Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) Holdings Reduced by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. decreased its position in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) by 48.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 47,428 shares of the company’s stock after selling 44,425 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Radiant Logistics were worth $305,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD bought a new position in Radiant Logistics in the 1st quarter worth about $55,000. SG Americas Securities LLC bought a new position in shares of Radiant Logistics in the third quarter valued at approximately $79,000. Beacon Bridge Wealth Partners LLC bought a new position in shares of Radiant Logistics in the second quarter valued at approximately $73,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Radiant Logistics by 27.8% in the second quarter. The Manufacturers Life Insurance Company now owns 16,255 shares of the company’s stock valued at $92,000 after acquiring an additional 3,533 shares in the last quarter. Finally, AQR Capital Management LLC bought a new position in shares of Radiant Logistics in the second quarter valued at approximately $145,000. Institutional investors own 53.59% of the company’s stock.

Insider Activity at Radiant Logistics

In related news, insider Arnold Goldstein sold 10,584 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $6.41, for a total value of $67,843.44. Following the completion of the sale, the insider now owns 12,277 shares in the company, valued at approximately $78,695.57. This represents a 46.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 24.60% of the company’s stock.

Radiant Logistics Stock Up 3.8 %

Radiant Logistics stock opened at $7.05 on Monday. Radiant Logistics, Inc. has a 12-month low of $4.83 and a 12-month high of $7.54. The company has a market capitalization of $330.79 million, a PE ratio of 41.47 and a beta of 0.84.

Radiant Logistics (NYSEAMERICAN:RLGT) last released its earnings results on Tuesday, November 12th. The company reported $0.16 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 business had revenue of $203.57 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Radiant Logistics from a “hold” rating to a “buy” rating in a report 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.