Bridgeway Capital Management LLC Increases Stake in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

Bridgeway Capital Management LLC grew its holdings in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 449,355 shares of the company’s stock after acquiring an additional 7,132 shares during the period. Bridgeway Capital Management LLC owned 0.96% of Radiant Logistics worth $3,011,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of RLGT. Royce & Associates LP boosted its holdings in 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 buying an additional 518,462 shares during the period. Vanguard Group Inc. boosted its stake in shares of 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 acquiring an additional 177,990 shares during the period. Northern Trust Corp grew its position in shares of Radiant Logistics by 14.7% during 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 position 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 in the last quarter. Finally, Barclays PLC raised 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 during the period. Hedge funds and other institutional investors own 53.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Radiant Logistics from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 10th.

Insider Transactions at Radiant Logistics

In related news, CFO Todd Macomber sold 30,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $7.58, for a total value of $227,400.00. Following the completion of the sale, the chief financial officer now directly owns 181,704 shares of the company’s stock, valued at $1,377,316.32. This 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 available through the SEC website. Corporate insiders own 24.60% of the company’s stock.

Radiant Logistics Price Performance

RLGT stock opened at $6.03 on Friday. Radiant Logistics, Inc. has a 52 week low of $4.83 and a 52 week high of $7.94. The firm has a market capitalization of $283.47 million, a P/E ratio of 21.54 and a beta of 0.87. The company has a fifty day simple moving average of $6.08 and a two-hundred day simple moving average of $6.62. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.01.

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.