Avantax Advisory Services Inc. Invests $135,000 in The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA)

Avantax Advisory Services Inc. purchased a new position in The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) during the 4th quarter, Holdings Channel reports. The fund purchased 57,631 shares of the investment management company’s stock, valued at approximately $135,000.

Separately, Absolute Investment Advisers LLC bought a new position in shares of The Herzfeld Caribbean Basin Fund during the 4th quarter worth $1,277,000. 15.74% of the stock is owned by institutional investors and hedge funds.

The Herzfeld Caribbean Basin Fund Stock Performance

Shares of The Herzfeld Caribbean Basin Fund stock opened at $2.66 on Friday. The Herzfeld Caribbean Basin Fund Inc. has a 12 month low of $2.15 and a 12 month high of $2.73. The stock’s fifty day moving average price is $2.50 and its 200-day moving average price is $2.43.

Insider Buying and Selling at The Herzfeld Caribbean Basin Fund

In related news, Portfolio Manager Ryan M. Paylor purchased 20,000 shares of the business’s stock in a transaction dated Monday, March 24th. The shares were acquired at an average cost of $2.69 per share, for a total transaction of $53,800.00. Following the acquisition, the portfolio manager now owns 46,144 shares of the company’s stock, valued at $124,127.36. The trade was a 76.50 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Erik Mervin Herzfeld acquired 95,999 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average price of $2.60 per share, with a total value of $249,597.40. Following the completion of the purchase, the president now directly owns 584,930 shares in the company, valued at $1,520,818. The trade was a 19.63 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 161,372 shares of company stock valued at $418,109. Company insiders own 28.80% of the company’s stock.

The 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.