The Herzfeld Caribbean Basin Fund (NASDAQ:CUBA) Stock Crosses Below 200 Day Moving Average of $4.24

Shares of The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBAGet Rating) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.24 and traded as low as $3.94. The Herzfeld Caribbean Basin Fund shares last traded at $4.05, with a volume of 45,942 shares trading hands.

The Herzfeld Caribbean Basin Fund Stock Up 1.6 %

The business has a 50 day simple moving average of $3.98 and a 200-day simple moving average of $4.24.

The Herzfeld Caribbean Basin Fund Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, November 18th will be paid a $0.174 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 17.19%. The ex-dividend date is Thursday, November 17th.

Insider Buying and Selling at The Herzfeld Caribbean Basin Fund

In other news, President Erik Mervin Herzfeld sold 33,365 shares of the firm’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $4.98, for a total transaction of $166,157.70. Following the transaction, the president now directly owns 200,735 shares of the company’s stock, valued at $999,660.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, President Erik Mervin Herzfeld sold 33,365 shares of the firm’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $4.98, for a total transaction of $166,157.70. Following the transaction, the president now directly owns 200,735 shares of the company’s stock, valued at $999,660.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas J. Herzfeld sold 71,983 shares of the firm’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $4.98, for a total value of $358,475.34. Following the transaction, the director now directly owns 536,489 shares in the company, valued at $2,671,715.22. The disclosure for this sale can be found here. Over the last three months, insiders have sold 105,963 shares of company stock worth $527,696. 9.41% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CUBA. Cambridge Investment Research Advisors Inc. grew its holdings in The Herzfeld Caribbean Basin Fund by 26.5% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 21,201 shares of the investment management company’s stock worth $77,000 after acquiring an additional 4,437 shares during the period. Lincoln National Corp grew its holdings in The Herzfeld Caribbean Basin Fund by 17.8% during the second quarter. Lincoln National Corp now owns 33,739 shares of the investment management company’s stock worth $135,000 after acquiring an additional 5,098 shares during the period. Wolverine Asset Management LLC acquired a new position in The Herzfeld Caribbean Basin Fund during the third quarter worth about $145,000. CSS LLC IL grew its holdings in The Herzfeld Caribbean Basin Fund by 23.0% during the second quarter. CSS LLC IL now owns 114,951 shares of the investment management company’s stock worth $461,000 after acquiring an additional 21,485 shares during the period. Finally, Thomas J. Herzfeld Advisors Inc. grew its holdings in The Herzfeld Caribbean Basin Fund by 8.6% during the third quarter. Thomas J. Herzfeld Advisors Inc. now owns 626,151 shares of the investment management company’s stock worth $2,270,000 after acquiring an additional 49,689 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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