Financial Lp Hrt Purchases 484,963 Shares of Rubico (NASDAQ:RUBI) Stock

Rubico Inc. (NASDAQ:RUBI) major shareholder Financial Lp Hrt bought 484,963 shares of the stock in a transaction on Thursday, June 11th. The shares were bought at an average cost of $0.81 per share, with a total value of $392,820.03. Following the purchase, the insider owned 384,941 shares of the company’s stock, valued at $311,802.21. This trade represents a -484.86% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Friday, June 12th, Financial Lp Hrt sold 551,020 shares of Rubico stock. The stock was sold at an average price of $0.95, for a total value of $523,469.00.

Rubico Stock Performance

RUBI opened at $0.50 on Thursday. Rubico Inc. has a 52 week low of $0.38 and a 52 week high of $15,654.60.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings initiated coverage on Rubico in a research report on Monday. They set a “sell (d-)” rating for the company. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

About Rubico

Rubico Inc is a provider of shipping transportation services specializing in the ownership of vessels. Rubico Inc is based in ATHENS, Greece.