By Mark Lee From Insider Trading Report

The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ:CUBA) has lost 6.98% during the past week and dropped 9.14% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 3.48%. The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ:CUBA) has underperformed the index by 8.69% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

The Herzfeld Caribbean Basin Fund Inc. has dropped 29.3% during the last 3-month period . Year-to-Date the stock performance stands at -25.08%.

The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ:CUBA) witnessed a decline in the market cap on Friday as its shares dropped 5.13% or 0.36 points. After the session commenced at $7, the stock reached the higher end at $7.0206 while it hit a low of $6.64. With the volume soaring to 87,923 shares, the last trade was called at $6.66. The company has a 52-week high of $14.97. The company has a market cap of $25 million and there are 3,713,071 shares in outstanding. The 52-week low of the share price is $6.64.

Currently the company Insiders own 6.02% of The Herzfeld Caribbean Basin Fund, Inc. shares according to the proxy statements. Institutional Investors own 9.94% of The Herzfeld Caribbean Basin Fund, Inc. shares. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange,The director of Herzfeld Caribbean Basin Fund Inc, Tatum Kay W sold 412 shares at $13.02 on December 23, 2014. The Insider selling transaction had a total value worth of $5,364. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

The Herzfeld Caribbean Basin Fund, Inc. (the Fund) is a non-diversified, closed-end management investment company. The Funds 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 United States-based 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 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. The Funds investment advisor is HERZFELD/CUBA, a division of Thomas J. Herzfeld Advisors, Inc.

For more on this story go to: http://www.insidertradingreport.org/company-shares-of-the-herzfeld-caribbean-basin-fund-inc-nasdaqcuba-drops-by-6-98/6177950/

IMAGE: www.herzfeld.com