Herzfeld Caribbean Basin Fund, Inc (NASDAQ:CUBA) Director Thomas J. Herzfeld bought 3,036 shares of the company’s stock in a transaction that occurred on Monday, April 17th. The shares were bought at an average cost of $6.90 per share, for a total transaction of $20,948.40. Following the transaction, the director now directly owns 345,809 shares of the company’s stock, valued at approximately $2,386,082.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Herzfeld Caribbean Basin Fund, Inc (NASDAQ:CUBA) traded down 0.86% during trading on Friday, reaching $6.94. 8,253 shares of the company were exchanged. The stock has a market capitalization of $42.56 million, a price-to-earnings ratio of 5.73 and a beta of 1.26. Herzfeld Caribbean Basin Fund, Inc has a one year low of $5.80 and a one year high of $7.47. The company has a 50 day moving average price of $6.93 and a 200-day moving average price of $6.64.
About Herzfeld Caribbean Basin Fund
The Herzfeld Caribbean Basin Fund, Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to obtain long-term capital appreciation. The Fund pursues its objective by investing primarily in equity and equity-linked securities of public and private companies, including the United States-based companies, whose securities are traded principally on a stock exchange in a Caribbean Basin Country or that have at least 50% of the value of their assets in a Caribbean Basin Country or that derive at least 50% of their total revenue from operations in a Caribbean Basin Country (collectively, Caribbean Basin Companies).
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