Ancora Advisors LLC Sells 3,000 Shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

Ancora Advisors LLC reduced its stake in shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) by 41.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,200 shares of the company’s stock after selling 3,000 shares during the period. Ancora Advisors LLC’s holdings in Radiant Logistics were worth $28,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Northern Trust Corp raised its position in Radiant Logistics by 14.7% during the fourth quarter. Northern Trust Corp now owns 350,243 shares of the company’s stock valued at $2,347,000 after purchasing an additional 44,844 shares in the last quarter. RBF Capital LLC raised its holdings in shares of Radiant Logistics by 5.4% during the 4th quarter. RBF Capital LLC now owns 53,932 shares of the company’s stock worth $361,000 after buying an additional 2,751 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of 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 worth $91,000 after buying an additional 2,201 shares during the last quarter. Hsbc Holdings PLC boosted its stake in Radiant Logistics by 6.4% in the fourth quarter. Hsbc Holdings PLC now owns 69,928 shares of the company’s stock valued at $473,000 after buying an additional 4,187 shares in the last quarter. Finally, MetLife Investment Management LLC grew its position in Radiant Logistics by 103.8% in the fourth 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 last quarter. Institutional investors own 53.59% of the company’s stock.

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.

Insider Activity

In other news, CFO Todd Macomber sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $7.58, for a total transaction of $227,400.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 24.60% of the company’s stock.

Radiant Logistics Trading Up 1.2 %

NYSEAMERICAN RLGT opened at $6.03 on Friday. The company has a market cap of $283.47 million, a price-to-earnings ratio of 21.54 and a beta of 0.87. Radiant Logistics, Inc. has a twelve month low of $4.83 and a twelve month 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. The business’s fifty day moving average is $6.08 and its 200 day moving average is $6.62.

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.