Rubico (NASDAQ:RUBI) Major Shareholder Financial Lp Hrt Buys 484,963 Shares of Stock

Rubico Inc. (NASDAQ:RUBI) major shareholder Financial Lp Hrt acquired 484,963 shares of Rubico stock in a transaction dated Thursday, June 11th. The stock was bought at an average price of $0.81 per share, for a total transaction of $392,820.03. Following the completion of the purchase, the insider owned 384,941 shares of the company’s stock, valued at approximately $311,802.21. This represents a -484.86% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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 shares were sold at an average price of $0.95, for a total value of $523,469.00.

Rubico Stock Performance

Shares of NASDAQ RUBI opened at $0.42 on Wednesday. Rubico Inc. has a 12-month low of $0.38 and a 12-month high of $15,654.60.

Analysts Set New Price Targets

Separately, Weiss Ratings initiated coverage on Rubico in a research note on Monday. They issued a “sell (d-)” rating on the stock. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company 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.