Hedge Funds Are Betting On Radiant Logistics Inc (RLGT)

Page 2 of 2

With a general bullishness amongst the heavyweights, some big names have jumped into Radiant Logistics Inc (NYSEAMEX:RLGT) headfirst. Royce & Associates, led by Chuck Royce, established the most valuable position in Radiant Logistics Inc (NYSEAMEX:RLGT). According to its latest 13F filing, the fund had $0.7 million invested in the company at the end of the quarter. John Overdeck and David Siegel’s Two Sigma Advisors also initiated a $35,000 million position during the quarter.

Let’s check out hedge fund activity in other stocks similar to Radiant Logistics Inc (NYSEAMEX:RLGT). These stocks are Aspen Aerogels Inc (NYSE:ASPN), Cadiz Inc (NASDAQ:CDZI), Madrigal Pharmaceuticals Inc (NASDAQ:MDGL), and QuinStreet Inc (NASDAQ:QNST). This group of stocks’ market caps match RLGT’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
ASPN 4 8274 0
CDZI 3 12986 -3
MDGL 6 4414 6
QNST 8 37673 0

As you can see these stocks had an average of 5 hedge funds with bullish positions and the average amount invested in these stocks was $16 million. That figure was $9 million in RLGT’s case. QuinStreet Inc (NASDAQ:QNST) is the most popular stock in this table. On the other hand Cadiz Inc (NASDAQ:CDZI) is the least popular one with only 3 bullish hedge fund positions. Radiant Logistics Inc (NYSEAMEX:RLGT) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard QNST might be a better candidate to consider taking a long position in.

Disclosure: none.

Page 2 of 2