Shell Asset Management Co. Trims Stake in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

Posted by Defense World Staff on Mar 2nd, 2023

Shell Asset Management Co. lowered its position in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT – Get Rating) by 20.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 20,097 shares of the company’s stock after selling 5,265 shares during the period. Shell Asset Management Co.’s holdings in Radiant Logistics were worth $114,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Covestor Ltd bought a new position in Radiant Logistics in the 1st quarter worth $36,000. Gladius Capital Management LP bought a new position in shares of Radiant Logistics during the 2nd quarter valued at about $46,000. Shay Capital LLC bought a new position in shares of Radiant Logistics during the 1st quarter valued at about $64,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Radiant Logistics during the 2nd quarter valued at about $83,000. Finally, Mackenzie Financial Corp bought a new position in shares of Radiant Logistics during the 1st quarter valued at about $72,000. Institutional investors own 55.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, TheStreet raised shares of Radiant Logistics from a “c+” rating to a “b-” rating in a report on Tuesday.

Radiant Logistics Trading Down 0.5 %

Shares of NYSEAMERICAN:RLGT opened at $5.65 on Thursday. The stock has a market capitalization of $279.34 million, a price-to-earnings ratio of 6.01 and a beta of 0.96. The stock’s 50 day moving average is $7.24. Radiant Logistics, Inc. has a one year low of $4.93 and a one year high of $8.09.

Radiant Logistics Company Profile

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Radiant Logistics, Inc is a non-asset-based global transportation and supply chain management company. The firm through its comprehensive service offering, provides domestic and international freight forwarding services, truckload services, less than truckload services, intermodal services, truck and rail brokerage services, and other value-added supply chain management services, including customs brokerage, order fulfillment, inventory management, and warehousing to a diversified account base including manufacturers, distributors, and retailers using a network of independent carriers and international agents positioned strategically around the world.