Insider Buying: Rubico (NASDAQ:RUBI) Major Shareholder Purchases $392,820.03 in Stock

Rubico Inc. (NASDAQ:RUBI) major shareholder Financial Lp Hrt acquired 484,963 shares of the 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 purchase, the insider owned 384,941 shares of the company’s stock, valued at $311,802.21. The trade was a -484.86% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases 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 transaction of $523,469.00.

Rubico Trading Down 15.0%

NASDAQ:RUBI opened at $0.42 on Friday. Rubico Inc. has a one year low of $0.38 and a one year high of $15,654.60.

Wall Street Analysts Forecast Growth

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

Rubico Company Profile

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