Perritt Capital Management Inc. cut its stake in Radiant Logistics Inc (NYSEAMERICAN:RLGT) by 3.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 657,307 shares of the company’s stock after selling 23,538 shares during the quarter. Radiant Logistics accounts for about 1.6% of Perritt Capital Management Inc.’s investment portfolio, making the stock its 9th largest holding. Perritt Capital Management Inc. owned 1.33% of Radiant Logistics worth $4,036,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. BNP Paribas Arbitrage SA boosted its stake in shares of Radiant Logistics by 508.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 8,114 shares of the company’s stock worth $51,000 after acquiring an additional 6,781 shares during the last quarter. Walthausen & Co. LLC grew its holdings in Radiant Logistics by 3.6% during the first quarter. Walthausen & Co. LLC now owns 251,750 shares of the company’s stock valued at $1,586,000 after purchasing an additional 8,770 shares during the period. Carillon Tower Advisers Inc. grew its holdings in Radiant Logistics by 2.0% during the second quarter. Carillon Tower Advisers Inc. now owns 332,875 shares of the company’s stock valued at $2,044,000 after purchasing an additional 6,525 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in Radiant Logistics by 37.0% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 111,014 shares of the company’s stock worth $682,000 after buying an additional 29,975 shares in the last quarter. Finally, Hillsdale Investment Management Inc. increased its position in Radiant Logistics by 1.4% in the second quarter. Hillsdale Investment Management Inc. now owns 470,100 shares of the company’s stock worth $2,887,000 after buying an additional 6,300 shares in the last quarter. Hedge funds and other institutional investors own 39.47% of the company’s stock.
Shares of NYSEAMERICAN RLGT traded down $0.06 during midday trading on Wednesday, reaching $5.51. The stock had a trading volume of 40,608 shares, compared to its average volume of 356,310. Radiant Logistics Inc has a 12-month low of $4.06 and a 12-month high of $7.33.
Separately, Zacks Investment Research downgraded Radiant Logistics from a “buy” rating to a “hold” rating in a research note on Saturday, July 27th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Radiant Logistics presently has a consensus rating of “Buy” and a consensus target price of $7.42.
Radiant Logistics Profile
Radiant Logistics, Inc operates as a third-party logistics and multi-modal transportation services company primarily in the United States and Canada. The company offers domestic and international air and ocean freight forwarding services; and freight brokerage services, including truckload, less than truckload, and intermodal services.
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