10 Stocks Insiders Are Buying In March

5. The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA)

Number of Insiders Buying: 5

Market Capitalization: $41.11 million

In the middle of the list of the 10 stocks insiders are buying in March is a closed-end equity mutual fund, The Herzfeld Caribbean Basin Fund. The fund is focused on the investments in the public equity markets of the United States. More specifically, The Herzfeld Caribbean Basin Fund relies on a special approach targeting stocks positioned to benefit from economic, political, structural, and technological advancements in countries within the Caribbean Basin. The fund invests across a range of sectors, providing diversified exposure to companies operating in these markets.

In March, five insiders bought a total of $713,445 worth of The Herzfeld Caribbean Basin Fund shares at a price of $5.13 per share. Year-to-date the stock gained 11.75% and is now trading at $2.62 per share. Over the past 12 months, The Herzfeld Caribbean Basin Fund shares dropped 7.92%.

Analyst coverage on The Herzfeld Caribbean Basin Fund is currently limited.