Susquehanna International Group LLP Acquires Shares of 17,510 Herzfeld Caribbean Basin Fund, Inc (CUBA)
Susquehanna International Group LLP bought a new stake in Herzfeld Caribbean Basin Fund, Inc (NASDAQ:CUBA) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 17,510 shares of the investment management company’s stock, valued at approximately $127,000. Susquehanna International Group LLP owned approximately 0.29% of Herzfeld Caribbean Basin Fund at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in CUBA. City of London Investment Management Co. Ltd. raised its stake in Herzfeld Caribbean Basin Fund by 94.4% in the third quarter. City of London Investment Management Co. Ltd. now owns 306,004 shares of the investment management company’s stock valued at $2,223,000 after purchasing an additional 148,587 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its stake in Herzfeld Caribbean Basin Fund by 160.3% in the third quarter. Blue Bell Private Wealth Management LLC now owns 82,835 shares of the investment management company’s stock valued at $601,000 after purchasing an additional 51,012 shares in the last quarter. Gramercy Funds Management LLC purchased a new stake in Herzfeld Caribbean Basin Fund in the third quarter valued at approximately $236,000. Finally, Doliver Capital Advisors LP raised its stake in Herzfeld Caribbean Basin Fund by 1.4% in the second quarter. Doliver Capital Advisors LP now owns 35,683 shares of the investment management company’s stock valued at $257,000 after purchasing an additional 501 shares in the last quarter. 29.21% of the stock is currently owned by institutional investors and hedge funds.
In other Herzfeld Caribbean Basin Fund news, Director Thomas J. Herzfeld purchased 16,620 shares of the firm’s stock in a transaction on Wednesday, November 29th. The shares were purchased at an average cost of $7.04 per share, with a total value of $117,004.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Erik Mervin Herzfeld purchased 21,100 shares of the firm’s stock in a transaction on Friday, December 8th. The shares were acquired at an average cost of $6.98 per share, for a total transaction of $147,278.00. The disclosure for this purchase can be found here. Insiders purchased 38,720 shares of company stock worth $271,513 over the last ninety days. 5.75% of the stock is currently owned by insiders.
The business also recently announced an annual dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, December 7th will be paid a $0.118 dividend. This represents a yield of 1.68%. The ex-dividend date is Wednesday, December 6th.
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Herzfeld Caribbean Basin Fund Company Profile
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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