Edward Levy Sells 120,000 Shares of Rand Logistics, Inc. (RLOG) Stock

Rand Logistics, Inc. (NASDAQ:RLOG) CEO Edward Levy sold 120,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $0.25, for a total value of $30,000.00. Following the transaction, the chief executive officer now directly owns 552,875 shares in the company, valued at approximately $138,218.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Edward Levy also recently made the following trade(s):

  • On Friday, December 1st, Edward Levy sold 20,100 shares of Rand Logistics stock. The stock was sold at an average price of $0.28, for a total value of $5,628.00.

Shares of Rand Logistics, Inc. (NASDAQ:RLOG) remained flat at $$0.25 during mid-day trading on Tuesday. The stock had a trading volume of 4,787,467 shares, compared to its average volume of 1,147,779. Rand Logistics, Inc. has a 52-week low of $0.19 and a 52-week high of $1.93.

Separately, ValuEngine lowered Rand Logistics from a “sell” rating to a “strong sell” rating in a report on Thursday, November 16th.

An institutional investor recently raised its position in Rand Logistics stock. Renaissance Technologies LLC grew its position in shares of Rand Logistics, Inc. (NASDAQ:RLOG) by 11.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund 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 SEC. Institutional investors and hedge funds own 20.43% of the company’s stock.

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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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