Rand Logistics (RLOG) Trading 6.3% Higher
Rand Logistics, Inc. (NASDAQ:RLOG)’s share price traded up 6.3% during trading on Wednesday . The stock traded as high as $0.18 and last traded at $0.17. 930,327 shares traded hands during trading, a decline of 23% from the average session volume of 1,204,018 shares. The stock had previously closed at $0.16.
Separately, ValuEngine lowered Rand Logistics from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 16th.
The firm has a market cap of $2.96, a PE ratio of -0.13 and a beta of 1.24.
In other Rand Logistics news, major shareholder Brent D. Baird acquired 167,242 shares of the company’s stock in a transaction on Friday, October 13th. The stock was acquired at an average price of $0.34 per share, for a total transaction of $56,862.28. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Edward Levy sold 120,000 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $0.25, for a total value of $30,000.00. Following the completion of the sale, the chief executive officer now owns 552,875 shares of the company’s stock, valued at approximately $138,218.75. The disclosure for this sale can be found here. Insiders have sold a total of 2,937,630 shares of company stock worth $662,680 over the last quarter. Corporate insiders own 13.10% of the company’s stock.
A hedge fund recently raised its stake in Rand Logistics stock. Renaissance Technologies LLC increased its position in Rand Logistics, Inc. (NASDAQ:RLOG) by 11.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 166,700 shares of the shipping company’s stock after purchasing an additional 17,100 shares during the quarter. Renaissance Technologies LLC owned approximately 0.90% of Rand Logistics worth $107,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 20.36% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This piece of content was originally posted by Watch List News and is the sole property of of Watch List News. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of U.S. & international copyright & trademark laws. The correct version of this piece of content can be accessed at https://www.watchlistnews.com/rand-logistics-rlog-trading-6-3-higher/1785205.html.
About Rand Logistics
Rand Logistics, Inc is a shipping company that, through its operating subsidiaries, is engaged in the operation of bulk carriers on the Great Lakes. The Company’s shipping business is operated in Canada by Lower Lakes Towing Ltd. (Lower Lakes Towing) and in the United States by Lower Lakes Transportation Company (Lower Lakes Transportation).
Receive News & Ratings for Rand Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rand Logistics and related companies with Analyst Ratings Network's FREE daily email newsletter.