Insider Buying: Herzfeld Caribbean Basin Fund, Inc (CUBA) President Buys $147,278.00 in Stock

Herzfeld Caribbean Basin Fund, Inc (NASDAQ:CUBA) President Erik Mervin Herzfeld bought 21,100 shares of the stock in a transaction on Friday, December 8th. The shares were acquired at an average cost of $6.98 per share, for a total transaction of $147,278.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of Herzfeld Caribbean Basin Fund, Inc (NASDAQ:CUBA) opened at $7.09 on Monday. Herzfeld Caribbean Basin Fund, Inc has a one year low of $6.40 and a one year high of $7.46.

The firm also recently announced an annual dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, December 7th will be paid a dividend of $0.118 per share. The ex-dividend date is Wednesday, December 6th. This represents a yield of 1.68%.

A number of institutional investors and hedge funds have recently made changes to their positions in CUBA. Susquehanna International Group LLP acquired a new stake in Herzfeld Caribbean Basin Fund during the 3rd quarter worth $127,000. Gramercy Funds Management LLC acquired a new stake in Herzfeld Caribbean Basin Fund during the 3rd quarter worth $236,000. Doliver Capital Advisors LP boosted its stake in Herzfeld Caribbean Basin Fund by 1.4% during the 2nd quarter. Doliver Capital Advisors LP now owns 35,683 shares of the investment management company’s stock worth $257,000 after purchasing an additional 501 shares during the last quarter. Blue Bell Private Wealth Management LLC boosted its stake in Herzfeld Caribbean Basin Fund by 160.3% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 82,835 shares of the investment management company’s stock worth $601,000 after purchasing an additional 51,012 shares during the last quarter. Finally, Shaker Financial Services LLC boosted its stake in Herzfeld Caribbean Basin Fund by 239.4% during the 2nd quarter. Shaker Financial Services LLC now owns 98,856 shares of the investment management company’s stock worth $712,000 after purchasing an additional 69,728 shares during the last quarter. 29.21% of the stock is currently owned by institutional investors.

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About Herzfeld Caribbean Basin Fund

The Herzfeld Caribbean Basin Fund, Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to obtain long-term capital appreciation. The Fund pursues its objective by investing primarily in equity and equity-linked securities of public and private companies, including the United States-based companies, whose securities are traded principally on a stock exchange in a Caribbean Basin Country or that have at least 50% of the value of their assets in a Caribbean Basin Country or that derive at least 50% of their total revenue from operations in a Caribbean Basin Country (collectively, Caribbean Basin Companies).

Insider Buying and Selling by Quarter for Herzfeld Caribbean Basin Fund (NASDAQ:CUBA)

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