Gold prices just lower; monthly gains on track
Brigitta Suzanne Herzfeld, a director at Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA), recently made a series of stock purchases, according to a filing with the Securities and Exchange Commission. On March 12 and 13, Herzfeld acquired a total of 2,798 shares of common stock at prices ranging from $2.61 to $2.6482 per share. The total value of these transactions amounted to $7,396. The fund, currently valued at $41.82 million, offers an impressive 17.78% dividend yield. Following these purchases, Herzfeld’s direct ownership in the fund increased to 118,598 shares. The transactions highlight continued insider interest in the fund, which focuses on investments in the Caribbean Basin region. InvestingPro data reveals the fund has maintained dividend payments for 14 consecutive years, with a strong performance of 26.94% over the past six months. For more detailed insider trading analysis and additional ProTips, consider exploring InvestingPro’s comprehensive metrics.
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