The Mexico Fund, Inc. (NYSE:MXF) Director Purchases $85,920.00 in Stock

The Mexico Fund, Inc. (NYSE:MXF) Director La Calle Luis De bought 6,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were purchased at an average price of $14.32 per share, for a total transaction of $85,920.00. Following the purchase, the director now owns 7,344 shares of the company’s stock, valued at $105,166.08. This trade represents a 446.43 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

The Mexico Fund Trading Up 1.5 %

Shares of NYSE MXF opened at $14.49 on Friday. The Mexico Fund, Inc. has a 1-year low of $12.99 and a 1-year high of $19.69. The business’s 50 day moving average is $13.95 and its 200-day moving average is $14.17.

The Mexico Fund Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 22nd will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.07%.

Hedge Funds Weigh In On The Mexico Fund

A number of large investors have recently made changes to their positions in the company. Quantedge Capital Pte Ltd increased its stake in shares of The Mexico Fund by 28.4% during the fourth quarter. Quantedge Capital Pte Ltd now owns 92,284 shares of the investment management company’s stock worth $1,218,000 after purchasing an additional 20,400 shares during the period. Logan Stone Capital LLC increased its stake in The Mexico Fund by 11.8% during the 4th quarter. Logan Stone Capital LLC now owns 81,317 shares of the investment management company’s stock worth $1,073,000 after acquiring an additional 8,606 shares during the period. Almitas Capital LLC raised its holdings in The Mexico Fund by 124.9% in the 4th quarter. Almitas Capital LLC now owns 317,846 shares of the investment management company’s stock valued at $4,196,000 after acquiring an additional 176,498 shares in the last quarter. Boothbay Fund Management LLC acquired a new position in The Mexico Fund in the 4th quarter valued at $1,490,000. Finally, 1607 Capital Partners LLC raised its holdings in The Mexico Fund by 22.8% in the 4th quarter. 1607 Capital Partners LLC now owns 246,686 shares of the investment management company’s stock valued at $3,256,000 after acquiring an additional 45,845 shares in the last quarter.

The Mexico Fund Company Profile

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.