Rand Logistics, Inc. (NASDAQ:RLOG) Director Laurence S. Levy sold 477,723 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $0.28, for a total value of $133,762.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of Rand Logistics, Inc. (NASDAQ RLOG) remained flat at $$0.28 during trading on Friday. 1,656,018 shares of the stock traded hands, compared to its average volume of 7,888,778. Rand Logistics, Inc. has a 52-week low of $0.19 and a 52-week high of $1.93.

Separately, ValuEngine upgraded Rand Logistics from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 7th.

A hedge fund recently raised its stake in Rand Logistics stock. Renaissance Technologies LLC grew its position in shares of Rand Logistics, Inc. (NASDAQ:RLOG) by 11.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 166,700 shares of the shipping company’s stock after purchasing an additional 17,100 shares during the period. Renaissance Technologies LLC owned approximately 0.90% of Rand Logistics worth $107,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 20.43% of the company’s stock.

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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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