Logan Stone Capital LLC Sells 46,602 Shares of The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA)

Logan Stone Capital LLC decreased its position in The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) by 27.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 124,191 shares of the investment management company’s stock after selling 46,602 shares during the period. Logan Stone Capital LLC’s holdings in The Herzfeld Caribbean Basin Fund were worth $290,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in CUBA. Arete Wealth Advisors LLC bought a new position in shares of The Herzfeld Caribbean Basin Fund in the fourth quarter worth approximately $54,000. Avantax Advisory Services Inc. bought a new stake in The Herzfeld Caribbean Basin Fund in the fourth quarter valued at $135,000. Bulldog Investors LLP boosted its holdings in The Herzfeld Caribbean Basin Fund by 1,199.9% in the fourth quarter. Bulldog Investors LLP now owns 277,149 shares of the investment management company’s stock valued at $649,000 after acquiring an additional 255,829 shares in the last quarter. Finally, Absolute Investment Advisers LLC bought a new stake in The Herzfeld Caribbean Basin Fund in the fourth quarter valued at $1,277,000. Institutional investors own 15.74% of the company’s stock.

Insider Activity at The Herzfeld Caribbean Basin Fund

In related news, 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 acquired 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 approximately $3,801,614.05. The trade was a 1.08% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Brigitta Suzanne Herzfeld purchased 13,759 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was bought 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. This represents a 15.96% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 164,871 shares of company stock worth $426,862 over the last quarter. Corporate insiders own 28.80% of the company’s stock.

The Herzfeld Caribbean Basin Fund Trading Down 1.6%

NASDAQ:CUBA opened at $2.53 on Monday. The firm’s fifty day simple moving average is $2.54 and its 200 day simple moving average is $2.47. The Herzfeld Caribbean Basin Fund Inc. has a twelve month low of $2.15 and a twelve month high of $2.73.

About The Herzfeld Caribbean Basin Fund

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.