HERZFELD CARIBB (NASDAQ:CUBA) Director Thomas J. Herzfeld acquired 7,726 shares of the business’s stock in a transaction on Tuesday, January 17th. The stock was bought at an average cost of $6.48 per share, for a total transaction of $50,064.48. Following the completion of the transaction, the director now directly owns 332,783 shares of the company’s stock, valued at $2,156,433.84. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.
HERZFELD CARIBB (NASDAQ:CUBA) opened at 6.48 on Thursday. HERZFELD CARIBB has a 52-week low of $4.95 and a 52-week high of $8.49. The firm has a 50-day moving average price of $6.67 and a 200 day moving average price of $6.37. The stock’s market capitalization is $39.74 million.
The company also recently disclosed an annual dividend, which was paid on Wednesday, December 28th. Shareholders of record on Wednesday, December 7th were given a dividend of $0.135 per share. This represents a yield of 2.17%. The ex-dividend date was Monday, December 5th.
Separately, Ladenburg Thalmann reissued a “buy” rating and issued a $9.25 price objective (up from $8.00) on shares of HERZFELD CARIBB in a research report on Thursday, December 15th.
About HERZFELD CARIBB
The Herzfeld Caribbean Basin Fund, Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to obtain long-term capital appreciation. The Fund pursues its objective by investing primarily in equity and equity-linked securities of public and private companies, including the United States-based companies, whose securities are traded principally on a stock exchange in a Caribbean Basin Country or that have at least 50% of the value of their assets in a Caribbean Basin Country or that derive at least 50% of their total revenue from operations in a Caribbean Basin Country (collectively, Caribbean Basin Companies).