Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) Shares Purchased by First Eagle Investment Management LLC

First Eagle Investment Management LLC raised its stake in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) by 1.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 516,801 shares of the company’s stock after buying an additional 6,517 shares during the period. First Eagle Investment Management LLC’s holdings in Radiant Logistics were worth $3,463,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in RLGT. SG Americas Securities LLC grew its holdings 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 buying an additional 2,492 shares in the last quarter. Bailard Inc. purchased a new stake in Radiant Logistics in the 4th quarter valued at $153,000. Rhumbline Advisers grew its holdings in shares of Radiant Logistics by 2.7% during the 4th quarter. Rhumbline Advisers now owns 54,718 shares of the company’s stock worth $367,000 after purchasing an additional 1,415 shares during the period. Seizert Capital Partners LLC grew its holdings in shares of Radiant Logistics by 30.2% during 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 period. Finally, Barclays PLC grew its holdings in shares of Radiant Logistics by 60.0% during the 3rd quarter. Barclays PLC now owns 86,842 shares of the company’s stock worth $558,000 after purchasing an additional 32,556 shares during the period. 53.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Radiant Logistics

In related 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 24.60% of the company’s stock.

Radiant Logistics Trading Up 1.0 %

NYSEAMERICAN RLGT opened at $6.37 on Friday. The stock has a market cap of $299.45 million, a PE ratio of 22.75 and a beta of 0.87. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.01. Radiant Logistics, Inc. has a twelve month low of $4.83 and a twelve month high of $7.94. The business’s fifty day simple moving average is $6.88.

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.