Insider Selling: Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) CFO Sells $227,400.00 in Stock

Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) CFO Todd Macomber sold 30,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $7.58, for a total transaction of $227,400.00. Following the completion of the sale, the chief financial officer now owns 181,704 shares of the company’s stock, valued at approximately $1,377,316.32. The trade was a 14.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Radiant Logistics Trading Down 4.0 %

RLGT stock opened at $6.90 on Friday. Radiant Logistics, Inc. has a 12-month low of $4.83 and a 12-month high of $7.94. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.41 and a quick ratio of 1.41. The company has a market capitalization of $324.37 million, a price-to-earnings ratio of 24.64 and a beta of 0.87.

Institutional Investors Weigh In On Radiant Logistics

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EP Wealth Advisors LLC bought a new position in shares of Radiant Logistics during the 4th quarter valued at $67,000. ProShare Advisors LLC bought a new position in shares of Radiant Logistics during the 4th quarter valued at $67,000. SG Americas Securities LLC bought a new position in shares of Radiant Logistics during the 3rd quarter valued at $79,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Radiant Logistics by 19.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,523 shares of the company’s stock valued at $91,000 after purchasing an additional 2,201 shares in the last quarter. Finally, MetLife Investment Management LLC raised its holdings in shares of Radiant Logistics by 103.8% during the 4th quarter. MetLife Investment Management LLC now owns 22,047 shares of the company’s stock valued at $148,000 after purchasing an additional 11,227 shares in the last quarter. Hedge funds and other institutional investors own 53.59% of the company’s stock.

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.