Quarry LP Has $274,000 Holdings in The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA)

Quarry LP trimmed its holdings in shares of The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) by 7.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 117,345 shares of the investment management company’s stock after selling 8,942 shares during the period. Quarry LP owned approximately 1.64% of The Herzfeld Caribbean Basin Fund worth $274,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Arete Wealth Advisors LLC bought a new position in shares of The Herzfeld Caribbean Basin Fund during the 4th quarter worth approximately $54,000. Avantax Advisory Services Inc. bought a new position in shares of The Herzfeld Caribbean Basin Fund during the 4th quarter worth approximately $135,000. Finally, Absolute Investment Advisers LLC bought a new position in shares of The Herzfeld Caribbean Basin Fund during the 4th quarter worth approximately $1,277,000. 15.74% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Portfolio Manager Ryan M. Paylor bought 20,000 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were bought at an average cost of $2.69 per share, for a total transaction of $53,800.00. Following the acquisition, the portfolio manager now directly owns 46,144 shares in the company, valued at approximately $124,127.36. This trade represents a 76.50 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Thomas J. Herzfeld bought 16,420 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was 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 owns 1,539,115 shares in the company, valued at $3,801,614.05. This represents a 1.08 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 164,871 shares of company stock worth $426,862. Corporate insiders own 28.80% of the company’s stock.

The Herzfeld Caribbean Basin Fund Stock Performance

The Herzfeld Caribbean Basin Fund stock opened at $2.47 on Monday. The Herzfeld Caribbean Basin Fund Inc. has a 52-week low of $2.15 and a 52-week high of $2.73. The stock’s 50 day moving average price is $2.51 and its two-hundred day moving average price is $2.46.

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.