Institutional Investors Love Herzfeld Caribbean Basin Fund Inc (NASDAQ:CUBA)

June 20, 2017 - By Louis Casey

 Institutional Investors  Love Herzfeld Caribbean Basin Fund Inc (NASDAQ:CUBA)

Sentiment for Herzfeld Caribbean Basin Fund Inc (NASDAQ:CUBA)

Herzfeld Caribbean Basin Fund Inc (NASDAQ:CUBA) institutional sentiment increased to 1.25 in 2016 Q4. Its up 0.12, from 1.13 in 2016Q3. The ratio has increased, as 10 investment professionals increased or started new stock positions, while 8 sold and decreased their equity positions in Herzfeld Caribbean Basin Fund Inc. The investment professionals in our partner’s database now hold: 1.01 million shares, up from 808,358 shares in 2016Q3. Also, the number of investment professionals holding Herzfeld Caribbean Basin Fund Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 7 Increased: 6 New Position: 4.

The Herzfeld Caribbean Basin Fund, Inc. is a non-diversified, closed-end management investment company. The company has market cap of $43.61 million. The Fund’s investment objective is to obtain long-term capital appreciation. It currently has negative earnings. The Fund pursues its objective by investing primarily in equity and equity-linked securities of public and private companies, including the United States 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 activities in a Caribbean Basin Country (collectively, Caribbean Basin Companies).

About 3,616 shares traded. Herzfeld Caribbean Basin Fund, Inc (NASDAQ:CUBA) has risen 11.48% since June 20, 2016 and is uptrending. It has underperformed by 5.22% the S&P500.

Thomas J. Herzfeld Advisors Inc. holds 2.07% of its portfolio in Herzfeld Caribbean Basin Fund, Inc for 665,494 shares. Doliver Capital Advisors Inc. owns 37,046 shares or 0.21% of their US portfolio. Moreover, Bennicas & Associates Inc. has 0.11% invested in the company for 18,050 shares. The New Jersey-based Bulldog Investors Llc has invested 0.11% in the stock. City Of London Investment Management Co Ltd, a United Kingdom-based fund reported 80,000 shares.#img1#

Since January 1, 0001, it had 4 insider purchases, and 0 sales for $105,990 activity.

Herzfeld Caribbean Basin Fund, Inc (NASDAQ:CUBA) Ratings Coverage

Ratings analysis reveals 100% of The Herzfeld Caribbean Basin Fund’s analysts are positive. Out of 2 Wall Street analysts rating The Herzfeld Caribbean Basin Fund, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. CUBA was included in 2 notes of analysts from April 19, 2016. Ladenburg Thalmann maintained Herzfeld Caribbean Basin Fund, Inc (NASDAQ:CUBA) rating on Tuesday, April 19. Ladenburg Thalmann has “Buy” rating and $8.25 target. The firm has “Overweight” rating given on Tuesday, August 30 by Pacific Crest.

More notable recent Herzfeld Caribbean Basin Fund, Inc (NASDAQ:CUBA) news were published by: Thestreet.com which released: “Fund Keeps Betting on Cuba in Spite of Trump Pullback” on June 16, 2017, also Seekingalpha.com with their article: “Herzfeld Caribbean Basin Fund: Is The Rally Justified?” published on December 18, 2014, Investorplace.com published: “Herzfeld Caribbean Basin Fund, Inc (CUBA): Even ‘Scarface’ Would Buy Cuban …” on March 23, 2016. More interesting news about Herzfeld Caribbean Basin Fund, Inc (NASDAQ:CUBA) were released by: Streetinsider.com and their article: “The Herzfeld Caribbean Basin Fund Inc. (CUBA) PT Raised to $9.75 at Ladenburg …” published on May 18, 2017 as well as Marketwatch.com‘s news article titled: “7.04” with publication date: June 09, 2011.

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