News coverage about Rand Logistics (NASDAQ:RLOG) has trended somewhat positive on Wednesday, according to Accern. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Rand Logistics earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave media coverage about the shipping company an impact score of 45.8831945803189 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of Rand Logistics (RLOG) opened at $0.80 on Wednesday. Rand Logistics has a 12 month low of $0.19 and a 12 month high of $2.95.
Rand Logistics (NASDAQ:RLOG) last posted 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.
Separately, ValuEngine raised shares of Rand Logistics from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 7th.
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In other Rand Logistics news, major shareholder Brent D. Baird acquired 167,242 shares of Rand Logistics stock in a transaction that occurred on Friday, October 13th. The stock was bought at an average price of $0.34 per share, with a total value of $56,862.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Brent D. Baird acquired 300,000 shares of Rand Logistics stock in a transaction that occurred on Thursday, September 21st. The stock was acquired at an average cost of $0.29 per share, with a total value of $87,000.00. Following the purchase, the insider now directly owns 2,952,683 shares of the company’s stock, valued at $856,278.07. The disclosure for this purchase can be found here. Insiders have bought 867,242 shares of company stock valued at $259,862 in the last ninety days. 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).
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