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 on 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 purchase, the portfolio manager now owns 46,144 shares of the company’s stock, valued at approximately $124,127.36. The trade was a 76.50 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

The Herzfeld Caribbean Basin Fund Price Performance

Shares of The Herzfeld Caribbean Basin Fund stock opened at $2.66 on Friday. The firm has a 50 day simple moving average of $2.50 and a 200 day simple moving average of $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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quarry LP lifted its stake in shares of The Herzfeld Caribbean Basin Fund by 21.0% during the third quarter. Quarry LP now owns 126,287 shares of the investment management company’s stock valued at $285,000 after acquiring an additional 21,943 shares during the period. Arete Wealth Advisors LLC acquired a new position in The Herzfeld Caribbean Basin Fund during the 4th quarter valued at about $54,000. Avantax Advisory Services Inc. bought a new position in shares of The Herzfeld Caribbean Basin Fund in the 4th quarter valued at about $135,000. Bulldog Investors LLP grew its position in shares of 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 worth $649,000 after buying an additional 255,829 shares during the period. Finally, Absolute Investment Advisers LLC bought a new stake in shares of The Herzfeld Caribbean Basin Fund during the fourth quarter worth approximately $1,277,000. 15.74% of the stock is owned by institutional investors and hedge funds.

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.