Ryan M. Paylor Buys 20,000 Shares of The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) Stock

The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) Portfolio Manager Ryan M. Paylor bought 20,000 shares of The Herzfeld Caribbean Basin Fund stock in a transaction that occurred on Monday, March 24th. The stock was bought at an average cost of $2.69 per share, for a total transaction of $53,800.00. Following the purchase, the portfolio manager now owns 46,144 shares in the company, valued at $124,127.36. This represents a 76.50 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

The Herzfeld Caribbean Basin Fund Stock Performance

Shares of NASDAQ CUBA traded down $0.03 during trading on Wednesday, reaching $2.67. The company had a trading volume of 37,155 shares, compared to its average volume of 71,417. The Herzfeld Caribbean Basin Fund Inc. has a twelve month low of $2.15 and a twelve month high of $2.73. The stock has a 50-day moving average price of $2.49 and a two-hundred day moving average price of $2.42.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Quarry LP grew 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. Arete Wealth Advisors LLC acquired a new stake in The Herzfeld Caribbean Basin Fund during the fourth quarter worth approximately $54,000. Avantax Advisory Services Inc. purchased a new stake in The Herzfeld Caribbean Basin Fund in the 4th quarter worth approximately $135,000. Bulldog Investors LLP raised its holdings in The Herzfeld Caribbean Basin Fund by 1,199.9% in the 4th quarter. Bulldog Investors LLP now owns 277,149 shares of the investment management company’s stock valued at $649,000 after acquiring an additional 255,829 shares during the last quarter. Finally, Absolute Investment Advisers LLC purchased a new position in shares of The Herzfeld Caribbean Basin Fund during the 4th quarter worth $1,277,000. Institutional investors and hedge funds own 15.74% of the company’s stock.

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.