Somewhat Positive Press Coverage Somewhat Unlikely to Affect Rand Logistics (RLOG) Stock Price

Media coverage about Rand Logistics (NASDAQ:RLOG) has trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research firm scores the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Rand Logistics earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned media coverage about the shipping company an impact score of 45.6718120039275 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Rand Logistics (NASDAQ:RLOG) last announced its quarterly earnings results on Monday, August 14th. The shipping company reported ($0.30) earnings per share (EPS) for the quarter, missing the Zacks’ 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 during the quarter.

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In other news, major shareholder Brent D. Baird purchased 300,000 shares of the company’s stock in a transaction on Thursday, September 21st. The shares were acquired at an average price of $0.29 per share, for a total transaction of $87,000.00. Following the purchase, the insider now owns 2,952,683 shares in the company, valued at $856,278.07. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Brent D. Baird purchased 350,000 shares of the company’s stock in a transaction on Monday, August 14th. The shares were purchased at an average price of $0.29 per share, for a total transaction of $101,500.00. Following the purchase, the insider now owns 2,252,683 shares in the company, valued at approximately $653,278.07. The disclosure for this purchase can be found here. Insiders bought a total of 1,217,242 shares of company stock worth $361,362 over the last quarter. Company insiders own 13.10% of the company’s stock.

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).

Insider Buying and Selling by Quarter for Rand Logistics (NASDAQ:RLOG)

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