Rand Logistics, Inc. (RLOG) Files Form 4 Insider Selling : David M Knott Sells 52,147 Shares

Rand Logistics, Inc. (RLOG): David M Knott , 10% owner of Rand Logistics, Inc. sold 52,147 shares on Apr 8, 2016. The Insider selling transaction was disclosed on Apr 12, 2016 to the Securities and Exchange Commission. The shares were sold at $0.91 per share for a total value of $46,728.23.

Currently the company Insiders own 12.6% of Rand Logistics shares according to the proxy statements.In the past twelve weeks, the net percent change held by company insiders has changed by 1.95%.Institutional Investors own 65.62% of Rand Logistics shares.During last six month period, the net percent change held by insiders has seen a change of 10.21%.

Shares of Rand Logistics (RLOG) ended Monday, Apr 11, 2016 session in red amid volatile trading. The shares closed down -0.05 points or -5.49% at $0.86 with 1,00,743 shares getting traded. Post opening the session at $0.92, the shares hit an intraday low of $0.855 and an intraday high of $0.98 and the price vacillated in this range throughout the day. The company has a market cap of $16 M and the number of outstanding shares has been calculated to be 1,82,81,008 shares. The 52-week high of Rand Logistics is $3.67 and the 52-week low is $0.737.

Rand Logistics Money Flow Index Chart

Rand Logistics Inc. is a provider of bulk freight shipping services. Through its subsidiaries the Company operates a fleet of over 10 self-unloading bulk carriers including eight River Class vessels and one River Class integrated tug/barge unit and three conventional bulk carriers of which one are operated under a contract of affreightment. Its shipping business is operated in Canada by Lower Lakes Towing and in the United States by Lower Lakes Transportation. Lower Lakes Towing provides marine transportation services to dry bulk goods suppliers and purchasers operating in ports on the Great Lakes and is a service shipping company with a fleet of over 15 cargo-carrying vessels. It transports construction aggregates coal iron ore salt grain and other dry bulk commodities for customers in the construction electric utility integrated steel and food industries. Its fleet consists of the vessels including Cuyahoga Michipicoten Mississagi Saginaw and Ojibway among others.

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