Financial Lp Hrt Sells 551,020 Shares of Rubico (NASDAQ:RUBI) Stock

Rubico Inc. (NASDAQ:RUBI) major shareholder Financial Lp Hrt sold 551,020 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $0.95, for a total transaction of $523,469.00. Following the completion of the sale, the insider directly owned 384,941 shares of the company’s stock, valued at $365,693.95. This trade represents a 58.87% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Thursday, June 11th, Financial Lp Hrt bought 484,963 shares of Rubico stock. The stock was acquired at an average price of $0.81 per share, for a total transaction of $392,820.03.

Rubico Stock Performance

Rubico stock opened at $0.50 on Thursday. Rubico Inc. has a twelve month low of $0.38 and a twelve month high of $15,654.60.

Wall Street Analyst Weigh In

Separately, Weiss Ratings initiated coverage on Rubico in a report 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, Rubico currently 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.