Bank of New York Mellon Corp Reduces Position in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

Bank of New York Mellon Corp reduced its position in shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) by 22.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 109,019 shares of the company’s stock after selling 32,087 shares during the period. Bank of New York Mellon Corp owned about 0.23% of Radiant Logistics worth $730,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. FMR LLC boosted its holdings in Radiant Logistics by 877.2% in the third quarter. FMR LLC now owns 1,490,354 shares of the company’s stock valued at $9,583,000 after purchasing an additional 1,337,841 shares in the last quarter. Geode Capital Management LLC raised its holdings in Radiant Logistics by 15.9% during 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. State Street Corp lifted its position in shares of Radiant Logistics by 0.9% during the 3rd quarter. State Street Corp now owns 739,594 shares of the company’s stock worth $4,756,000 after buying an additional 6,655 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Radiant Logistics by 5.1% in the 4th quarter. Empowered Funds LLC now owns 215,905 shares of the company’s stock valued at $1,447,000 after buying an additional 10,532 shares in the last quarter. Finally, Barclays PLC grew its position in shares of Radiant Logistics by 60.0% in the 3rd quarter. Barclays PLC now owns 86,842 shares of the company’s stock valued at $558,000 after buying an additional 32,556 shares during the last quarter. 53.59% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Radiant Logistics

In other Radiant Logistics news, CFO Todd Macomber sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $7.58, for a total transaction of $227,400.00. Following the completion of the sale, the chief financial officer now directly owns 181,704 shares of the company’s stock, valued at $1,377,316.32. This represents a 14.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 24.60% of the stock is owned by insiders.

Radiant Logistics Stock Performance

Radiant Logistics stock opened at $6.17 on Thursday. The stock has a market cap of $290.05 million, a P/E ratio of 22.04 and a beta of 0.87. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.41 and a quick ratio of 1.41. Radiant Logistics, Inc. has a fifty-two week low of $4.83 and a fifty-two week high of $7.94. The firm has a 50-day moving average price of $6.82.

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.