The Herzfeld Caribbean Basin Fund (NASDAQ:CUBA) Stock Price Passes Below Two Hundred Day Moving Average of $2.56

The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.56 and traded as low as $2.32. The Herzfeld Caribbean Basin Fund shares last traded at $2.34, with a volume of 24,813 shares traded.

The Herzfeld Caribbean Basin Fund Stock Performance

The firm’s 50-day simple moving average is $2.40 and its 200 day simple moving average is $2.56.

The Herzfeld Caribbean Basin Fund Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, June 3rd will be issued a dividend of $0.135 per share. The ex-dividend date is Monday, June 3rd. This represents a $0.54 dividend on an annualized basis and a dividend yield of 23.13%.

Institutional Trading of The Herzfeld Caribbean Basin Fund

Several large investors have recently bought and sold shares of CUBA. Matisse Capital raised its stake in The Herzfeld Caribbean Basin Fund by 374.0% during the fourth quarter. Matisse Capital now owns 899,494 shares of the investment management company’s stock worth $2,501,000 after acquiring an additional 709,747 shares in the last quarter. Alpine Global Management LLC acquired a new position in The Herzfeld Caribbean Basin Fund during the 3rd quarter worth approximately $251,000. Levin Capital Strategies L.P. bought a new position in The Herzfeld Caribbean Basin Fund in the 4th quarter valued at approximately $139,000. Cable Car Capital LLC bought a new position in The Herzfeld Caribbean Basin Fund in the 4th quarter valued at approximately $630,000. Finally, International Assets Investment Management LLC acquired a new stake in The Herzfeld Caribbean Basin Fund in the fourth quarter valued at approximately $52,000. 15.74% of the stock is owned by institutional investors and hedge funds.

About The Herzfeld Caribbean Basin Fund

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.