The Herzfeld Caribbean Basin Fund (NASDAQ:CUBA) Share Price Passes Below Two Hundred Day Moving Average of $2.68

The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.68 and traded as low as $2.38. The Herzfeld Caribbean Basin Fund shares last traded at $2.41, with a volume of 50,267 shares changing hands.

The Herzfeld Caribbean Basin Fund Stock Up 0.4 %

The business’s 50 day moving average price is $2.61 and its two-hundred day moving average price is $2.68.

The Herzfeld Caribbean Basin Fund Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Wednesday, March 27th will be given a $0.135 dividend. The ex-dividend date is Tuesday, March 26th. This represents a $0.54 annualized dividend and a yield of 22.41%.

Hedge Funds Weigh In On The Herzfeld Caribbean Basin Fund

A number of hedge funds have recently modified their holdings of CUBA. International Assets Investment Management LLC acquired a new position in shares of The Herzfeld Caribbean Basin Fund during the fourth quarter worth $52,000. Landscape Capital Management L.L.C. bought a new position in The Herzfeld Caribbean Basin Fund during the 3rd quarter worth approximately $59,000. Levin Capital Strategies L.P. bought a new position in The Herzfeld Caribbean Basin Fund during the 4th quarter worth approximately $139,000. Lincoln National Corp raised its holdings in The Herzfeld Caribbean Basin Fund by 15.2% during the 3rd quarter. Lincoln National Corp now owns 44,115 shares of the investment management company’s stock worth $147,000 after purchasing an additional 5,807 shares during the last quarter. Finally, Twin Focus Capital Partners LLC raised its holdings in The Herzfeld Caribbean Basin Fund by 395.6% during the 4th quarter. Twin Focus Capital Partners LLC now owns 65,697 shares of the investment management company’s stock worth $183,000 after purchasing an additional 52,442 shares during the last quarter. Institutional investors and hedge funds own 15.74% of the company’s stock.

About The Herzfeld Caribbean Basin Fund

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.