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 traded.

The Herzfeld Caribbean Basin Fund Price Performance

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

The Herzfeld Caribbean Basin Fund Cuts Dividend

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

Institutional Investors Weigh In On The Herzfeld Caribbean Basin Fund

Several institutional investors have recently modified their holdings of CUBA. International Assets Investment Management LLC bought a new stake in shares of The Herzfeld Caribbean Basin Fund in the 4th quarter valued at approximately $52,000. Landscape Capital Management L.L.C. bought a new stake in shares of The Herzfeld Caribbean Basin Fund in the 3rd quarter valued at approximately $59,000. Levin Capital Strategies L.P. bought a new position in The Herzfeld Caribbean Basin Fund during the 4th quarter valued at about $139,000. Lincoln National Corp grew 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 valued at $147,000 after purchasing an additional 5,807 shares during the last quarter. Finally, Twin Focus Capital Partners LLC grew 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 valued at $183,000 after purchasing an additional 52,442 shares during the last quarter. 15.74% of the stock is owned by institutional investors.

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.