Dimensional Fund Advisors LP Sells 52,376 Shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

Dimensional Fund Advisors LP reduced its stake in shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) by 1.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,930,246 shares of the company’s stock after selling 52,376 shares during the quarter. Dimensional Fund Advisors LP owned about 6.23% of Radiant Logistics worth $16,673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Radiant Logistics by 0.6% during the first quarter. Vanguard Group Inc. now owns 2,358,299 shares of the company’s stock valued at $12,782,000 after buying an additional 13,363 shares during the last quarter. Wasatch Advisors LP boosted its position in shares of Radiant Logistics by 10.7% during the 1st quarter. Wasatch Advisors LP now owns 1,205,550 shares of the company’s stock valued at $6,534,000 after acquiring an additional 116,340 shares during the last quarter. Lord Abbett & CO. LLC boosted its position in shares of Radiant Logistics by 26.3% during the 1st quarter. Lord Abbett & CO. LLC now owns 1,099,874 shares of the company’s stock valued at $5,961,000 after acquiring an additional 228,828 shares during the last quarter. CM Management LLC grew its holdings in shares of Radiant Logistics by 6.9% in the second quarter. CM Management LLC now owns 775,000 shares of the company’s stock valued at $4,410,000 after purchasing an additional 50,000 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its stake in Radiant Logistics by 5.3% during the first quarter. First Eagle Investment Management LLC now owns 524,621 shares of the company’s stock valued at $2,843,000 after purchasing an additional 26,500 shares in the last quarter. Institutional investors own 53.59% of the company’s stock.

Insider Transactions at Radiant Logistics

In other Radiant Logistics news, insider Arnold Goldstein sold 10,584 shares of the stock in a transaction 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 sale, the insider now owns 12,277 shares of the company’s stock, valued at approximately $78,695.57. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 24.50% of the company’s stock.

Radiant Logistics Stock Up 0.2 %

Shares of RLGT opened at $6.07 on Friday. The firm has a market cap of $283.47 million, a PE ratio of 55.19 and a beta of 0.84. Radiant Logistics, Inc. has a 12-month low of $4.83 and a 12-month high of $7.10.

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

Analysts Set New Price Targets

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

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.