The Herzfeld Caribbean Basin Fund (CUBA) Receives Media Sentiment Rating of -0.02
Media stories about The Herzfeld Caribbean Basin Fund (NASDAQ:CUBA) have trended somewhat negative on Friday, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. The Herzfeld Caribbean Basin Fund earned a news sentiment score of -0.02 on Accern’s scale. Accern also assigned media coverage about the investment management company an impact score of 44.8399420063392 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Separately, Ladenburg Thalmann Financial Services restated a “buy” rating and issued a $9.75 price target (up previously from $9.25) on shares of The Herzfeld Caribbean Basin Fund in a research note on Friday, May 19th.
Shares of The Herzfeld Caribbean Basin Fund (NASDAQ CUBA) opened at 7.3801 on Friday. The company has a 50 day moving average of $7.28 and a 200-day moving average of $7.13. The Herzfeld Caribbean Basin Fund has a 52 week low of $6.02 and a 52 week high of $7.47.
About The Herzfeld Caribbean Basin Fund
The Herzfeld Caribbean Basin Fund, Inc (the Fund) is a non-diversified, closed-end management investment company. 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 the 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).
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