Tower Research Capital LLC TRC Buys 2,043 Shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

Tower Research Capital LLC TRC lifted its position in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) by 33.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,223 shares of the company’s stock after acquiring an additional 2,043 shares during the period. Tower Research Capital LLC TRC’s holdings in Radiant Logistics were worth $55,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jump Financial LLC bought a new position in Radiant Logistics during the fourth quarter worth about $102,000. SG Americas Securities LLC bought a new position in shares of Radiant Logistics during the 3rd quarter valued at about $96,000. Mackenzie Financial Corp increased its position in shares of Radiant Logistics by 76.5% during the fourth quarter. Mackenzie Financial Corp now owns 18,748 shares of the company’s stock worth $124,000 after acquiring an additional 8,125 shares in the last quarter. Summit Global Investments acquired a new stake in shares of Radiant Logistics during the fourth quarter worth $134,000. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in Radiant Logistics in the 3rd quarter valued at $130,000. Institutional investors own 53.59% of the company’s stock.

Insider Activity

In other Radiant Logistics news, insider Arnold Goldstein sold 12,404 shares of the firm’s 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 $58,529.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 24.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Radiant Logistics from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th.

Radiant Logistics Trading Down 0.6 %

NYSEAMERICAN RLGT traded down $0.03 on Monday, hitting $5.10. 90,186 shares of the stock were exchanged, compared to its average volume of 105,261. The firm has a market capitalization of $239.29 million, a P/E ratio of 24.19 and a beta of 0.79. Radiant Logistics, Inc. has a 52 week low of $4.84 and a 52 week high of $7.76.

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

Radiant Logistics 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.