The Herzfeld Caribbean Basin Fund (NASDAQ:CUBA) Share Price Crosses Below 200-Day Moving Average of $2.56

The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.56 and traded as low as $2.32. The Herzfeld Caribbean Basin Fund shares last traded at $2.34, with a volume of 24,813 shares trading hands.

The Herzfeld Caribbean Basin Fund Trading Down 0.4 %

The company has a 50 day simple moving average of $2.40 and a 200-day simple moving average of $2.56.

The Herzfeld Caribbean Basin Fund Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, June 3rd will be issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 23.23%. The ex-dividend date is Monday, June 3rd.

Hedge Funds Weigh In On The Herzfeld Caribbean Basin Fund

Several institutional investors have recently made changes to their positions in CUBA. Matisse Capital boosted its position in The Herzfeld Caribbean Basin Fund by 374.0% during the 4th quarter. Matisse Capital now owns 899,494 shares of the investment management company’s stock worth $2,501,000 after acquiring an additional 709,747 shares during the period. Alpine Global Management LLC bought a new stake in shares of The Herzfeld Caribbean Basin Fund during the third quarter valued at about $251,000. Levin Capital Strategies L.P. acquired a new stake in The Herzfeld Caribbean Basin Fund in the fourth quarter worth about $139,000. Cable Car Capital LLC acquired a new position in The Herzfeld Caribbean Basin Fund during the 4th quarter valued at about $630,000. Finally, International Assets Investment Management LLC bought a new stake in shares of The Herzfeld Caribbean Basin Fund during the 4th quarter worth about $52,000. 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.