RMB Capital Management LLC Has $1,373,000 Stake in Rand Logistics Inc. (RLOG)
RMB Capital Management LLC maintained its position in shares of Rand Logistics Inc. (NASDAQ:RLOG) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,806,091 shares of the company’s stock at the end of the third quarter. RMB Capital Management LLC owned 9.76% of Rand Logistics worth $1,373,000 at the end of the most recent reporting period.
Separately, Emerald Acquisition Ltd. bought a new position in Rand Logistics during the second quarter valued at about $335,000. Institutional investors own 51.69% of the company’s stock.
Rand Logistics Inc. (NASDAQ:RLOG) traded down 5.83% on Monday, reaching $0.97. The stock’s 50-day moving average price is $0.84 and its 200-day moving average price is $0.94. The company’s market capitalization is $18.01 million. Rand Logistics Inc. has a one year low of $0.68 and a one year high of $2.95.
Rand Logistics (NASDAQ:RLOG) last posted its quarterly earnings results on Thursday, November 10th. The company reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.06. The company earned $39.24 million during the quarter, compared to the consensus estimate of $39.10 million. Rand Logistics had a negative net margin of 14.92% and a negative return on equity of 53.29%. On average, analysts forecast that Rand Logistics Inc. will post ($0.30) earnings per share for the current fiscal year.
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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