Somewhat Favorable News Coverage Somewhat Unlikely to Affect Herzfeld Caribbean Basin Fund (CUBA) Share Price
News articles about Herzfeld Caribbean Basin Fund (NASDAQ:CUBA) have trended somewhat positive this week, Accern reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Herzfeld Caribbean Basin Fund earned a news impact score of 0.09 on Accern’s scale. Accern also gave news articles about the investment management company an impact score of 44.3558561039146 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of Herzfeld Caribbean Basin Fund (CUBA) opened at $7.46 on Tuesday. Herzfeld Caribbean Basin Fund has a 52-week low of $6.61 and a 52-week high of $7.54.
In related news, Director Thomas J. Herzfeld purchased 19,290 shares of Herzfeld Caribbean Basin Fund stock in a transaction dated Wednesday, January 3rd. The stock was acquired at an average cost of $7.15 per share, with a total value of $137,923.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas J. Herzfeld purchased 16,620 shares of Herzfeld Caribbean Basin Fund stock in a transaction dated Wednesday, November 29th. The stock was bought at an average cost of $7.04 per share, with a total value of $117,004.80. The disclosure for this purchase can be found here. Insiders bought 100,830 shares of company stock valued at $719,594 over the last three months. 5.75% of the stock is owned by insiders.
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).
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