Kestrel Investment Management Corp Sells 20,600 Shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

Kestrel Investment Management Corp lessened its holdings in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) by 13.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 128,499 shares of the company’s stock after selling 20,600 shares during the period. Kestrel Investment Management Corp owned approximately 0.27% of Radiant Logistics worth $853,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Covestor Ltd purchased a new position in Radiant Logistics during the first quarter worth $36,000. American Century Companies Inc. purchased a new stake in shares of Radiant Logistics during the fourth quarter valued at $57,000. Shay Capital LLC purchased a new stake in shares of Radiant Logistics during the first quarter valued at $64,000. UBS Group AG purchased a new stake in shares of Radiant Logistics during the fourth quarter valued at $68,000. Finally, Mackenzie Financial Corp purchased a new stake in shares of Radiant Logistics during the first quarter valued at $72,000. Institutional investors own 53.59% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Radiant Logistics from a “buy” rating to a “hold” rating in a research note on Tuesday.

Insider Activity

In other news, insider Arnold Goldstein sold 12,404 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $5.53, for a total transaction of $68,594.12. Following the transaction, the insider now owns 10,584 shares in the company, valued at $58,529.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 24.50% of the company’s stock.

Radiant Logistics Price Performance

Radiant Logistics stock remained flat at $4.93 during trading hours on Friday. 115,259 shares of the company’s stock were exchanged, compared to its average volume of 105,557. The company has a market capitalization of $231.32 million, a P/E ratio of 23.48 and a beta of 0.79. Radiant Logistics, Inc. has a fifty-two week low of $4.89 and a fifty-two week high of $7.76.

Radiant Logistics (NYSEAMERICAN:RLGT) last announced its earnings results on Thursday, February 8th. The company reported $0.11 EPS for the quarter. The business had revenue of $201.08 million during the quarter. Radiant Logistics had a net margin of 1.23% and a return on equity of 12.94%.

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.