City of London Investment Management Co. Ltd. Raises Position in Herzfeld Caribbean Basin Fund, Inc (NASDAQ:CUBA)

City of London Investment Management Co. Ltd. increased its stake in shares of Herzfeld Caribbean Basin Fund, Inc (NASDAQ:CUBA) by 94.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 306,004 shares of the investment management company’s stock after acquiring an additional 148,587 shares during the quarter. City of London Investment Management Co. Ltd. owned about 4.99% of Herzfeld Caribbean Basin Fund worth $2,223,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CUBA. Blue Bell Private Wealth Management LLC increased its holdings in Herzfeld Caribbean Basin Fund by 545.5% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 31,823 shares of the investment management company’s stock valued at $229,000 after buying an additional 26,893 shares during the period. Gramercy Funds Management LLC bought a new stake in shares of Herzfeld Caribbean Basin Fund in the 3rd quarter worth about $236,000. Doliver Capital Advisors LP grew its holdings in shares of Herzfeld Caribbean Basin Fund by 1.4% in the 2nd quarter. Doliver Capital Advisors LP now owns 35,683 shares of the investment management company’s stock worth $257,000 after purchasing an additional 501 shares during the last quarter. Finally, Shaker Financial Services LLC grew its holdings in shares of Herzfeld Caribbean Basin Fund by 239.4% in the 2nd quarter. Shaker Financial Services LLC now owns 98,856 shares of the investment management company’s stock worth $712,000 after purchasing an additional 69,728 shares during the last quarter. 29.21% of the stock is currently owned by institutional investors and hedge funds.

Shares of Herzfeld Caribbean Basin Fund, Inc (NASDAQ CUBA) opened at $7.02 on Wednesday. Herzfeld Caribbean Basin Fund, Inc has a fifty-two week low of $6.40 and a fifty-two week high of $7.46.

The business also recently declared an annual dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, December 7th will be given a dividend of $0.118 per share. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a yield of 1.68%.

In related news, Director Thomas J. Herzfeld purchased 16,620 shares of Herzfeld Caribbean Basin Fund stock in a transaction that occurred on Wednesday, November 29th. The shares were acquired at an average price of $7.04 per share, for a total transaction of $117,004.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 5.75% of the stock is owned by corporate insiders.

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About Herzfeld Caribbean Basin Fund

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).

Institutional Ownership by Quarter for Herzfeld Caribbean Basin Fund (NASDAQ:CUBA)

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