November 18, 2016 - By Clifton Ray · 0 Comments
Herzfeld Caribbean Basin Fund Inc (NASDAQ:CUBA) institutional sentiment increased to 1.13 in Q2 2016. Its up 0.42, from 0.71 in 2016Q1. The ratio is positive, as 5 investment professionals increased and opened new stock positions, while 7 sold and reduced their equity positions in Herzfeld Caribbean Basin Fund Inc. The investment professionals in our partner’s database reported: 658,809 shares, down from 666,504 shares in 2016Q1. 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: 2 Reduced: 5 Increased: 3 New Position: 2.
The Herzfeld Caribbean Basin Fund, Inc. is a non-diversified, closed-end management investment company. The company has a market cap of $38.40 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).
The stock closed at $6.25 during the last session. It is down 7.40% since April 18, 2016 and is downtrending. It has underperformed by 11.83% the S&P500.
Thomas J. Herzfeld Advisors Inc. holds 1.37% of its portfolio in Herzfeld Caribbean Basin Fund, Inc for 423,002 shares. Doliver Capital Advisors Inc. owns 94,987 shares or 0.49% of their US portfolio. Moreover, Bennicas & Associates Inc. has 0.1% invested in the company for 17,550 shares. The North Carolina-based Bank Of America Corp De has invested 0% in the stock. Citigroup Inc, a New York-based fund reported 1,000 shares.#img1#
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. On Tuesday, April 19 the stock rating was maintained by Ladenburg Thalmann with “Buy”. The stock of Herzfeld Caribbean Basin Fund, Inc (NASDAQ:CUBA) has “Overweight” rating given on Tuesday, August 30 by Pacific Crest.
The Herzfeld Caribbean Basin Fund, Inc. (the Fund), incorporated on March 10, 1992, is a non-diversified, closed-end management investment company. The Fundâ€™s investment objective is long-term capital appreciation. The Fund invests in issuers located in countries in the Caribbean Basin, which include, among others, 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, the United States and Venezuela. The Fundâ€™s investment advisor is HERZFELD/CUBA, a division of Thomas J. Herzfeld Advisors, Inc.
More notable recent Herzfeld Caribbean Basin Fund, Inc (NASDAQ:CUBA) news were published by: Marketwatch.com which released: “Herzfeld Caribbean Basin Fund Inc.” on June 09, 2011, also Money.Cnn.com with their article: “The Herzfeld Caribbean Basin Fund, Inc. Appoints Erik M. Herzfeld as President” published on February 10, 2016, Seekingalpha.com published: “Herzfeld Caribbean Basin Fund: Is The Rally Justified?” on December 18, 2014. More interesting news about Herzfeld Caribbean Basin Fund, Inc (NASDAQ:CUBA) were released by: Investorplace.com and their article: “Herzfeld Caribbean Basin Fund, Inc (CUBA): Even ‘Scarface’ Would Buy Cuban …” published on March 23, 2016 as well as Benzinga.com‘s news article titled: “Wait, What? CUBA Fund Doesn’t Actually Own Any Cuban Assets?” with publication date: April 09, 2015.
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By Clifton Ray