Walthausen & Co. LLC Buys 69,060 Shares of Radiant Logistics Inc (NYSEAMERICAN:RLGT)

Walthausen & Co. LLC lifted its stake in Radiant Logistics Inc (NYSEAMERICAN:RLGT) by 30.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 292,890 shares of the company’s stock after purchasing an additional 69,060 shares during the period. Walthausen & Co. LLC’s holdings in Radiant Logistics were worth $1,631,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Citigroup Inc. lifted its holdings in shares of Radiant Logistics by 43.2% in the fourth quarter. Citigroup Inc. now owns 7,886 shares of the company’s stock worth $44,000 after buying an additional 2,380 shares in the last quarter. Rice Hall James & Associates LLC lifted its position in shares of Radiant Logistics by 1.4% during the fourth quarter. Rice Hall James & Associates LLC now owns 312,051 shares of the company’s stock valued at $1,738,000 after buying an additional 4,243 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Radiant Logistics by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 498,354 shares of the company’s stock valued at $2,776,000 after purchasing an additional 4,866 shares during the last quarter. California Public Employees Retirement System raised its position in shares of Radiant Logistics by 11.0% in the 4th quarter. California Public Employees Retirement System now owns 75,806 shares of the company’s stock valued at $422,000 after purchasing an additional 7,500 shares during the last quarter. Finally, Janus Henderson Group PLC purchased a new position in Radiant Logistics during the 4th quarter worth approximately $59,000. Hedge funds and other institutional investors own 39.47% of the company’s stock.

RLGT has been the topic of several recent research reports. Benchmark began coverage on shares of Radiant Logistics in a research note on Friday, February 28th. They set a “buy” rating and a $8.00 target price on the stock. Cowen reaffirmed a “buy” rating on shares of Radiant Logistics in a research report on Tuesday, February 11th.

NYSEAMERICAN RLGT traded up $0.35 during trading on Thursday, hitting $3.98. The stock had a trading volume of 228,700 shares, compared to its average volume of 193,356. Radiant Logistics Inc has a twelve month low of $3.08 and a twelve month high of $7.33.

Radiant Logistics (NYSEAMERICAN:RLGT) last released its earnings results on Monday, February 10th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. The firm had revenue of $201.93 million during the quarter.

About Radiant Logistics

Radiant Logistics, Inc operates as a third-party logistics and multi-modal transportation services company primarily in the United States and Canada. The company offers domestic and international air and ocean freight forwarding services; and freight brokerage services, including truckload, less than truckload, and intermodal services.

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Institutional Ownership by Quarter for Radiant Logistics (NYSEAMERICAN:RLGT)

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