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 firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $7.58, for a total transaction of $227,400.00. Following the completion of the sale, the chief financial officer now owns 181,704 shares of the company’s stock, valued at $1,377,316.32. This trade represents a 14.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Radiant Logistics Stock Performance

NYSEAMERICAN:RLGT opened at $7.19 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.01. Radiant Logistics, Inc. has a twelve month low of $4.83 and a twelve month high of $7.94. The stock has a market cap of $338.00 million, a price-to-earnings ratio of 12.38 and a beta of 0.87.

Institutional Investors Weigh In On Radiant Logistics

Hedge funds have recently modified their holdings of the stock. EP Wealth Advisors LLC bought a new stake in Radiant Logistics during the fourth quarter valued at $67,000. ProShare Advisors LLC acquired a new position in shares of Radiant Logistics in the 4th quarter valued at about $67,000. SG Americas Securities LLC acquired a new position in shares of Radiant Logistics in the 3rd quarter valued at about $79,000. Price T Rowe Associates Inc. MD increased its holdings in Radiant Logistics by 19.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,523 shares of the company’s stock worth $91,000 after buying an additional 2,201 shares during the last quarter. Finally, MetLife Investment Management LLC increased its holdings in Radiant Logistics by 103.8% in the fourth quarter. MetLife Investment Management LLC now owns 22,047 shares of the company’s stock worth $148,000 after buying an additional 11,227 shares during the last quarter. 53.59% of the stock is 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.