The Herzfeld Caribbean Basin Fund (NASDAQ:CUBA) Share Price Crosses Below 200 Day Moving Average of $4.59

Shares of The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBAGet Rating) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.59 and traded as low as $4.06. The Herzfeld Caribbean Basin Fund shares last traded at $4.06, with a volume of 9,674 shares traded.

The Herzfeld Caribbean Basin Fund Trading Down 1.7 %

The business has a 50-day moving average of $4.34 and a two-hundred day moving average of $4.59.

The Herzfeld Caribbean Basin Fund Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Monday, August 22nd will be issued a dividend of $0.174 per share. This represents a $0.70 annualized dividend and a yield of 17.14%. The ex-dividend date is Friday, August 19th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Lincoln National Corp lifted its holdings in The Herzfeld Caribbean Basin Fund by 17.8% during the 2nd quarter. Lincoln National Corp now owns 33,739 shares of the investment management company’s stock worth $135,000 after buying an additional 5,098 shares during the period. Logan Stone Capital LLC acquired a new position in The Herzfeld Caribbean Basin Fund during the 4th quarter worth about $66,000. CSS LLC IL lifted its holdings in The Herzfeld Caribbean Basin Fund by 24.4% during the 4th quarter. CSS LLC IL now owns 91,725 shares of the investment management company’s stock worth $508,000 after buying an additional 17,967 shares during the period. Finally, Thomas J. Herzfeld Advisors Inc. lifted its stake in shares of The Herzfeld Caribbean Basin Fund by 14.1% in the 2nd quarter. Thomas J. Herzfeld Advisors Inc. now owns 576,462 shares of the investment management company’s stock valued at $2,312,000 after purchasing an additional 71,308 shares during the period. 13.64% of the stock is owned by institutional investors and hedge funds.

The Herzfeld Caribbean Basin Fund Company Profile

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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.

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