Avantax Advisory Services Inc. Makes New Investment in The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA)

Avantax Advisory Services Inc. acquired a new position in shares of The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 57,631 shares of the investment management company’s stock, valued at approximately $135,000. Avantax Advisory Services Inc. owned approximately 0.81% of The Herzfeld Caribbean Basin Fund at the end of the most recent reporting period.

Separately, Quarry LP increased its position in The Herzfeld Caribbean Basin Fund by 21.0% in the third quarter. Quarry LP now owns 126,287 shares of the investment management company’s stock worth $285,000 after purchasing an additional 21,943 shares during the last quarter. 15.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Brigitta Suzanne Herzfeld bought 13,759 shares of the stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average price of $2.47 per share, for a total transaction of $33,984.73. Following the acquisition, the director now owns 99,951 shares of the company’s stock, valued at $246,878.97. The trade was a 15.96 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Thomas J. Herzfeld purchased 16,420 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average price of $2.47 per share, for a total transaction of $40,557.40. Following the completion of the acquisition, the chairman now directly owns 1,539,115 shares in the company, valued at $3,801,614.05. The trade was a 1.08 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 161,372 shares of company stock worth $418,109. 28.80% of the stock is currently owned by corporate insiders.

The Herzfeld Caribbean Basin Fund Trading Down 0.4 %

CUBA stock opened at $2.66 on Friday. The Herzfeld Caribbean Basin Fund Inc. has a 52 week low of $2.15 and a 52 week high of $2.73. The company has a fifty day simple moving average of $2.50 and a two-hundred day simple moving average of $2.43.

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.