BofA warns Fed risks policy mistake with early rate cuts
Brigitta Suzanne Herzfeld, a director at Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA), recently acquired shares in the company totaling $62,962. The transactions occurred over two days, with Herzfeld purchasing 13,759 shares on March 4 at a price of $2.4746 per share, and an additional 11,377 shares on March 5 at $2.5415 per share. The fund, currently trading at $2.61 with a market capitalization of $40.87 million, has shown strong momentum with an 11.65% return over the past week. InvestingPro data reveals the fund offers an impressive 17.88% dividend yield. Following these acquisitions, Herzfeld’s total holdings in the fund have increased to 111,328 shares. The transactions reflect a price range between $2.4746 and $2.5415 per share, indicating a strategic investment in the company’s common stock. Trading at a P/E ratio of 12.45, the fund has maintained dividend payments for 14 consecutive years. For more detailed insights and additional analysis, including 6 more exclusive tips, visit InvestingPro.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.