Baird Brent D is Buying Rand Logistics Inc. (NASDAQ:RLOG) Shares
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Rand Logistics Inc. (NASDAQ:RLOG) reported that Baird Brent D has picked up 1,000,000 of common stock as of 2017-04-03.
The acquisition brings the aggregate amount owned by Baird Brent D to a total of 1,000,000 representing less than 5.37% stake in the company.
For those not familiar with the company, 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). The Company transports construction aggregates, salt, grain, coal, iron ore, and other dry bulk commodities for customers in the construction, electric utility, food, and integrated steel industries. Lower Lakes’ fleet consists of approximately six self-unloading bulk carriers and over four conventional bulk carriers in Canada and approximately six self-unloading bulk carriers in the United States, including over three articulated tug and barge units. Lower Lakes Towing owns approximately nine Canadian vessels and Lower Lakes Towing (17) Ltd. (Lower Lakes (17)) owns the tenth Canadian vessel.
A glance at Rand Logistics Inc. (NASDAQ:RLOG)’s key stats reveals a current market capitalization of 10.95 Million based on 18.62 Million shares outstanding and a price at last close of $0.630 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-03-11, Levy picked up 1,500 at a purchase price of $1.04. This brings their total holding to 470,674 as of the date of the filing.
On the sell side, the most recent transaction saw Knott unload 18,013 shares at a sale price of $0.86. This brings their total holding to 260,135.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Rand Logistics Inc. (NASDAQ:RLOG) as things move forward to see if its progress aligns with these transactions.
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Here’s Who Just Picked Up Stamps.com Inc. (NASDAQ:STMP) Shares
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Stamps.com Inc. (NASDAQ:STMP) reported that Park West Asset Management has picked up 310,000 of common stock as of 2017-02-22.
The acquisition brings the aggregate amount owned by Park West Asset Management to a total of 310,000 representing a 1.8% stake in the company.
For those not familiar with the company, Stamps.com Inc. is a provider of Internet-based mailing and shipping solutions. The Company operates through the Internet Mailing and Shipping Services segment. Under the Stamps.com and Endicia branded solutions, the Company’s customers use its service to mail and ship a range of mail pieces, including postcards, envelopes, flats and packages, using a range of United States Postal Service (USPS) mail classes, including First Class Mail, Priority Mail, Priority Mail Express, Media Mail, and Parcel Select, and among others. Its customers include individuals, small businesses, home offices, medium-size businesses and large enterprises, and within these categories, the Company targets both mailers and shippers. In addition, the Company offers multi-carrier shipping solutions under the brand names ShipStation and ShipWorks. The Company’s products and services include Mailing and Shipping Business and Customized Postage.
A glance at Stamps.com Inc. (NASDAQ:STMP)’s key stats reveals a current market capitalization of 2.36 billion based on 17.05 million shares outstanding and a price at last close of $134.39 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-03-15, Jones picked up 10,000 at a purchase price of $113.15. This brings their total holding to 57,286 as of the date of the filing.
On the sell side, the most recent transaction saw Huebner unload 7,000 shares at a sale price of $130.76. This brings their total holding to 16,218.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Stamps.com Inc. (NASDAQ:STMP) as things move forward to see if its progress aligns with these transactions.
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