Bailard Inc. Makes New Investment in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

Bailard Inc. acquired a new stake in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) in the fourth quarter, Holdings Channel reports. The fund acquired 22,766 shares of the company’s stock, valued at approximately $153,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC grew its holdings in shares of Radiant Logistics by 20.2% during 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. Rhumbline Advisers grew its stake in Radiant Logistics by 2.7% during the fourth quarter. Rhumbline Advisers now owns 54,718 shares of the company’s stock worth $367,000 after buying an additional 1,415 shares in the last quarter. Seizert Capital Partners LLC grew its stake in Radiant Logistics by 30.2% during the third quarter. Seizert Capital Partners LLC now owns 58,408 shares of the company’s stock worth $376,000 after buying an additional 13,540 shares in the last quarter. Barclays PLC increased its holdings in 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 period. Finally, Empowered Funds LLC raised its position in shares of Radiant Logistics by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 205,373 shares of the company’s stock valued at $1,321,000 after buying an additional 10,452 shares in the last quarter. Institutional investors and hedge funds own 53.59% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Todd Macomber sold 30,000 shares of Radiant Logistics stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $7.58, for a total transaction of $227,400.00. Following the sale, the chief financial officer now directly owns 181,704 shares of the company’s stock, valued at approximately $1,377,316.32. The trade was a 14.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 24.60% of the company’s stock.

Radiant Logistics Trading Down 1.1 %

NYSEAMERICAN RLGT opened at $6.51 on Thursday. The stock’s 50 day moving average price is $6.90. The firm has a market cap of $306.04 million, a price-to-earnings ratio of 23.25 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 1 year low of $4.83 and a 1 year high of $7.94.

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.