Stone Ridge Asset Management LLC Purchases 36,581 Shares of Radiant Logistics Inc (RLGT)

Stone Ridge Asset Management LLC boosted its position in Radiant Logistics Inc (NYSEAMERICAN:RLGT) by 27.9% in the fourth quarter, HoldingsChannel reports. The firm owned 167,578 shares of the company’s stock after purchasing an additional 36,581 shares during the quarter. Stone Ridge Asset Management LLC’s holdings in Radiant Logistics were worth $712,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new stake in shares of Radiant Logistics in the fourth quarter valued at about $37,000. Acadian Asset Management LLC acquired a new stake in shares of Radiant Logistics in the fourth quarter valued at about $73,000. SG Americas Securities LLC acquired a new stake in shares of Radiant Logistics in the fourth quarter valued at about $86,000. Bank of Montreal Can increased its stake in shares of Radiant Logistics by 126.3% in the fourth quarter. Bank of Montreal Can now owns 29,678 shares of the company’s stock valued at $125,000 after buying an additional 16,565 shares during the period. Finally, Campbell & CO Investment Adviser LLC increased its stake in shares of Radiant Logistics by 9.0% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 30,299 shares of the company’s stock valued at $143,000 after buying an additional 2,499 shares during the period. 39.47% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently commented on RLGT shares. TheStreet cut Radiant Logistics from a “b-” rating to a “c+” rating in a research note on Wednesday, December 19th. Zacks Investment Research raised Radiant Logistics from a “hold” rating to a “buy” rating and set a $5.25 target price for the company in a research note on Wednesday, January 16th. Finally, Seaport Global Securities reaffirmed a “buy” rating on shares of Radiant Logistics in a research note on Monday, February 4th.



NYSEAMERICAN RLGT opened at $5.63 on Monday. Radiant Logistics Inc has a one year low of $3.46 and a one year high of $6.48.

Radiant Logistics (NYSEAMERICAN:RLGT) last released its earnings results on Monday, February 11th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.12 by $0.04. The business had revenue of $260.94 million for the quarter, compared to analyst estimates of $232.02 million.

COPYRIGHT VIOLATION NOTICE: “Stone Ridge Asset Management LLC Purchases 36,581 Shares of Radiant Logistics Inc (RLGT)” was posted by Dakota Financial News and is owned by of Dakota Financial News. If you are reading this article on another website, it was illegally copied and republished in violation of international trademark and copyright laws. The original version of this article can be read at https://dakotafinancialnews.com/2019/03/25/stone-ridge-asset-management-llc-purchases-36581-shares-of-radiant-logistics-inc-rlgt.html.

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.

Read More: Understanding Options Trading

Want to see what other hedge funds are holding RLGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Radiant Logistics Inc (NYSEAMERICAN:RLGT).

Institutional Ownership by Quarter for Radiant Logistics (NYSEAMERICAN:RLGT)

Receive News & Ratings for Radiant Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Radiant Logistics and related companies with MarketBeat.com's FREE daily email newsletter.