Todd Macomber Sells 30,000 Shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) Stock

Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) 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 transaction, the chief financial officer now directly owns 181,704 shares in the company, valued at approximately $1,377,316.32. The trade was a 14.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Radiant Logistics Stock Performance

Radiant Logistics stock opened at $6.90 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.01. The firm has a market cap of $324.37 million, a price-to-earnings ratio of 24.64 and a beta of 0.87. Radiant Logistics, Inc. has a twelve month low of $4.83 and a twelve month high of $7.94.

Institutional Investors Weigh In On Radiant Logistics

A number of hedge funds have recently made changes to their positions in the stock. FMR LLC lifted its position in Radiant Logistics by 877.2% during the third quarter. FMR LLC now owns 1,490,354 shares of the company’s stock valued at $9,583,000 after acquiring an additional 1,337,841 shares during the last quarter. Royce & Associates LP increased its position in shares of Radiant Logistics by 29.7% during the fourth quarter. Royce & Associates LP now owns 2,266,678 shares of the company’s stock worth $15,187,000 after purchasing an additional 518,462 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Radiant Logistics by 7.5% during the 4th quarter. Vanguard Group Inc. now owns 2,565,216 shares of the company’s stock valued at $17,187,000 after purchasing an additional 177,990 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Radiant Logistics by 15.9% in the 3rd quarter. Geode Capital Management LLC now owns 896,878 shares of the company’s stock worth $5,768,000 after purchasing an additional 123,198 shares in the last quarter. Finally, McGowan Group Asset Management Inc. purchased a new position in Radiant Logistics during the 4th quarter worth $670,000. 53.59% of the stock is currently owned by hedge funds and other institutional investors.

Radiant Logistics Company Profile

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.