JPMorgan Chase & Co. Sells 3,617 Shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

JPMorgan Chase & Co. reduced its position in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) by 0.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 696,226 shares of the company’s stock after selling 3,617 shares during the period. JPMorgan Chase & Co. owned approximately 1.48% of Radiant Logistics worth $4,477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in shares of Radiant Logistics by 15.9% in the third quarter. Geode Capital Management LLC now owns 896,878 shares of the company’s stock worth $5,768,000 after purchasing an additional 123,198 shares in the last quarter. Royce & Associates LP lifted its holdings in shares of Radiant Logistics by 15.4% in the 3rd quarter. Royce & Associates LP now owns 1,748,216 shares of the company’s stock valued at $11,241,000 after acquiring an additional 233,244 shares during the last quarter. State Street Corp raised its holdings in Radiant Logistics by 0.9% during the 3rd quarter. State Street Corp now owns 739,594 shares of the company’s stock valued at $4,756,000 after buying an additional 6,655 shares during the period. Barclays PLC boosted its stake 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. Finally, FMR LLC raised its holdings in shares of Radiant Logistics by 877.2% in the third quarter. FMR LLC now owns 1,490,354 shares of the company’s stock worth $9,583,000 after buying an additional 1,337,841 shares during the period. 53.59% of the stock is owned by hedge funds and other institutional investors.

Radiant Logistics Stock Up 2.1 %

Shares of RLGT opened at $6.95 on Friday. The firm has a market cap of $326.09 million, a PE ratio of 40.88 and a beta of 0.88. Radiant Logistics, Inc. has a 12-month low of $4.83 and a 12-month high of $7.78.

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, beating the consensus estimate 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.