Herzfeld Caribbean Basin Fund, Inc (NASDAQ:CUBA) Director Thomas J. Herzfeld bought 3,670 shares of the stock in a transaction on Wednesday, May 17th. The shares were acquired at an average cost of $7.12 per share, for a total transaction of $26,130.40. Following the purchase, the director now owns 347,809 shares in the company, valued at $2,476,400.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Herzfeld Caribbean Basin Fund, Inc (NASDAQ:CUBA) traded up 0.43% during midday trading on Tuesday, reaching $7.06. 1,042 shares of the company’s stock traded hands. The stock’s 50 day moving average is $7.03 and its 200-day moving average is $6.78. Herzfeld Caribbean Basin Fund, Inc has a 52 week low of $5.80 and a 52 week high of $7.47.
Separately, Ladenburg Thalmann Financial Services reaffirmed a “buy” rating and set a $9.75 target price (up previously from $9.25) on shares of Herzfeld Caribbean Basin Fund in a research note on Friday.
Herzfeld Caribbean Basin Fund Company Profile
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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