Gold prices just lower; monthly gains on track
Thomas J. Herzfeld, Chairman of the Advisor for Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA), recently acquired 1,067 shares of the company’s common stock. The shares were purchased at an average price of $2.5913 per share, amounting to a total transaction value of $2,764. The fund, currently valued at $41 million, has shown strong momentum with a 27.6% return over the past six months. Following this acquisition, Herzfeld now directly owns 1,554,511 shares of the fund. This transaction was reported in a recent SEC Form 4 filing dated March 11, 2025. InvestingPro data reveals the fund offers an impressive 18% dividend yield and trades at a P/E ratio of 12.45. For more detailed analysis and additional insights, including 6 more exclusive ProTips, consider exploring InvestingPro.
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