AQR Capital Management LLC Purchases New Shares in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

AQR Capital Management LLC purchased a new stake in shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 25,407 shares of the company’s stock, valued at approximately $145,000. AQR Capital Management LLC owned approximately 0.05% of Radiant Logistics at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Lord Abbett & CO. LLC boosted its stake in Radiant Logistics by 26.3% during the 1st quarter. Lord Abbett & CO. LLC now owns 1,099,874 shares of the company’s stock valued at $5,961,000 after acquiring an additional 228,828 shares during the last quarter. Wasatch Advisors LP boosted its stake in Radiant Logistics by 10.7% during the 1st quarter. Wasatch Advisors LP now owns 1,205,550 shares of the company’s stock valued at $6,534,000 after acquiring an additional 116,340 shares during the last quarter. CM Management LLC boosted its stake in Radiant Logistics by 6.9% during the 2nd quarter. CM Management LLC now owns 775,000 shares of the company’s stock valued at $4,410,000 after acquiring an additional 50,000 shares during the last quarter. Legato Capital Management LLC boosted its stake in Radiant Logistics by 237.1% during the 2nd quarter. Legato Capital Management LLC now owns 40,162 shares of the company’s stock valued at $229,000 after acquiring an additional 28,248 shares during the last quarter. Finally, Empowered Funds LLC lifted its position in shares of Radiant Logistics by 18.2% in the 1st quarter. Empowered Funds LLC now owns 180,881 shares of the company’s stock worth $980,000 after buying an additional 27,817 shares during the last quarter. 53.59% of the stock is owned by institutional investors and hedge funds.

Radiant Logistics Stock Performance

Radiant Logistics stock opened at $6.67 on Friday. The stock has a market cap of $312.42 million, a price-to-earnings ratio of 44.47 and a beta of 0.84. Radiant Logistics, Inc. has a 52 week low of $4.83 and a 52 week high of $7.10.

Radiant Logistics (NYSEAMERICAN:RLGT) last announced its quarterly earnings data on Thursday, September 12th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.03. The company had revenue of $206.03 million for the quarter. Radiant Logistics had a net margin of 0.96% and a return on equity of 10.91%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Radiant Logistics from a “hold” rating to a “buy” rating in a research report on Friday, August 30th.

Insider Transactions at Radiant Logistics

In other Radiant Logistics news, insider Arnold Goldstein sold 10,584 shares of the firm’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $6.41, for a total value of $67,843.44. Following the completion of the transaction, the insider now directly owns 12,277 shares in the company, valued at $78,695.57. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 24.60% of the company’s stock.

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.