Rand Logistics, Inc. (NASDAQ:RLOG) shares fell 13.3% on Friday . The stock traded as low as $0.26 and last traded at $0.26. 520,275 shares changed hands during trading, a decline of 53% from the average session volume of 1,098,820 shares. The stock had previously closed at $0.30.

The firm’s 50-day moving average is $0.28 and its 200-day moving average is $0.49. The firm’s market cap is $4.84 million.

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

In other Rand Logistics news, major shareholder Brent D. Baird acquired 309,460 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were acquired 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 of the company’s stock, valued at approximately $563,534.67. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Brent D. Baird acquired 400,000 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The shares were acquired at an average cost of $0.29 per share, for a total transaction of $116,000.00. Following the purchase, the insider now directly owns 2,602,683 shares in the company, valued at approximately $754,778.07. The disclosure for this purchase can be found here. Insiders have purchased a total of 1,059,460 shares of company stock worth $307,243 in the last ninety days. 13.10% of the stock is currently owned by company insiders.

An institutional investor recently raised its position in Rand Logistics stock. Renaissance Technologies LLC raised its position in Rand Logistics, Inc. (NASDAQ:RLOG) by 11.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 166,700 shares of the shipping company’s stock after purchasing an additional 17,100 shares during the quarter. Renaissance Technologies LLC owned 0.90% of Rand Logistics worth $107,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 31.12% of the company’s stock.

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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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