The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA - Get Free Report) Chairman Thomas J. Herzfeld purchased 7,297 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average price of $2.65 per share, for a total transaction of $19,337.05. Following the acquisition, the chairman now directly owns 1,564,310 shares in the company, valued at $4,145,421.50. This represents a 0.47 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
The Herzfeld Caribbean Basin Fund Stock Up 1.1 %
Shares of NASDAQ:CUBA opened at $2.65 on Friday. The Herzfeld Caribbean Basin Fund Inc. has a 52-week low of $2.15 and a 52-week high of $2.66. The stock's 50-day moving average is $2.44 and its 200-day moving average is $2.40.
The Herzfeld Caribbean Basin Fund Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Tuesday, December 31st were paid a dividend of $0.2325 per share. This is an increase from The Herzfeld Caribbean Basin Fund's previous quarterly dividend of $0.14. The ex-dividend date was Tuesday, December 31st. This represents a $0.93 annualized dividend and a yield of 35.09%.
Institutional Trading of The Herzfeld Caribbean Basin Fund
A number of hedge funds have recently modified their holdings of CUBA. Arete Wealth Advisors LLC bought a new position in shares of The Herzfeld Caribbean Basin Fund during the 4th quarter worth approximately $54,000. Avantax Advisory Services Inc. acquired a new stake in shares of The Herzfeld Caribbean Basin Fund during the fourth quarter worth $135,000. Quarry LP lifted its holdings in shares of The Herzfeld Caribbean Basin Fund by 21.0% during the third quarter. Quarry LP now owns 126,287 shares of the investment management company's stock worth $285,000 after buying an additional 21,943 shares in the last quarter. Bulldog Investors LLP lifted its holdings in shares of The Herzfeld Caribbean Basin Fund by 1,199.9% during the fourth quarter. Bulldog Investors LLP now owns 277,149 shares of the investment management company's stock worth $649,000 after buying an additional 255,829 shares in the last quarter. Finally, Absolute Investment Advisers LLC acquired a new stake in shares of The Herzfeld Caribbean Basin Fund during the fourth quarter worth $1,277,000. Institutional investors own 15.74% of the company's stock.
The Herzfeld Caribbean Basin Fund Company Profile
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Get Free Report)
The Herzfeld Caribbean Basin Fund Inc is a closed-ended equity mutual fund launched by Thomas J. Herzfeld Advisors, Inc The fund is managed by Herzfeld/Cuba. It invests in the public equity markets of the United States. The fund employing fundamental analysis investing in stocks of companies that are likely to benefit from economic, political, structural and technological developments in the countries in the Caribbean Basin, which consist of Cuba, Jamaica, Trinidad and Tobago, the Bahamas, the Dominican Republic, Barbados, Aruba, Haiti, the Netherlands Antilles, the Commonwealth of Puerto Rico, Mexico, Honduras, Guatemala, Belize, Costa Rica, Panama, Colombia and Venezuela.
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