SCHEDULE 13G: Royce & Associates LP Discloses 5.06% Stake in Radiant Logistics, Inc.

Investment adviser Royce & Associates LP has disclosed a passive 5.06% ownership stake in Radiant Logistics, Inc., holding 2,376,764 shares of common stock.

Summary

• Royce & Associates LP, an investment adviser based in New York, has filed a Schedule 13G indicating beneficial ownership of common stock in Radiant Logistics, Inc.
• The filing reports that Royce & Associates LP beneficially owns 2,376,764 shares of Radiant Logistics, Inc. common stock.
• This ownership represents 5.06% of the total outstanding common stock of Radiant Logistics, Inc.
• Royce & Associates LP holds sole voting power and sole dispositive power over all 2,376,764 shares.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
• Royce & Associates LP disclaims any pecuniary interest in the reported securities.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of a passive ownership stake, providing no explicit positive or negative sentiment regarding the issuer's performance or outlook.

Future Outlook

NA

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect." (Certification by Daniel A. O'Byrne, Vice President of Royce & Associates LP)
• "RALP disclaims any pecuniary interest in any of the securities reported in this Schedule 13G."
• "RALP believes that it is not a 'group' with FRI affiliates, the Principal Shareholders, or their respective affiliates within the meaning of Rule 13d 5 under the Act and that none of them is otherwise required to attribute to any other the beneficial ownership of the securities held by such person or by any persons or entities for whom or for which RALP or the FRI affiliates provide investment management services."

Industry Context

This filing indicates a significant institutional investment in Radiant Logistics, Inc., a company operating in the logistics and transportation sector. Such disclosures can signal investor confidence or strategic positioning within the industry, though this specific filing is a passive ownership disclosure.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional investor like Royce & Associates LP holding over 5% of the common stock may be viewed positively, indicating institutional confidence and potentially increasing liquidity or stability for the stock.
• Company Management: Awareness of a new significant shareholder may influence future investor relations strategies, though the filing explicitly states the stake is passive and not for control purposes.

Key Dates

Keywords

Radiant Logistics, Royce & Associates LP, Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, Logistics, Transportation, SEC Filing