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Rand Logistics Inc. (RLOG) CEO Laurence S Levy buys 30,000 Shares
Posted by: gurufocus (IP Logged)
Date: September 11, 2009 06:15PM

CEO of Rand Logistics Inc. (RLOG) Laurence S Levy buys 30,000 shares of RLOG on 09/09/2009 at an average price of $3.15 a share.

RAND LOGISTICS INC. is a leading provider of bulk freight shipping services throughout the Great Lakes region. Through its subsidiaries the Company operates a fleet of ten 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 is operated under a contract of affreightment. The Company is the only carrier able to offer significant domestic port-to-port services in both Canada and the U.S. on the Great Lakes. The Company's vessels operate under the U.S. Jones Act which dictates that only ships that are built crewed and owned by U.S. citizens can operate between U.S. ports and the Canada Marine Act which requires Canadian commissioned ships to operate between Canadian ports. Rand Logistics Inc. has a market cap of $40.6 million; its shares were traded at around $3.15 with and P/S ratio of 0.3.

Recent Trades of Rand Logistics Inc. by Directors and Officers:

  • Buy: President Edward Levy bought 8,000 shares of RLOG stock on 08/20/2009 at the average price of $2.75; the price of the stock has increased by 14.55% since.

  • Buy: President Edward Levy bought 31,000 more shares of RLOG stock on 08/17/2009 at the average price of $2.8; the price of the stock has increased by 12.5% since.




Stocks Discussed: RLOG,
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