Brigitta Suzanne Herzfeld Buys 13,759 Shares of The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) Stock

The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) Director Brigitta Suzanne Herzfeld bought 13,759 shares of The Herzfeld Caribbean Basin Fund stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average cost of $2.47 per share, for a total transaction of $33,984.73. Following the purchase, the director now owns 99,951 shares of the company’s stock, valued at $246,878.97. The trade was a 15.96 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

The Herzfeld Caribbean Basin Fund Stock Up 0.4 %

Shares of NASDAQ:CUBA opened at $2.62 on Friday. The stock’s 50-day moving average price is $2.42 and its 200-day moving average price is $2.39. The Herzfeld Caribbean Basin Fund Inc. has a 12-month low of $2.15 and a 12-month high of $2.95.

The Herzfeld Caribbean Basin Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.2325 per share. This is a boost from The Herzfeld Caribbean Basin Fund’s previous quarterly dividend of $0.14. This represents a $0.93 dividend on an annualized basis and a dividend yield of 35.50%. The ex-dividend date of this dividend was Tuesday, December 31st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Arete Wealth Advisors LLC bought a new position in shares of The Herzfeld Caribbean Basin Fund during the fourth quarter valued at about $54,000. International Assets Investment Management LLC grew its stake in shares of The Herzfeld Caribbean Basin Fund by 166.9% during the third quarter. International Assets Investment Management LLC now owns 32,474 shares of the investment management company’s stock valued at $730,000 after buying an additional 20,308 shares during the last quarter. Avantax Advisory Services Inc. bought a new position in shares of The Herzfeld Caribbean Basin Fund during the fourth quarter valued at about $135,000. Quarry LP boosted 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 purchasing an additional 21,943 shares during the period. Finally, Bulldog Investors LLP boosted 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 purchasing an additional 255,829 shares during the period. 15.74% of the stock is owned by institutional investors.

About The Herzfeld Caribbean Basin Fund

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.