Insider Selling: Rand Logistics, Inc. (RLOG) CEO Sells $35,643.33 in Stock

Rand Logistics, Inc. (NASDAQ:RLOG) CEO Edward Levy sold 154,971 shares of the company’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $0.23, for a total transaction of $35,643.33. Following the completion of the transaction, the chief executive officer now directly owns 393,075 shares of the company’s stock, valued at approximately $90,407.25. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

  • On Monday, December 4th, Edward Levy sold 120,000 shares of Rand Logistics stock. The stock was 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 stock was sold at an average price of $0.28, for a total transaction of $5,628.00.

Shares of Rand Logistics, Inc. (RLOG) traded up $0.03 during mid-day trading on Monday, reaching $0.25. 2,152,800 shares of the company’s stock traded hands, compared to its average volume of 1,170,173. Rand Logistics, Inc. has a 1-year low of $0.19 and a 1-year high of $1.93.

Separately, ValuEngine cut shares of Rand Logistics from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 16th.

A hedge fund recently raised its stake in Rand Logistics stock. Renaissance Technologies LLC boosted its stake in Rand Logistics, Inc. (NASDAQ:RLOG) by 11.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 166,700 shares of the shipping company’s stock after purchasing an additional 17,100 shares during the quarter. Renaissance Technologies LLC owned about 0.90% of Rand Logistics worth $107,000 as of its most recent SEC filing. 20.43% of the stock is currently owned by hedge funds and other institutional investors.

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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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