EP Wealth Advisors LLC Makes New $67,000 Investment in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

EP Wealth Advisors LLC purchased a new position in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) during the 4th quarter, Holdings Channel reports. The firm purchased 10,054 shares of the company’s stock, valued at approximately $67,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its holdings 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 acquiring an additional 2,201 shares during the period. SG Americas Securities LLC increased its position in Radiant Logistics by 20.2% in the 4th quarter. SG Americas Securities LLC now owns 14,809 shares of the company’s stock valued at $99,000 after acquiring an additional 2,492 shares in the last quarter. MetLife Investment Management LLC increased its position in Radiant Logistics by 103.8% in 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 in the last quarter. Bailard Inc. acquired a new stake in Radiant Logistics in the 4th quarter valued at about $153,000. Finally, Wells Fargo & Company MN grew its position in shares of Radiant Logistics by 16.8% during the 4th quarter. Wells Fargo & Company MN now owns 30,249 shares of the company’s stock worth $203,000 after buying an additional 4,341 shares during the period. 53.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, CFO Todd Macomber sold 30,000 shares of the company’s 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 completion of the transaction, the chief financial officer now owns 181,704 shares in the company, valued at $1,377,316.32. This represents a 14.17% decrease in their ownership of the stock. The transaction was disclosed in a 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 Trading Down 3.3%

Shares of NYSEAMERICAN RLGT opened at $6.20 on Friday. The company’s fifty day moving average is $6.04 and its 200-day moving average is $6.61. The stock has a market cap of $291.46 million, a price-to-earnings ratio of 22.14 and a beta of 0.87. Radiant Logistics, Inc. has a twelve month low of $5.06 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.

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.