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The Herzfeld Caribbean Basin Fund, Inc. Announces Final Tender Offer Results
Globe Newswire (Mon, 25-Mar 4:00 PM ET)
The Herzfeld Caribbean Basin Fund, Inc. ANNOUNCES PRELIMINARY TENDER OFFER RESULTS
Globe Newswire (Wed, 20-Mar 4:00 PM ET)
Globe Newswire (Tue, 20-Feb 4:00 PM ET)
The Herzfeld Caribbean Basin Fund, Inc. Announces Quarterly Distribution in Stock and Cash
Globe Newswire (Mon, 12-Feb 4:00 PM ET)
Globe Newswire (Fri, 9-Feb 4:55 PM ET)
The Fund’s investment objective is to obtain long-term capital appreciation. The Fund pursues its objective by investing primarily in equity and equity-linked securities of public and private companies, including U.S.-based companies, (i) whose securities are traded principally on a stock exchange in a Caribbean Basin Country or (ii) that have at least 50% of the value of their assets in a Caribbean Basin Country or (iii) that derive at least 50% of their total revenue from operations in a Caribbean Basin Country (collectively, “Caribbean Basin Companies”). Under normal conditions, the Fund invests at least 80% of its total assets in equity and equity-linked securities of Caribbean Basin Countries. This 80% policy may be changed without stockholder approval upon sixty days written notice to stockholders. The Fund’s investment objective is fundamental and may not be changed without the approval of a majority of the Fund’s outstanding voting securities.
Herzfeld Caribbean Basin - Closed End trades on the NASDAQ stock market under the symbol CUBA.
As of May 6, 2024, CUBA stock price climbed to $2.48 with 30,738 million shares trading.
CUBA has a beta of 0.36, meaning it tends to be less sensitive to market movements. CUBA has a correlation of 0.03 to the broad based SPY ETF.
CUBA has a market cap of $35.88 million. This is considered a Sub-Micro Cap stock.
In the last 3 years, CUBA stock traded as high as $6.50 and as low as $2.25.
CUBA has underperformed the market in the last year with a return of -22.2%, while the SPY ETF gained +27.7%. In the last 3 month period, CUBA fell short of the market, returning -2.8%, while SPY returned +4.4%. However, in the most recent 2 weeks CUBA has outperformed the stock market by returning +4.6%, while SPY returned +3.9%.
CUBA support price is $2.42 and resistance is $2.50 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CUBA stock will trade within this expected range on the day.