Rand Logistics, Inc. (RLOG) Major Shareholder Brent D. Baird Buys 167,242 Shares

Rand Logistics, Inc. (NASDAQ:RLOG) major shareholder Brent D. Baird bought 167,242 shares of the business’s stock in a transaction dated Friday, October 13th. The stock was purchased at an average price of $0.34 per share, for a total transaction of $56,862.28. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Shares of Rand Logistics, Inc. (RLOG) opened at 0.3719 on Friday. The company’s market cap is $6.93 million. The company has a 50-day moving average of $0.31 and a 200 day moving average of $0.42. Rand Logistics, Inc. has a 12-month low of $0.19 and a 12-month high of $2.95.

Rand Logistics (NASDAQ:RLOG) last released its quarterly earnings results on Monday, August 14th. The shipping company reported ($0.30) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.41). Rand Logistics had a negative net margin of 18.21% and a negative return on equity of 160.74%. The company had revenue of $32.34 million for the quarter. On average, equities research analysts expect that Rand Logistics, Inc. will post ($0.18) EPS for the current year.

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An institutional investor recently raised its position in Rand Logistics stock. Renaissance Technologies LLC grew its holdings in Rand Logistics, Inc. (NASDAQ:RLOG) by 11.4% during the first quarter, according to the company in its most recent disclosure 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 period. Renaissance Technologies LLC owned about 0.90% of Rand Logistics worth $107,000 as of its most recent filing with the Securities & Exchange Commission. 31.09% of the stock is owned by institutional investors.

Rand Logistics Company Profile

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).

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