Charles Schwab Investment Management Inc. Has $655,000 Holdings in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

Charles Schwab Investment Management Inc. trimmed its holdings in shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) by 19.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,895 shares of the company’s stock after selling 24,216 shares during the period. Charles Schwab Investment Management Inc. owned 0.22% of Radiant Logistics worth $655,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Royce & Associates LP raised its position in Radiant Logistics by 15.4% in the 3rd quarter. Royce & Associates LP now owns 1,748,216 shares of the company’s stock worth $11,241,000 after purchasing an additional 233,244 shares during the last quarter. CM Management LLC grew its position in shares of Radiant Logistics by 6.9% during the 2nd quarter. CM Management LLC now owns 775,000 shares of the company’s stock worth $4,410,000 after buying an additional 50,000 shares during the period. Legato Capital Management LLC raised its stake in shares of Radiant Logistics by 237.1% during 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. AQR Capital Management LLC acquired a new position in Radiant Logistics in the second quarter valued at approximately $145,000. Finally, Meros Investment Management LP boosted its stake in Radiant Logistics by 1.7% in the second quarter. Meros Investment Management LP now owns 1,154,390 shares of the company’s stock valued at $6,568,000 after acquiring an additional 19,306 shares during the last quarter. Institutional investors own 53.59% of the company’s stock.

Analysts Set New Price Targets

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 Buying and Selling

In other 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 value of $67,843.44. Following the transaction, the insider now owns 12,277 shares of the company’s stock, valued at approximately $78,695.57. This represents a 46.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 24.60% of the stock is owned by insiders.

Radiant Logistics Stock Performance

NYSEAMERICAN RLGT opened at $6.36 on Thursday. The company has a market capitalization of $298.41 million, a PE ratio of 37.41 and a beta of 0.86. 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 earnings results on Tuesday, November 12th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. The business had revenue of $203.57 million for the quarter. Radiant Logistics had a return on equity of 11.48% and a net margin of 1.06%.

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.