Gold prices just lower; monthly gains on track
Ryan M. Paylor, a portfolio manager at Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA), a $40.4 million market cap fund with an impressive 17.78% dividend yield, recently acquired 139 shares of the company’s common stock. The purchase, made on March 6, 2025, was executed at a price of $2.5844 per share, amounting to a total transaction value of approximately $359. Following this transaction, Paylor’s direct ownership stands at 26,144 shares. The timing appears strategic, as InvestingPro data shows the fund has delivered a strong 29% return over the past six months. This acquisition reflects Paylor’s ongoing investment in the fund, headquartered in Miami Beach, Florida. With a P/E ratio of 12.36 and an overall Financial Health score rated as "FAIR" by InvestingPro, which has identified 7 additional key investment factors for CUBA, the fund continues to attract investor attention.
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