The Manufacturers Life Insurance Company Raises Position in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

The Manufacturers Life Insurance Company grew its position in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) by 27.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,255 shares of the company’s stock after purchasing an additional 3,533 shares during the period. The Manufacturers Life Insurance Company’s holdings in Radiant Logistics were worth $92,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD bought a new stake in Radiant Logistics in the first quarter worth about $55,000. Beacon Bridge Wealth Partners LLC purchased a new position in Radiant Logistics in the second quarter valued at approximately $73,000. AQR Capital Management LLC bought a new position in Radiant Logistics during the second quarter valued at $145,000. Hennion & Walsh Asset Management Inc. grew its holdings 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 valued at $198,000 after purchasing an additional 2,699 shares during the period. Finally, Legato Capital Management LLC increased its position in Radiant Logistics by 237.1% in the second quarter. Legato Capital Management LLC now owns 40,162 shares of the company’s stock worth $229,000 after buying an additional 28,248 shares during the last quarter. 53.59% of the stock is owned by institutional investors.

Radiant Logistics Trading Down 1.3 %

NYSEAMERICAN RLGT opened at $6.67 on Monday. Radiant Logistics, Inc. has a twelve month low of $4.83 and a twelve month high of $7.10. 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 (NYSEAMERICAN:RLGT) last posted its quarterly earnings results on Thursday, September 12th. The company reported $0.14 EPS for the quarter, topping 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.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Radiant Logistics

In related news, insider Arnold Goldstein sold 10,584 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $6.41, for a total transaction of $67,843.44. Following the completion of the transaction, the insider now owns 12,277 shares in the company, valued at $78,695.57. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 24.60% of the company’s stock.

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.