Somewhat Positive Press Coverage Somewhat Unlikely to Affect Rand Logistics (RLOG) Share Price
Press coverage about Rand Logistics (NASDAQ:RLOG) has trended somewhat positive on Saturday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Rand Logistics earned a daily sentiment score of 0.03 on Accern’s scale. Accern also assigned news stories about the shipping company an impact score of 47.2487184266837 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Rand Logistics, Inc. (RLOG) Given Average Rating of “” by Analysts (americanbankingnews.com)
- BRIEF-Brent Baird buys 400,000 shares of Rand Logistics on Aug 24 (RLOG) (markets.businessinsider.com)
- Insider Trading Activity Rand Logistics, Inc. (NASDAQ:RLOG) – Major Shareholder Bought 400,000 shares of Stock (4-traders.com)
- Insider Buying: Rand Logistics, Inc. (RLOG) Major Shareholder Buys 400,000 Shares of Stock (americanbankingnews.com)
Rand Logistics (NASDAQ:RLOG) traded up 1.8605% during mid-day trading on Friday, hitting $0.2847. The company had a trading volume of 139,142 shares. The company has a 50-day moving average price of $0.29 and a 200 day moving average price of $0.53. The company’s market capitalization is $5.30 million. Rand Logistics has a 52-week low of $0.19 and a 52-week high of $2.95.
Rand Logistics (NASDAQ:RLOG) last posted its earnings results on Monday, August 14th. The shipping company reported ($0.30) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.41. Rand Logistics had a negative return on equity of 160.74% and a negative net margin of 18.21%. The firm had revenue of $32.34 million for the quarter. On average, analysts forecast that Rand Logistics will post ($0.18) EPS for the current fiscal year.
In other news, major shareholder Brent D. Baird bought 309,460 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were purchased at an average price of $0.29 per share, with a total value of $89,743.40. Following the purchase, the insider now owns 1,943,223 shares in the company, valued at $563,534.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Brent D. Baird bought 350,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were purchased at an average cost of $0.29 per share, for a total transaction of $101,500.00. Following the purchase, the insider now owns 2,252,683 shares in the company, valued at approximately $653,278.07. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 1,059,460 shares of company stock worth $307,243. 13.10% of the stock is owned by corporate insiders.
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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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