Headlines about Herzfeld Caribbean Basin Fund (NASDAQ:CUBA) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Herzfeld Caribbean Basin Fund earned a daily sentiment score of 0.07 on Accern’s scale. Accern also gave news articles about the investment management company an impact score of 44.3566791098993 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of Herzfeld Caribbean Basin Fund (NASDAQ CUBA) opened at $7.36 on Friday. Herzfeld Caribbean Basin Fund has a 52-week low of $6.61 and a 52-week high of $7.54.
In other news, President Erik Mervin Herzfeld purchased 21,100 shares of the business’s stock in a transaction that occurred 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 acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Thomas J. Herzfeld purchased 19,290 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was purchased at an average price of $7.15 per share, for a total transaction of $137,923.50. The disclosure for this purchase can be found here. Insiders purchased a total of 100,830 shares of company stock worth $719,594 over the last quarter. 5.75% of the stock is currently owned by corporate insiders.
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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).
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