Legato Capital Management LLC Sells 1,612 Shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

Legato Capital Management LLC lowered its position in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) by 3.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 39,722 shares of the company’s stock after selling 1,612 shares during the quarter. Legato Capital Management LLC’s holdings in Radiant Logistics were worth $266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Royce & Associates LP grew its holdings in Radiant Logistics by 15.4% during the third quarter. Royce & Associates LP now owns 1,748,216 shares of the company’s stock valued at $11,241,000 after purchasing an additional 233,244 shares during the period. FMR LLC grew its holdings in Radiant Logistics by 877.2% during the third quarter. FMR LLC now owns 1,490,354 shares of the company’s stock valued at $9,583,000 after purchasing an additional 1,337,841 shares during the period. Geode Capital Management LLC grew its holdings in 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 purchasing an additional 123,198 shares during the period. State Street Corp grew its holdings in Radiant Logistics by 0.9% during the third 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 during the period. Finally, Empowered Funds LLC grew its holdings in Radiant Logistics by 5.1% during the fourth quarter. Empowered Funds LLC now owns 215,905 shares of the company’s stock valued at $1,447,000 after purchasing an additional 10,532 shares during the period. Institutional investors own 53.59% of the company’s stock.

Radiant Logistics Price Performance

NYSEAMERICAN:RLGT opened at $7.30 on Friday. Radiant Logistics, Inc. has a 52-week low of $4.83 and a 52-week high of $7.94. The stock has a market cap of $342.52 million, a price-to-earnings ratio of 42.94 and a beta of 0.87.

Radiant Logistics (NYSEAMERICAN:RLGT) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $203.57 million during the quarter. Radiant Logistics had a return on equity of 11.48% and a net margin of 1.06%.

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.