Legato Capital Management LLC Sells 1,612 Shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

Legato Capital Management LLC reduced its holdings in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) by 3.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,722 shares of the company’s stock after selling 1,612 shares during the quarter. Legato Capital Management LLC owned 0.08% of Radiant Logistics worth $266,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in RLGT. FMR LLC increased its stake in Radiant Logistics by 877.2% in the 3rd quarter. FMR LLC now owns 1,490,354 shares of the company’s stock worth $9,583,000 after acquiring an additional 1,337,841 shares during the last quarter. Royce & Associates LP boosted its holdings in shares of Radiant Logistics by 15.4% in the 3rd quarter. Royce & Associates LP now owns 1,748,216 shares of the company’s stock worth $11,241,000 after purchasing an additional 233,244 shares in the last quarter. Geode Capital Management LLC boosted its holdings 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. Barclays PLC boosted its holdings in shares of Radiant Logistics by 60.0% in the 3rd quarter. Barclays PLC now owns 86,842 shares of the company’s stock worth $558,000 after purchasing an additional 32,556 shares in the last quarter. Finally, AQR Capital Management LLC purchased a new position in shares of Radiant Logistics in the 2nd quarter worth about $145,000. 53.59% of the stock is currently owned by institutional investors.

Radiant Logistics Price Performance

Shares of RLGT stock opened at $7.30 on Friday. The stock has a market cap of $342.52 million, a P/E ratio of 42.94 and a beta of 0.87. Radiant Logistics, Inc. has a 1-year low of $4.83 and a 1-year high of $7.94.

Radiant Logistics (NYSEAMERICAN:RLGT) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. Radiant Logistics had a return on equity of 11.48% and a net margin of 1.06%. The business had revenue of $203.57 million during the quarter.

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.