First Eagle Investment Management LLC Has $2.91 Million Position in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

First Eagle Investment Management LLC trimmed its holdings in shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) by 2.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 510,784 shares of the company’s stock after selling 13,837 shares during the period. First Eagle Investment Management LLC owned about 1.09% of Radiant Logistics worth $2,906,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD bought a new stake in Radiant Logistics during the first quarter worth $55,000. Beacon Bridge Wealth Partners LLC acquired a new stake in Radiant Logistics in the 2nd quarter valued at about $73,000. Jump Financial LLC bought a new position in Radiant Logistics during the fourth quarter worth about $102,000. Hennion & Walsh Asset Management Inc. increased its position in Radiant Logistics by 8.0% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 36,559 shares of the company’s stock worth $198,000 after buying an additional 2,699 shares during the last quarter. Finally, Legato Capital Management LLC raised its stake in Radiant Logistics by 237.1% in the second quarter. Legato Capital Management LLC now owns 40,162 shares of the company’s stock valued at $229,000 after buying an additional 28,248 shares during the period. Institutional investors and hedge funds own 53.59% of the company’s stock.

Radiant Logistics Stock Down 4.8 %

NYSEAMERICAN:RLGT opened at $6.54 on Friday. The firm has a market cap of $305.42 million, a PE ratio of 59.46 and a beta of 0.84. Radiant Logistics, Inc. has a fifty-two week low of $4.83 and a fifty-two week high of $7.10.

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

Analysts Set New Price Targets

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

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.