Ryan M. Paylor Purchases 20,000 Shares of The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) Stock

The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) Portfolio Manager Ryan M. Paylor bought 20,000 shares of the company’s stock in a transaction dated Monday, March 24th. The stock was bought at an average cost of $2.69 per share, with a total value of $53,800.00. Following the completion of the acquisition, the portfolio manager now owns 46,144 shares in the company, valued at $124,127.36. This represents a 76.50 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

The Herzfeld Caribbean Basin Fund Trading Down 0.4 %

Shares of NASDAQ:CUBA opened at $2.66 on Friday. The business’s fifty day moving average price is $2.50 and its two-hundred day moving average price is $2.43. The Herzfeld Caribbean Basin Fund Inc. has a fifty-two week low of $2.15 and a fifty-two week high of $2.73.

Institutional Investors Weigh In On The Herzfeld Caribbean Basin Fund

A number of hedge funds have recently made changes to their positions in CUBA. Quarry LP boosted its position in The Herzfeld Caribbean Basin Fund by 21.0% in the third quarter. Quarry LP now owns 126,287 shares of the investment management company’s stock valued at $285,000 after buying an additional 21,943 shares in the last quarter. Arete Wealth Advisors LLC acquired a new position in shares of The Herzfeld Caribbean Basin Fund in the 4th quarter worth approximately $54,000. Avantax Advisory Services Inc. bought a new stake in The Herzfeld Caribbean Basin Fund during the 4th quarter worth approximately $135,000. Bulldog Investors LLP increased its holdings in The Herzfeld Caribbean Basin Fund by 1,199.9% during the 4th quarter. Bulldog Investors LLP now owns 277,149 shares of the investment management company’s stock valued at $649,000 after purchasing an additional 255,829 shares in the last quarter. Finally, Absolute Investment Advisers LLC acquired a new stake in The Herzfeld Caribbean Basin Fund during the 4th quarter valued at $1,277,000. Institutional investors and hedge funds own 15.74% of the company’s stock.

The Herzfeld Caribbean Basin Fund Company Profile

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.