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Thomas J. Herzfeld, Chairman of the Advisor for Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA), has increased his stake in the company with recent stock acquisitions. According to a Form 4 filing with the Securities and Exchange Commission, Herzfeld purchased a total of 27,186 shares over two days. The transactions, executed on March 4 and March 5, 2025, were completed at prices ranging from $2.473 to $2.5582 per share, amounting to a total value of $68,148. The timing appears opportune, as InvestingPro data shows the fund has delivered an impressive 25% return over the past six months, while offering a substantial 17.9% dividend yield.
Following these purchases, Herzfeld now directly owns 1,549,881 shares of common stock in the fund. The acquisitions reflect Herzfeld’s continued confidence in the company’s prospects, as he strengthens his investment in the fund he advises. InvestingPro analysis reveals 7 additional key insights about CUBA’s performance and financial health - unlock these valuable insights with a subscription.
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