SG Americas Securities LLC Increases Stake in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

SG Americas Securities LLC increased its holdings in shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) by 16.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,919 shares of the company’s stock after buying an additional 2,853 shares during the period. SG Americas Securities LLC’s holdings in Radiant Logistics were worth $132,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in RLGT. Covestor Ltd purchased a new stake in shares of Radiant Logistics in the 1st quarter valued at approximately $36,000. Shay Capital LLC purchased a new stake in shares of Radiant Logistics in the 1st quarter valued at approximately $64,000. Citigroup Inc. increased its position in shares of Radiant Logistics by 370,333.3% in the 2nd quarter. Citigroup Inc. now owns 11,113 shares of the company’s stock valued at $75,000 after purchasing an additional 11,110 shares during the last quarter. American Century Companies Inc. purchased a new stake in shares of Radiant Logistics in the 4th quarter valued at approximately $57,000. Finally, Mackenzie Financial Corp purchased a new stake in shares of Radiant Logistics in the 1st quarter valued at approximately $72,000. 53.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Radiant Logistics from a “buy” rating to a “hold” rating in a research report on Tuesday.

Radiant Logistics Stock Down 1.8 %

Shares of NYSEAMERICAN:RLGT opened at $4.98 on Thursday. The firm has a market cap of $233.66 million, a P/E ratio of 23.72 and a beta of 0.79. Radiant Logistics, Inc. has a 1-year low of $4.95 and a 1-year high of $7.76.

Radiant Logistics (NYSEAMERICAN:RLGT) last released its earnings results on Thursday, February 8th. The company reported $0.11 EPS for the quarter. Radiant Logistics had a net margin of 1.23% and a return on equity of 12.94%. The company had revenue of $201.08 million during the quarter.

Insider Transactions at Radiant Logistics

In other news, insider Arnold Goldstein sold 12,404 shares of Radiant Logistics stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $5.53, for a total transaction of $68,594.12. Following the completion of the sale, the insider now directly owns 10,584 shares in the company, valued at approximately $58,529.52. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 24.50% of the company’s stock.

About Radiant Logistics

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.