Nationwide Fund Advisors cut its holdings in shares of Radiant Logistics Inc (NYSEAMERICAN:RLGT) by 86.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,774 shares of the company’s stock after selling 174,035 shares during the period. Nationwide Fund Advisors owned about 0.05% of Radiant Logistics worth $142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Teachers Advisors LLC lifted its position in Radiant Logistics by 46.5% during the second quarter. Teachers Advisors LLC now owns 261,981 shares of the company’s stock valued at $1,409,000 after purchasing an additional 83,192 shares during the period. Vanguard Group Inc. lifted its position in Radiant Logistics by 18.1% during the second quarter. Vanguard Group Inc. now owns 1,399,277 shares of the company’s stock valued at $7,528,000 after purchasing an additional 214,528 shares during the period. State Street Corp lifted its position in Radiant Logistics by 11.1% during the second quarter. State Street Corp now owns 588,753 shares of the company’s stock valued at $3,167,000 after purchasing an additional 59,023 shares during the period. Numeric Investors LLC acquired a new position in Radiant Logistics during the second quarter valued at $367,000. Finally, Chicago Equity Partners LLC lifted its position in Radiant Logistics by 35.6% during the second quarter. Chicago Equity Partners LLC now owns 104,055 shares of the company’s stock valued at $560,000 after purchasing an additional 27,345 shares during the period. Institutional investors own 39.47% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of Radiant Logistics from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th.

Radiant Logistics Inc (RLGT) opened at $4.87 on Friday. The firm has a market cap of $239.10, a PE ratio of 121.75 and a beta of 0.76. Radiant Logistics Inc has a 1 year low of $3.39 and a 1 year high of $6.65. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.18 and a quick ratio of 1.18.

Radiant Logistics (NYSEAMERICAN:RLGT) last issued its quarterly earnings data on Thursday, November 9th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The firm had revenue of $198.00 million during the quarter, compared to analyst estimates of $210.37 million. Radiant Logistics had a return on equity of 1.03% and a net margin of 0.45%. The company’s revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the company posted $0.08 EPS. sell-side analysts expect that Radiant Logistics Inc will post 0.27 EPS for the current year.

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Radiant Logistics Profile

Radiant Logistics, Inc operates as a third-party logistics company, providing multi-modal transportation and logistics services. The Company is organized in two geographic operating segments: United States and Canada. Its transportation services for both the United States and Canada segments are placed into categories of freight forwarding and freight brokerage services.

Institutional Ownership by Quarter for Radiant Logistics (NYSEAMERICAN:RLGT)

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