BNP Paribas Arbitrage SA lowered its stake in shares of Radiant Logistics Inc (NYSEAMERICAN:RLGT) by 44.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,490 shares of the company’s stock after selling 3,624 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Radiant Logistics were worth $28,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the stock. Metropolitan Life Insurance Co NY purchased a new position in shares of Radiant Logistics in the 1st quarter worth approximately $85,000. MetLife Investment Advisors LLC bought a new stake in Radiant Logistics during the first quarter worth $119,000. Mercer Global Advisors Inc. ADV bought a new stake in Radiant Logistics during the first quarter worth $126,000. WINTON GROUP Ltd purchased a new position in Radiant Logistics in the second quarter worth $130,000. Finally, SG Americas Securities LLC purchased a new position in Radiant Logistics in the second quarter worth $141,000. Institutional investors and hedge funds own 39.47% of the company’s stock.
Several equities research analysts have recently issued reports on RLGT shares. Cowen reaffirmed a “buy” rating and set a $7.00 target price on shares of Radiant Logistics in a research report on Monday, May 13th. Zacks Investment Research downgraded shares of Radiant Logistics from a “buy” rating to a “hold” rating in a report on Saturday, July 27th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $7.42.
RLGT opened at $5.11 on Tuesday. Radiant Logistics Inc has a twelve month low of $4.06 and a twelve month high of $7.33.
About Radiant Logistics
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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