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Thomas J. Herzfeld, Chairman of the Advisor at Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA), recently acquired additional shares in the company. According to a recent SEC filing, Herzfeld purchased a total of 864 shares of common stock in two transactions. The purchases, made on March 28 and March 31, 2025, were executed at prices ranging from $2.5895 to $2.61 per share, amounting to a total investment of $2,245. Following these transactions, Herzfeld’s direct ownership in the fund increased to 1,571,237 shares. The purchase comes as CUBA trades near its 52-week high of $2.73, having delivered a strong six-month return of 31%. The fund, currently valued at $41.66 million, offers an attractive dividend yield of 17.4% and trades at a P/E ratio of 12.5. InvestingPro analysis reveals 7 additional key insights about CUBA’s financial health and market position.
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