Doliver Capital Advisors LP cut its stake in Herzfeld Caribbean Basin Fund, Inc. (NASDAQ:CUBA) by 58.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 24,306 shares of the investment management company’s stock after selling 34,483 shares during the quarter. Doliver Capital Advisors LP’s holdings in Herzfeld Caribbean Basin Fund were worth $156,000 as of its most recent SEC filing.
Separately, Guggenheim Capital LLC purchased a new stake in Herzfeld Caribbean Basin Fund in the first quarter worth about $123,000. 36.21% of the stock is currently owned by institutional investors and hedge funds.
In other Herzfeld Caribbean Basin Fund news, President Erik Mervin Herzfeld bought 33,500 shares of the firm’s stock in a transaction on Wednesday, October 24th. The stock was acquired at an average price of $5.79 per share, with a total value of $193,965.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas J. Herzfeld bought 20,000 shares of the firm’s stock in a transaction on Tuesday, October 23rd. The shares were acquired at an average cost of $5.84 per share, with a total value of $116,800.00. The disclosure for this purchase can be found here. Company insiders own 7.87% of the company’s stock.
Shares of CUBA opened at $5.80 on Wednesday. Herzfeld Caribbean Basin Fund, Inc. has a one year low of $5.39 and a one year high of $7.54.
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Herzfeld Caribbean Basin Fund Company Profile
The Herzfeld Caribbean Basin Fund Inc is a closed-ended equity mutual fund launched by Thomas J. Herzfeld Advisors, Inc The fund is managed by Herzfeld/Cuba. It invests in the public equity markets of the United States. The fund employing fundamental analysis investing in stocks of companies that are likely to benefit from economic, political, structural and technological developments in the countries in the Caribbean Basin, which consist of Cuba, Jamaica, Trinidad and Tobago, the Bahamas, the Dominican Republic, Barbados, Aruba, Haiti, the Netherlands Antilles, the Commonwealth of Puerto Rico, Mexico, Honduras, Guatemala, Belize, Costa Rica, Panama, Colombia and Venezuela.
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