Rand Logistics, Inc. (NASDAQ:RLOG) major shareholder Brent D. Baird sold 686,398 shares of the stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $0.18, for a total value of $123,551.64. Following the completion of the sale, the insider now owns 2,637,917 shares of the company’s stock, valued at $474,825.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Rand Logistics, Inc. (NASDAQ:RLOG) opened at $0.16 on Wednesday. Rand Logistics, Inc. has a fifty-two week low of $0.15 and a fifty-two week high of $1.93. The stock has a market capitalization of $2.96, a PE ratio of -0.12 and a beta of 1.24.
Separately, ValuEngine upgraded Rand Logistics from a “strong sell” rating to a “sell” rating in a 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).
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