Todd Macomber Sells 30,000 Shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) Stock

Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) CFO Todd Macomber sold 30,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were 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 owns 181,704 shares in the company, valued at $1,377,316.32. The trade was a 14.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Radiant Logistics Trading Down 4.0 %

NYSEAMERICAN:RLGT opened at $6.90 on Friday. Radiant Logistics, Inc. has a 1 year low of $4.83 and a 1 year high of $7.94. 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 firm has a market capitalization of $324.37 million, a P/E ratio of 24.64 and a beta of 0.87.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in Radiant Logistics in the 3rd quarter worth $79,000. Royce & Associates LP grew its position in Radiant Logistics by 15.4% in the 3rd quarter. Royce & Associates LP now owns 1,748,216 shares of the company’s stock worth $11,241,000 after purchasing an additional 233,244 shares during the last quarter. Empowered Funds LLC grew its position in Radiant Logistics by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 205,373 shares of the company’s stock worth $1,321,000 after purchasing an additional 10,452 shares during the last quarter. Seizert Capital Partners LLC grew its position in Radiant Logistics by 30.2% in the 3rd quarter. Seizert Capital Partners LLC now owns 58,408 shares of the company’s stock worth $376,000 after purchasing an additional 13,540 shares during the last quarter. Finally, FMR LLC grew its position in Radiant Logistics by 877.2% in the 3rd quarter. FMR LLC now owns 1,490,354 shares of the company’s stock worth $9,583,000 after purchasing an additional 1,337,841 shares during the last quarter. 53.59% of the stock is currently owned by institutional investors and hedge funds.

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.