The Herzfeld Caribbean Basin Fund (NASDAQ:CUBA) Shares Cross Below Two Hundred Day Moving Average of $5.87

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The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.87 and traded as low as $5.53. The Herzfeld Caribbean Basin Fund shares last traded at $5.53, with a volume of 10,212 shares changing hands.

The stock has a 50-day moving average of $5.66 and a 200-day moving average of $5.87.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 31st. Investors of record on Friday, November 19th were given a dividend of $0.265 per share. The ex-dividend date of this dividend was Thursday, November 18th. This represents a $1.06 dividend on an annualized basis and a yield of 19.16%. This is a positive change from The Herzfeld Caribbean Basin Fund’s previous quarterly dividend of $0.26.

In other news, President Erik Mervin Herzfeld sold 30,472 shares of the business’s stock in a transaction on Friday, November 12th. The stock was sold at an average price of $6.98, for a total value of $212,694.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Thomas J. Herzfeld sold 50,406 shares of the business’s stock in a transaction on Friday, November 12th. The stock was sold at an average price of $6.98, for a total value of $351,833.88. The disclosure for this sale can be found here. Insiders have sold a total of 81,421 shares of company stock valued at $568,319 in the last quarter. 9.65% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of CUBA. Cambridge Investment Research Advisors Inc. bought a new stake in shares of The Herzfeld Caribbean Basin Fund in the 3rd quarter worth $79,000. Wolverine Asset Management LLC acquired a new stake in shares of The Herzfeld Caribbean Basin Fund during the third quarter worth $149,000. Lincoln National Corp raised its position in shares of The Herzfeld Caribbean Basin Fund by 17.6% during the third quarter. Lincoln National Corp now owns 29,231 shares of the investment management company’s stock worth $167,000 after purchasing an additional 4,374 shares during the period. Finally, CSS LLC IL raised its position in shares of The Herzfeld Caribbean Basin Fund by 2.5% during the third quarter. CSS LLC IL now owns 73,758 shares of the investment management company’s stock worth $421,000 after purchasing an additional 1,777 shares during the period. 17.32% of the stock is currently owned by institutional investors.

About The Herzfeld Caribbean Basin Fund (NASDAQ:CUBA)

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.

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