215,905 shares of the company's stock worth $1,447,000 after buying an additional 10,532 shares in the last quarter. 53.59% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Radiant Logistics

In other Radiant Logistics 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 transaction, the chief financial officer now directly owns 181,704 shares in the company, valued at approximately $1,377,316.32. This trade represents a 14.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 24.60% of the company's stock.

Wall Street Analyst Weigh In

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

Radiant Logistics Stock Performance

RLGT stock traded down $0.20 on Friday, hitting $5.88. The company had a trading volume of 10,870 shares, compared to its average volume of 126,867. The stock has a market cap of $276.42 million, a price-to-earnings ratio of 21.00 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 stock's 50-day simple moving average is $6.33 and its 200 day simple moving average is $6.65. Radiant Logistics, Inc. has a 12-month low of $4.83 and a 12-month high of $7.94.

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.