The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ:CUBA) Director Thomas J. Herzfeld bought 16,620 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were bought at an average price of $7.04 per share, with a total value of $117,004.80. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ CUBA) traded down $0.05 during trading hours on Friday, hitting $7.10. 17,141 shares of the company were exchanged, compared to its average volume of 25,355. The Herzfeld Caribbean Basin Fund, Inc. has a 12-month low of $6.40 and a 12-month high of $7.46.

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

Several large investors have recently modified their holdings of the stock. Susquehanna International Group LLP bought a new position in shares of The Herzfeld Caribbean Basin Fund during the third quarter worth $127,000. City of London Investment Management Co. Ltd. boosted its position in shares of The Herzfeld Caribbean Basin Fund by 94.4% during the third quarter. City of London Investment Management Co. Ltd. now owns 306,004 shares of the investment management company’s stock worth $2,223,000 after acquiring an additional 148,587 shares during the last quarter. Gramercy Funds Management LLC bought a new position in shares of The Herzfeld Caribbean Basin Fund during the third quarter worth $236,000. Blue Bell Private Wealth Management LLC boosted its position in shares of The 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 acquiring an additional 51,012 shares during the last quarter. Finally, Doliver Capital Advisors LP boosted its position in shares of The 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 acquiring an additional 501 shares during the last quarter. Hedge funds and other institutional investors own 29.21% of the company’s stock.

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The 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 The Herzfeld Caribbean Basin Fund (NASDAQ:CUBA)

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