Rand Logistics (RLOG) Earns Daily News Sentiment Rating of 0.08

Media headlines about Rand Logistics (NASDAQ:RLOG) have trended somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Rand Logistics earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave headlines about the shipping company an impact score of 45.4268695749334 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Shares of Rand Logistics (RLOG) traded down 2.591% during trading on Friday, hitting $0.297. 142,165 shares of the company’s stock were exchanged. The company has a 50-day moving average of $0.29 and a 200-day moving average of $0.45. The company’s market cap is $5.53 million. Rand Logistics has a 12-month low of $0.19 and a 12-month high of $2.95.

Rand Logistics (NASDAQ:RLOG) last announced its quarterly earnings data on Monday, August 14th. The shipping company reported ($0.30) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.41). Rand Logistics had a negative net margin of 18.21% and a negative return on equity of 160.74%. The firm had revenue of $32.34 million during the quarter. On average, equities analysts expect that Rand Logistics will post ($0.18) earnings per share for the current fiscal year.

In other news, major shareholder Brent D. Baird acquired 300,000 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was purchased at an average price of $0.29 per share, with a total value of $87,000.00. Following the completion of the acquisition, the insider now owns 2,952,683 shares of the company’s stock, valued at approximately $856,278.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Brent D. Baird acquired 350,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was purchased at an average cost of $0.29 per share, with a total value of $101,500.00. Following the acquisition, the insider now directly owns 2,252,683 shares of the company’s stock, valued at approximately $653,278.07. The disclosure for this purchase can be found here. Insiders purchased 1,359,460 shares of company stock valued at $394,243 in the last three months. 13.10% of the stock is currently owned by insiders.

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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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