Walthausen & Co. LLC lessened its position in shares of Radiant Logistics Inc (NYSEAMERICAN:RLGT) by 5.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 242,980 shares of the company’s stock after selling 14,900 shares during the quarter. Walthausen & Co. LLC owned 0.49% of Radiant Logistics worth $1,033,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. purchased a new stake in shares of Radiant Logistics in the fourth quarter worth about $37,000. Acadian Asset Management LLC purchased a new stake in shares of Radiant Logistics in the fourth quarter worth about $73,000. SG Americas Securities LLC purchased a new stake in shares of Radiant Logistics in the fourth quarter worth about $86,000. Macquarie Group Ltd. boosted its stake in shares of Radiant Logistics by 183.0% in the third quarter. Macquarie Group Ltd. now owns 27,169 shares of the company’s stock worth $161,000 after buying an additional 17,569 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Radiant Logistics by 126.3% in the fourth quarter. Bank of Montreal Can now owns 29,678 shares of the company’s stock worth $125,000 after buying an additional 16,565 shares during the last quarter. Institutional investors and hedge funds own 39.47% of the company’s stock.
A number of analysts have recently commented on RLGT shares. TheStreet upgraded Radiant Logistics from a “c+” rating to a “b” rating in a research note on Monday, March 4th. Zacks Investment Research raised Radiant Logistics from a “hold” rating to a “buy” rating and set a $5.50 price target for the company in a report on Wednesday, January 30th. Finally, Seaport Global Securities reaffirmed a “buy” rating on shares of Radiant Logistics in a report on Monday, February 4th.
Radiant Logistics (NYSEAMERICAN:RLGT) last released its quarterly earnings results on Monday, February 11th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. The business had revenue of $260.94 million during the quarter, compared to analyst estimates of $232.02 million.
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Radiant Logistics Company Profile
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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