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MIAMI BEACH, FL—Thomas J. Herzfeld, Chairman of the Advisor for Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA), recently acquired 1,706 shares of the company's common stock, according to a filing with the Securities and Exchange Commission. The shares were purchased at an average price of $2.3973 each, amounting to a total transaction value of $4,089. The stock, which currently trades at $2.59, has gained 14% over the past six months and offers an attractive 19.5% dividend yield. Following this acquisition, Herzfeld holds 1,573,724 shares directly.
This transaction reflects Herzfeld's continued investment in the fund, which focuses on companies that are poised to benefit from economic, political, and structural changes in the Caribbean Basin region. With a market capitalization of $40.25 million and a "Fair" overall financial health score according to InvestingPro, the fund trades at a P/E ratio of 12x. InvestingPro subscribers have access to over 20 additional key metrics and exclusive analysis for CUBA.
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