Last $6.48 USD
Change Today -0.20 / -2.99%
Volume 7.2K
As of 8:10 PM 04/16/14 All times are local (Market data is delayed by at least 15 minutes).

rand logistics inc (RLOG) Snapshot

Open
$6.68
Previous Close
$6.68
Day High
$6.71
Day Low
$6.36
52 Week High
03/12/14 - $7.49
52 Week Low
09/16/13 - $4.66
Market Cap
116.2M
Average Volume 10 Days
16.6K
EPS TTM
$-0.64
Shares Outstanding
17.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for RAND LOGISTICS INC (RLOG)

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rand logistics inc (RLOG) Details

Rand Logistics, Inc., through its subsidiaries, provides bulk freight shipping services in the Great Lakes. The company offers domestic port-to-port and River Class bulk freight shipping services. Its fleet includes 4 conventional bulk carriers; and 12 self-unloading bulk carriers, including 4 tug/barge units. The company 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. Rand Logistics, Inc. was founded in 1994 and is based in New York, New York.

543 Employees
Last Reported Date: 06/12/13
Founded in 1994

rand logistics inc (RLOG) Top Compensated Officers

President
Total Annual Compensation: $350.0K
Executive Chairman
Total Annual Compensation: $400.0K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $250.0K
Director, President of Lower Lakes & Lower La...
Total Annual Compensation: $285.8K
Compensation as of Fiscal Year 2013.

rand logistics inc (RLOG) Key Developments

Rand Logistics Announces Vessel Acquisition

Rand Logistics, Inc. announced the acquisition of a Danish flagged chemical tanker that will be converted to a Canadian flagged river class self-unloader vessel. The new vessel will support recent new long-term contract awards which begin in April 2015. Upon conversion, this vessel will be the first new Canadian flagged river class self-unloader introduced into service on the Great Lakes. Once introduced into service, this vessel will increase the size of Rand’s fleet to 17, including 10 Canadian flagged and 7 U.S. flagged vessels.

Rand Logistics Announces $212.5 Million Refinancing; Resets Dividend Rate on Accrued Preferred Stock

Rand Logistics, Inc. announced a $212.5 million financing comprised of a $140.0 million senior secured credit facility and a $72.5 million second lien facility to refinance its existing senior secured debt and accrued preferred dividends. The refinancing, combined with the company's payment of its accrued preferred stock dividends, accomplishes the following financial objectives; Reduces the company's combined cost of debt and preferred stock to 7.0%; Extends debt maturities through 2019; Reduces mandatory debt amortization payments to less than $1.1 million per year through 2018; Reduces annual debt service and preferred stock payments by $2 million; Resets the dividend rate on the company's convertible preferred stock from 12.0% to 7.75% per annum; and Provides the company with the option to repurchase up to $7.5 million of its convertible preferred stock for par value plus any accrued dividends outstanding. The senior debt financing was provided by a syndicate led by GE Capital Corporation and the second lien facility was provided by a syndicate led by Guggenheim Corporate Funding, LLC. Barclays acted as exclusive placement agent for the second lien facility.

Rand Logistics, Inc. Announces Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended December 31, 2013

Rand Logistics, Inc. announced unaudited consolidated financial results for the third quarter and nine months ended December 31, 2013. For the quarter, total revenue was $49,899,000 against $49,542,000 a year ago. Operating income was $7,674,000 against $6,059,000 a year ago. Income before income taxes was $5,462,000 against $3,637,000 a year ago. Net income before preferred stock dividends was $1,681,000 against $3,416,000 a year ago. Net income applicable to common stockholders was $775,000 or $0.04 per basic and diluted share against $2,612,000 or $0.15 per basic and diluted share a year ago. For the nine months, total revenue was $148,841,000 against $149,725,000 a year ago. Operating income was $24,366,000 against $23,549,000 a year ago. Income before income taxes was $17,423,000 against $13,396,000 a year ago. Net income before preferred stock dividends was $5,474,000 against $9,393,000 a year ago. Net income applicable to common stockholders was $2,835,000 or $0.16 per basic and diluted share against $7,049,000 or $0.40 per basic and diluted share a year ago.

 

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RLOG

Industry Average

Valuation RLOG Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.8x
Price/Book 2.0x
Price/Cash Flow 11.3x
TEV/Sales NM Not Meaningful
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