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Brigitta Suzanne Herzfeld, a director at Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA), recently made notable purchases of the company’s common stock. According to the latest SEC filings, Herzfeld acquired a total of 929 shares over two transactions. The fund, currently trading near its 52-week high of $2.73, has delivered an impressive 31% return over the past six months, according to InvestingPro data.
On March 28, Herzfeld purchased 322 shares at a price of $2.61 each. This was followed by another acquisition on March 31, where she bought 607 shares at $2.5895 per share. The total value of these transactions amounted to $2,412, with the stock prices ranging from $2.5895 to $2.61.
Following these transactions, Herzfeld’s direct ownership in the company increased to 123,463 shares. These purchases reflect continued confidence in the Herzfeld Caribbean Basin Fund, which focuses on investment opportunities in the Caribbean region. The fund currently offers a substantial 17.4% dividend yield and has maintained dividend payments for 14 consecutive years. InvestingPro subscribers can access additional insights and 7 more key tips about CUBA’s performance and outlook.
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