Janney Montgomery Scott LLC Trims Stock Position in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

Janney Montgomery Scott LLC lessened its holdings in shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) by 3.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,338 shares of the company’s stock after selling 2,546 shares during the period. Janney Montgomery Scott LLC’s holdings in Radiant Logistics were worth $511,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC boosted its stake in Radiant Logistics by 20.2% in the 4th quarter. SG Americas Securities LLC now owns 14,809 shares of the company’s stock worth $99,000 after purchasing an additional 2,492 shares in the last quarter. Barclays PLC raised its position in Radiant Logistics by 60.0% in the 3rd quarter. Barclays PLC now owns 86,842 shares of the company’s stock worth $558,000 after buying an additional 32,556 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Radiant Logistics by 15.9% during the 3rd quarter. Geode Capital Management LLC now owns 896,878 shares of the company’s stock valued at $5,768,000 after purchasing an additional 123,198 shares during the last quarter. State Street Corp increased 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 valued at $4,756,000 after purchasing an additional 6,655 shares during the last quarter. Finally, FMR LLC increased its position in shares of Radiant Logistics by 877.2% during the 3rd 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 during the last quarter. Institutional investors own 53.59% of the company’s stock.

Radiant Logistics Trading Down 1.7 %

NYSEAMERICAN RLGT opened at $6.92 on Monday. Radiant Logistics, Inc. has a 12 month low of $4.83 and a 12 month high of $7.78. The company has a market cap of $324.69 million, a price-to-earnings ratio of 40.71 and a beta of 0.87.

Radiant Logistics (NYSEAMERICAN:RLGT) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. Radiant Logistics had a net margin of 1.06% and a return on equity of 11.48%. The firm had revenue of $203.57 million for the quarter.

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.