Insider Buying: Mexico Fund (NYSE:MXF) Major Shareholder Buys 4,480 Shares of Stock

Key Points

• Saba Capital Management, L.P. bought 4,480 shares of Mexico Fund (MXF) on March 5 at an average price of $21.34, increasing its holdings to 1,735,101 shares valued at about $37.0 million (a 0.26% rise from its prior stake).
• Saba has been actively accumulating MXF through multiple purchases since December (including large buys in December and February), boosting its fourth‑quarter position by 32.4% to roughly 1.69–1.74 million shares, signaling continued insider accumulation.
• Mexico Fund raised its quarterly dividend from $0.25 to $0.35 (annualized $1.40), implying a current yield of about 6.7%, while the stock trades near its recent highs within a 52‑week range of $13.10–$23.00.

Mexico Fund, Inc. (The) (NYSE:MXF - Get Free Report) major shareholder Saba Capital Management, L.P. bought 4,480 shares of the business's stock in a transaction that occurred on Thursday, March 5th. The shares were acquired at an average price of $21.34 per share, for a total transaction of $95,603.20. Following the completion of the transaction, the insider owned 1,735,101 shares in the company, valued at $37,027,055.34. This trade represents a 0.26% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Friday, February 13th, Saba Capital Management, L.P. purchased 32,126 shares of Mexico Fund stock. The shares were acquired at an average cost of $22.69 per share, with a total value of $728,938.94.
• On Thursday, January 29th, Saba Capital Management, L.P. purchased 3,115 shares of Mexico Fund stock. The shares were acquired at an average price of $21.97 per share, for a total transaction of $68,436.55.
• On Monday, January 26th, Saba Capital Management, L.P. acquired 1,000 shares of Mexico Fund stock. The stock was bought at an average price of $21.50 per share, with a total value of $21,500.00.
• On Wednesday, January 21st, Saba Capital Management, L.P. acquired 550 shares of Mexico Fund stock. The stock was bought at an average price of $21.29 per share, with a total value of $11,709.50.
• On Monday, January 12th, Saba Capital Management, L.P. bought 2,520 shares of Mexico Fund stock. The shares were bought at an average cost of $20.45 per share, with a total value of $51,534.00.
• On Friday, January 9th, Saba Capital Management, L.P. bought 10 shares of Mexico Fund stock. The shares were bought at an average cost of $20.24 per share, for a total transaction of $202.40.
• On Tuesday, December 16th, Saba Capital Management, L.P. bought 16,228 shares of Mexico Fund stock. The stock was bought at an average price of $19.95 per share, for a total transaction of $323,748.60.
• On Monday, December 15th, Saba Capital Management, L.P. acquired 28,475 shares of Mexico Fund stock. The stock was purchased at an average cost of $20.22 per share, for a total transaction of $575,764.50.
• On Friday, December 12th, Saba Capital Management, L.P. purchased 9,400 shares of Mexico Fund stock. The shares were purchased at an average cost of $19.91 per share, for a total transaction of $187,154.00.
• On Thursday, December 11th, Saba Capital Management, L.P. bought 6,008 shares of Mexico Fund stock. The shares were acquired at an average price of $20.20 per share, for a total transaction of $121,361.60.

Mexico Fund Price Performance

Shares of Mexico Fund stock traded down $0.02 on Monday, reaching $20.84. 48,920 shares of the company's stock were exchanged, compared to its average volume of 101,733. Mexico Fund, Inc. has a 52 week low of $13.10 and a 52 week high of $23.00. The firm's 50-day moving average is $21.61 and its two-hundred day moving average is $20.05.

Mexico Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Wednesday, January 21st were paid a dividend of $0.35 per share. This is a boost from Mexico Fund's previous quarterly dividend of $0.25. The ex-dividend date was Wednesday, January 21st. This represents a $1.40 dividend on an annualized basis and a yield of 6.7%.

Hedge Funds Weigh In On Mexico Fund

A number of hedge funds have recently added to or reduced their stakes in the stock. Alpine Global Management LLC grew its holdings in shares of Mexico Fund by 356.7% in the fourth quarter. Alpine Global Management LLC now owns 61,431 shares of the investment management company's stock valued at $1,237,000 after acquiring an additional 47,979 shares in the last quarter. Sit Investment Associates Inc. lifted its holdings in Mexico Fund by 144.8% during the fourth quarter. Sit Investment Associates Inc. now owns 49,669 shares of the investment management company's stock worth $1,000,000 after acquiring an additional 29,377 shares during the period. Saba Capital Management L.P. boosted its position in Mexico Fund by 32.4% in the fourth quarter. Saba Capital Management L.P. now owns 1,691,300 shares of the investment management company's stock worth $34,063,000 after purchasing an additional 413,606 shares during the last quarter. North Ground Capital boosted its position in Mexico Fund by 309.2% in the fourth quarter. North Ground Capital now owns 126,312 shares of the investment management company's stock worth $2,544,000 after purchasing an additional 95,443 shares during the last quarter. Finally, Marex Group plc bought a new position in Mexico Fund in the 4th quarter valued at $1,926,000.

Mexico Fund Company Profile

The Mexico Fund, Inc NYSE: MXF is a closed-end management investment company that seeks long-term capital appreciation through exposure to Mexican securities. The fund primarily invests in equity instruments of companies organized or principally operating in Mexico, spanning a range of sectors such as financial services, consumer goods, industrials and energy. It may also allocate portions of its portfolio to fixed-income securities, including government and corporate bonds, when attractive opportunities arise.

Launched in 1991 and incorporated under Maryland law, The Mexico Fund offers U.S.

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