Shaker Financial Services LLC raised its stake in shares of Herzfeld Caribbean Basin Fund, Inc. common stock (NASDAQ:CUBA) by 16.3% in the second quarter, Holdings Channel reports. The institutional investor owned 103,532 shares of the investment management company’s stock after buying an additional 14,500 shares during the quarter. Shaker Financial Services LLC’s holdings in Herzfeld Caribbean Basin Fund, Inc. common stock were worth $683,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in CUBA. Thomas J. Herzfeld Advisors Inc. raised its stake in Herzfeld Caribbean Basin Fund, Inc. common stock by 2.2% during the 1st quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,242,397 shares of the investment management company’s stock valued at $8,928,000 after buying an additional 26,536 shares during the last quarter. Doliver Capital Advisors LP raised its stake in Herzfeld Caribbean Basin Fund, Inc. common stock by 54.3% during the 1st quarter. Doliver Capital Advisors LP now owns 59,037 shares of the investment management company’s stock valued at $424,000 after buying an additional 20,785 shares during the last quarter. Finally, Guggenheim Capital LLC purchased a new stake in Herzfeld Caribbean Basin Fund, Inc. common stock during the 1st quarter valued at $123,000. Institutional investors and hedge funds own 35.11% of the company’s stock.

Shares of CUBA opened at $6.58 on Friday. Herzfeld Caribbean Basin Fund, Inc. common stock has a 1-year low of $6.51 and a 1-year high of $7.54.

In related news, Director Thomas J. Herzfeld bought 10,000 shares of the firm’s stock in a transaction on Monday, June 25th. The stock was acquired at an average cost of $6.69 per share, for a total transaction of $66,900.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 5.75% of the stock is currently owned by insiders.

About Herzfeld Caribbean Basin Fund, Inc. common stock

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Institutional Ownership by Quarter for Herzfeld Caribbean Basin Fund, Inc. common stock (NASDAQ:CUBA)

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