Herzfeld Caribbean Basin Fund chairman buys $22,591 in common stock

Published 15/03/2025, 02:18
Herzfeld Caribbean Basin Fund chairman buys $22,591 in common stock

Thomas J. Herzfeld, Chairman of the Advisor for Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA), recently acquired additional shares of the company’s common stock. The fund, currently trading at $2.65 with a market capitalization of $41.8 million, has demonstrated strong momentum with a 29% price return over the past six months. On March 12, 2025, Herzfeld purchased 7,297 shares at a price of approximately $2.6482 per share. The following day, he acquired an additional 1,252 shares at $2.61 per share. These transactions brought the total value of his recent acquisitions to $22,591. Following these purchases, Herzfeld’s direct ownership in the fund increased to 1,565,562 shares. The fund offers an attractive dividend yield of 17.6% and has maintained dividend payments for 14 consecutive years, according to InvestingPro data, which provides comprehensive insider trading analysis and additional investment insights.

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