Almitas Capital LLC grew its stake in shares of The Mexico Fund, Inc. (NYSE:MXF - Free Report) by 124.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 317,846 shares of the investment management company's stock after purchasing an additional 176,498 shares during the period. The Mexico Fund comprises about 0.9% of Almitas Capital LLC's holdings, making the stock its 20th biggest holding. Almitas Capital LLC owned 2.17% of The Mexico Fund worth $4,196,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently modified their holdings of MXF. Boothbay Fund Management LLC bought a new position in The Mexico Fund in the 4th quarter worth $1,490,000. 1607 Capital Partners LLC raised its holdings in The Mexico Fund by 22.8% during the 4th quarter. 1607 Capital Partners LLC now owns 246,686 shares of the investment management company's stock worth $3,256,000 after purchasing an additional 45,845 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of The Mexico Fund during the 4th quarter valued at $651,000. Rahlfs Capital LLC acquired a new position in shares of The Mexico Fund during the 4th quarter worth about $276,000. Finally, RPO LLC bought a new stake in The Mexico Fund in the fourth quarter valued at approximately $1,986,000.
The Mexico Fund Stock Performance
MXF stock traded up $0.18 during mid-day trading on Wednesday, hitting $15.97. 54,502 shares of the company were exchanged, compared to its average volume of 66,011. The Mexico Fund, Inc. has a 1-year low of $12.99 and a 1-year high of $18.93. The firm's 50 day simple moving average is $14.57 and its 200 day simple moving average is $14.08.
The Mexico Fund Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 22nd were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 5.51%. The ex-dividend date was Tuesday, April 22nd.
Insider Activity at The Mexico Fund
In related news, Director La Calle Luis De acquired 6,000 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $14.32 per share, for a total transaction of $85,920.00. Following the completion of the acquisition, the director now directly owns 7,344 shares in the company, valued at approximately $105,166.08. This trade represents a 446.43 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.69% of the company's stock.
About The Mexico Fund
(
Free Report)
The Mexico Fund, Inc is a closed-ended equity mutual fund launched and managed by Impulsora del Fondo México, S.C. It primarily invests in public equity markets of Mexico. The fund seeks to invest its portfolio across diversified sectors. The Mexico Fund, Inc was formed in June 01, 1981 and is domiciled in Maryland, United States.
Featured Stories
Before you consider The Mexico Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The Mexico Fund wasn't on the list.
While The Mexico Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
