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

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blue Bell Private Wealth Management LLC increased its position in shares of The Herzfeld Caribbean Basin Fund by 160.3% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 82,835 shares of the investment management company’s stock valued at $601,000 after acquiring an additional 51,012 shares during the period. Shaker Financial Services LLC increased its position in shares of The 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 valued at $712,000 after acquiring an additional 69,728 shares during the period. Doliver Capital Advisors LP increased its position in shares of The 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 valued at $257,000 after acquiring an additional 501 shares during the period. Finally, Gramercy Funds Management LLC acquired a new position in shares of The Herzfeld Caribbean Basin Fund in the 3rd quarter valued at $236,000. 28.53% of the stock is currently owned by hedge funds and other institutional investors.

The Herzfeld Caribbean Basin Fund, Inc. (CUBA) opened at $7.01 on Monday. The Herzfeld Caribbean Basin Fund, Inc. has a 12-month low of $6.30 and a 12-month high of $7.47.

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

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About The 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).

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

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