Rand Logistics, Inc. (RLOG) CEO Edward Levy Sells 91,992 Shares of Stock

Rand Logistics, Inc. (NASDAQ:RLOG) CEO Edward Levy sold 91,992 shares of Rand Logistics stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $0.18, for a total transaction of $16,558.56. Following the completion of the sale, the chief executive officer now owns 239,877 shares of the company’s stock, valued at $43,177.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

  • On Tuesday, December 19th, Edward Levy sold 10,000 shares of Rand Logistics stock. The shares were sold at an average price of $0.20, for a total transaction of $2,000.00.
  • On Tuesday, December 12th, Edward Levy sold 48,127 shares of Rand Logistics stock. The shares were sold at an average price of $0.22, for a total transaction of $10,587.94.
  • On Thursday, December 7th, Edward Levy sold 154,971 shares of Rand Logistics stock. The shares were sold at an average price of $0.23, for a total transaction of $35,643.33.
  • On Monday, December 4th, Edward Levy sold 120,000 shares of Rand Logistics stock. The shares were sold at an average price of $0.25, for a total transaction of $30,000.00.
  • On Friday, December 1st, Edward Levy sold 20,100 shares of Rand Logistics stock. The shares were sold at an average price of $0.28, for a total transaction of $5,628.00.

Rand Logistics, Inc. (NASDAQ RLOG) traded down $0.03 during midday trading on Friday, hitting $0.16. 3,000,488 shares of the stock were exchanged, compared to its average volume of 2,695,118. Rand Logistics, Inc. has a 52 week low of $0.15 and a 52 week high of $1.93. The firm has a market capitalization of $3.53, a P/E ratio of -0.12 and a beta of 1.24.

A hedge fund recently raised its stake in Rand Logistics stock. Renaissance Technologies LLC lifted its holdings in shares of Rand Logistics, Inc. (NASDAQ:RLOG) by 11.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 166,700 shares of the shipping company’s stock after acquiring an additional 17,100 shares during the period. Renaissance Technologies LLC owned approximately 0.90% of Rand Logistics worth $107,000 at the end of the most recent reporting period. 20.36% of the stock is currently owned by institutional investors and hedge funds.

Separately, ValuEngine upgraded shares of Rand Logistics from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 7th.

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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).

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

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