Zacks: Rand Logistics, Inc. (NASDAQ:RLOG) Receives Average Recommendation of “” from Brokerages
Rand Logistics, Inc. (NASDAQ:RLOG) has earned an average broker rating score of 0.00 () from the zero analysts that cover the stock, Zacks Investment Research reports.
Zacks has also assigned Rand Logistics an industry rank of 180 out of 265 based on the ratings given to related companies.
Several hedge funds and other institutional investors have recently modified their holdings of RLOG. Emancipation Management LLC raised its position in Rand Logistics by 316.4% in the first quarter. Emancipation Management LLC now owns 721,966 shares of the shipping company’s stock worth $462,000 after buying an additional 548,601 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in Rand Logistics during the fourth quarter worth $167,000. Finally, Renaissance Technologies LLC raised its position in Rand Logistics by 7.2% in the fourth quarter. Renaissance Technologies LLC now owns 149,600 shares of the shipping company’s stock worth $124,000 after buying an additional 10,000 shares during the last quarter. Hedge funds and other institutional investors own 44.76% of the company’s stock.
Rand Logistics (NASDAQ:RLOG) opened at 0.308 on Tuesday. The stock has a 50 day moving average of $0.37 and a 200 day moving average of $0.65. The firm’s market cap is $5.74 million. Rand Logistics has a one year low of $0.19 and a one year high of $2.95.
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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