Campbell & CO Investment Adviser LLC lifted its position in shares of Radiant Logistics Inc (NYSEAMERICAN:RLGT) by 54.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,592 shares of the company’s stock after acquiring an additional 20,673 shares during the quarter. Campbell & CO Investment Adviser LLC owned approximately 0.12% of Radiant Logistics worth $303,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in RLGT. Metropolitan Life Insurance Co NY bought a new stake in Radiant Logistics in the first quarter valued at about $85,000. MetLife Investment Advisors LLC bought a new stake in Radiant Logistics in the first quarter valued at about $119,000. WINTON GROUP Ltd bought a new stake in Radiant Logistics in the second quarter valued at about $130,000. Jefferies Group LLC increased its holdings in Radiant Logistics by 38.4% in the second quarter. Jefferies Group LLC now owns 21,456 shares of the company’s stock valued at $132,000 after purchasing an additional 5,952 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in Radiant Logistics in the second quarter valued at about $141,000. Institutional investors own 39.47% of the company’s stock.
NYSEAMERICAN RLGT opened at $5.51 on Monday. Radiant Logistics Inc has a 12 month low of $4.06 and a 12 month high of $7.33.
A number of research firms recently commented on RLGT. Cowen set a $7.00 price objective on Radiant Logistics and gave the company a “buy” rating in a report on Friday, September 13th. Zacks Investment Research upgraded Radiant Logistics from a “hold” rating to a “strong-buy” rating and set a $6.50 price objective for the company in a report on Tuesday, September 17th.
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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