Herzfeld Caribbean Basin Fund, Inc (NASDAQ:CUBA) Director Thomas J. Herzfeld acquired 19,290 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were purchased at an average price of $7.15 per share, with a total value of $137,923.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Herzfeld Caribbean Basin Fund, Inc (NASDAQ:CUBA) traded up $0.05 during trading on Wednesday, reaching $7.21. 8,303 shares of the company traded hands, compared to its average volume of 11,650. Herzfeld Caribbean Basin Fund, Inc has a 52-week low of $6.40 and a 52-week high of $7.46.

The company also recently disclosed an annual dividend, which was paid on Thursday, December 28th. Investors of record on Thursday, December 7th were given a dividend of $0.118 per share. This represents a yield of 1.68%. The ex-dividend date of this dividend was Wednesday, December 6th.

A number of institutional investors have recently added to or reduced their stakes in CUBA. Susquehanna International Group LLP acquired a new stake in Herzfeld Caribbean Basin Fund during the third quarter worth about $127,000. Gramercy Funds Management LLC acquired a new stake in Herzfeld Caribbean Basin Fund during the third quarter worth about $236,000. Doliver Capital Advisors LP boosted its stake in Herzfeld Caribbean Basin Fund by 1.4% during the second quarter. Doliver Capital Advisors LP now owns 35,683 shares of the investment management company’s stock worth $257,000 after buying an additional 501 shares during the period. Blue Bell Private Wealth Management LLC boosted its stake in Herzfeld Caribbean Basin Fund by 160.3% during the third quarter. Blue Bell Private Wealth Management LLC now owns 82,835 shares of the investment management company’s stock worth $601,000 after buying an additional 51,012 shares during the period. Finally, City of London Investment Management Co. Ltd. boosted its stake in Herzfeld Caribbean Basin Fund by 94.7% during the second quarter. City of London Investment Management Co. Ltd. now owns 157,417 shares of the investment management company’s stock worth $1,134,000 after buying an additional 76,567 shares during the period. Hedge funds and other institutional investors own 29.21% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Thomas J. Herzfeld Acquires 19,290 Shares of Herzfeld Caribbean Basin Fund, Inc (CUBA) Stock” was published by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another site, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this report can be viewed at https://www.americanbankingnews.com/2018/01/03/thomas-j-herzfeld-acquires-19290-shares-of-herzfeld-caribbean-basin-fund-inc-cuba-stock.html.

Herzfeld Caribbean Basin Fund Company Profile

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)

Receive News & Ratings for Herzfeld Caribbean Basin Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Herzfeld Caribbean Basin Fund and related companies with MarketBeat.com's FREE daily email newsletter.