The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) Shares Sold by Matisse Capital

Matisse Capital lessened its position in shares of The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) by 3.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 102,275 shares of the investment management company’s stock after selling 3,658 shares during the quarter. Matisse Capital owned approximately 1.67% of The Herzfeld Caribbean Basin Fund worth $641,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CUBA. Blue Bell Private Wealth Management LLC purchased a new position in The Herzfeld Caribbean Basin Fund during the second quarter valued at $70,000. Citadel Advisors LLC purchased a new position in The Herzfeld Caribbean Basin Fund during the first quarter valued at $95,000. Connecticut Wealth Management LLC purchased a new position in The Herzfeld Caribbean Basin Fund during the first quarter valued at $1,430,000. Finally, UBS Group AG increased its position in shares of The Herzfeld Caribbean Basin Fund by 1,003.7% during the first quarter. UBS Group AG now owns 10,651 shares of the investment management company’s stock valued at $63,000 after acquiring an additional 9,686 shares during the last quarter. Institutional investors own 17.32% of the company’s stock.

Shares of CUBA stock traded down $0.09 during trading on Monday, reaching $5.65. The company’s stock had a trading volume of 2,613 shares, compared to its average volume of 36,697. The Herzfeld Caribbean Basin Fund Inc. has a 1-year low of $3.41 and a 1-year high of $7.02. The stock’s 50-day moving average price is $5.90 and its 200 day moving average price is $6.08.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 30th. Stockholders of record on Monday, August 30th will be given a dividend of $0.2648 per share. The ex-dividend date is Friday, August 27th. This represents a $1.06 annualized dividend and a dividend yield of 18.74%.

The Herzfeld Caribbean Basin Fund Company Profile

The Herzfeld Caribbean Basin Fund, Inc operates as a non-diversified and closed-end management investment company. It invests in equity and equity-linked securities of public and private companies. The company was founded on March 10, 1992 and is headquartered in Miami Beach, FL.

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Institutional Ownership by Quarter for The Herzfeld Caribbean Basin Fund (NASDAQ:CUBA)

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