Critical Survey: Rand Logistics (RLOG) and Seanergy Maritime (SHIP)

Rand Logistics (NASDAQ: RLOG) and Seanergy Maritime (NASDAQ:SHIP) are both small-cap transportation companies, but which is the superior stock? We will compare the two businesses based on the strength of their institutional ownership, valuation, earnings, analyst recommendations, profitability, risk and dividends.

Analyst Recommendations

This is a summary of current recommendations and price targets for Rand Logistics and Seanergy Maritime, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Rand Logistics 0 0 0 0 N/A
Seanergy Maritime 0 0 1 0 3.00

Seanergy Maritime has a consensus price target of $3.00, suggesting a potential upside of 180.37%. Given Seanergy Maritime’s higher possible upside, analysts clearly believe Seanergy Maritime is more favorable than Rand Logistics.

Institutional & Insider Ownership

20.4% of Rand Logistics shares are owned by institutional investors. Comparatively, 0.6% of Seanergy Maritime shares are owned by institutional investors. 13.1% of Rand Logistics shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.

Risk and Volatility

Rand Logistics has a beta of 1.24, meaning that its stock price is 24% more volatile than the S&P 500. Comparatively, Seanergy Maritime has a beta of 1.46, meaning that its stock price is 46% more volatile than the S&P 500.

Earnings and Valuation

This table compares Rand Logistics and Seanergy Maritime’s top-line revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Rand Logistics $115.45 million 0.03 -$18.22 million ($1.29) -0.17
Seanergy Maritime $34.66 million 1.14 -$24.62 million ($0.47) -2.28

Rand Logistics has higher revenue and earnings than Seanergy Maritime. Seanergy Maritime is trading at a lower price-to-earnings ratio than Rand Logistics, indicating that it is currently the more affordable of the two stocks.

Profitability

This table compares Rand Logistics and Seanergy Maritime’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Rand Logistics -19.24% -319.11% -8.36%
Seanergy Maritime -16.30% -32.51% -3.76%

Summary

Seanergy Maritime beats Rand Logistics on 8 of the 12 factors compared between the two stocks.

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). The Company transports construction aggregates, salt, grain, coal, iron ore, and other dry bulk commodities for customers in the construction, electric utility, food, and integrated steel industries. Lower Lakes’ fleet consists of approximately six self-unloading bulk carriers and over four conventional bulk carriers in Canada and approximately six self-unloading bulk carriers in the United States, including over three articulated tug and barge units. Lower Lakes Towing owns approximately nine Canadian vessels and Lower Lakes Towing (17) Ltd. (Lower Lakes (17)) owns the tenth Canadian vessel.

About Seanergy Maritime

Seanergy Maritime Holdings Corp. is an international shipping company. The Company provides marine dry bulk transportation services through the ownership and operation of dry bulk vessels. It owns a modern fleet of eleven dry bulk carriers, consisting of nine Capesizes and two Supramaxes, with a combined cargo-carrying capacity of approximately 1,682,582 deadweight tonnages (dwt) and an average fleet age of about 8.1 years. Its fleet comprises vessels, including Leadership, Gloriuship, Geniuship, Premiership, Squireship, Championship, Gladiatorship and Guardianship. The Company’s subsidiaries, which are all, owned by it either directly or indirectly, conduct all of its operations and own all of its operating assets. The Company manages its vessel’s operations, insurances and bunkering, and has the general supervision of its third-party technical and commercial managers. V.Ships Limited, which is an independent third party, provides technical management for its vessels.

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