Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) CFO Todd Macomber Sells 30,000 Shares

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

Radiant Logistics Price Performance

RLGT stock opened at $7.19 on Friday. The stock has a market cap of $338.00 million, a PE ratio of 12.38 and a beta of 0.87. Radiant Logistics, Inc. has a 52 week low of $4.83 and a 52 week 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.

Hedge Funds Weigh In On Radiant Logistics

Several institutional investors and hedge funds have recently bought and sold shares of RLGT. Invesco Ltd. raised its stake in shares of Radiant Logistics by 1.4% in the 4th quarter. Invesco Ltd. now owns 101,315 shares of the company’s stock valued at $679,000 after acquiring an additional 1,408 shares during the period. Rhumbline Advisers raised its stake in shares of Radiant Logistics by 2.7% in the 4th quarter. Rhumbline Advisers now owns 54,718 shares of the company’s stock valued at $367,000 after acquiring an additional 1,415 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Radiant Logistics by 19.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,523 shares of the company’s stock valued at $91,000 after acquiring an additional 2,201 shares during the period. SG Americas Securities LLC raised its stake in shares of Radiant Logistics by 20.2% in the 4th quarter. SG Americas Securities LLC now owns 14,809 shares of the company’s stock valued at $99,000 after acquiring an additional 2,492 shares during the period. Finally, RBF Capital LLC increased its stake in Radiant Logistics by 5.4% during the 4th quarter. RBF Capital LLC now owns 53,932 shares of the company’s stock worth $361,000 after buying an additional 2,751 shares during the period. 53.59% of the stock is currently owned by institutional investors and hedge funds.

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.