The Herzfeld Caribbean Basin Fund (NASDAQ:CUBA) Share Price Passes Below 200 Day Moving Average of $3.98

The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA – Get Rating) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.98 and traded as low as $3.60. The Herzfeld Caribbean Basin Fund shares last traded at $3.60, with a volume of 9,013 shares.

The Herzfeld Caribbean Basin Fund Stock Performance

The business’s 50 day simple moving average is $4.00 and its two-hundred day simple moving average is $3.98.

The Herzfeld Caribbean Basin Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Wednesday, February 15th will be paid a $0.174 dividend. The ex-dividend date is Tuesday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 19.33%.

Institutional Trading of The Herzfeld Caribbean Basin Fund

Institutional investors have recently modified their holdings of the business. Thomas J. Herzfeld Advisors Inc. grew its stake in shares of The Herzfeld Caribbean Basin Fund by 8.6% in 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 purchasing an additional 49,689 shares during the last quarter. Freedom Wealth Alliance LLC bought a new stake in shares of The Herzfeld Caribbean Basin Fund in the fourth quarter worth $31,000. Blue Bell Private Wealth Management LLC grew its stake in shares of The Herzfeld Caribbean Basin Fund by 25.9% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 21,241 shares of the investment management company’s stock worth $78,000 after purchasing an additional 4,370 shares during the last quarter. Wolverine Asset Management LLC grew its stake in shares of The Herzfeld Caribbean Basin Fund by 64.7% in the fourth quarter. Wolverine Asset Management LLC now owns 65,957 shares of the investment management company’s stock worth $243,000 after purchasing an additional 25,912 shares during the last quarter. Finally, Matisse Capital bought a new stake in The Herzfeld Caribbean Basin Fund during the fourth quarter valued at $205,000. Institutional investors own 13.64% of the company’s stock.

The Herzfeld Caribbean Basin Fund Company Profile

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The Herzfeld Caribbean Basin Fund, Inc operates as a non-diversified and closed-end management investment company. It invests in equity and equity-linked securities of public and private companies. The company was founded on March 10, 1992 and is headquartered in Miami Beach, FL.