Almitas Capital LLC Sells 126,719 Shares of Mexico Fund, Inc. (The) $MXF

Almitas Capital LLC reduced its stake in shares of Mexico Fund, Inc. (The) (NYSE:MXF) by 38.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 202,961 shares of the investment management company’s stock after selling 126,719 shares during the quarter. Mexico Fund accounts for approximately 0.9% of Almitas Capital LLC’s holdings, making the stock its 23rd biggest position. Almitas Capital LLC owned 1.39% of Mexico Fund worth $3,998,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Blue Bell Private Wealth Management LLC grew its position in Mexico Fund by 92.3% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 2,500 shares of the investment management company’s stock worth $49,000 after purchasing an additional 1,200 shares during the last quarter. Calamos Advisors LLC raised its position in shares of Mexico Fund by 21.7% during the third quarter. Calamos Advisors LLC now owns 14,201 shares of the investment management company’s stock valued at $280,000 after buying an additional 2,535 shares during the last quarter. Uhlmann Price Securities LLC raised its position in shares of Mexico Fund by 2.5% during the third quarter. Uhlmann Price Securities LLC now owns 104,067 shares of the investment management company’s stock valued at $2,050,000 after buying an additional 2,583 shares during the last quarter. Quantedge Capital Pte Ltd lifted its stake in shares of Mexico Fund by 3.7% in the second quarter. Quantedge Capital Pte Ltd now owns 130,134 shares of the investment management company’s stock valued at $2,286,000 after buying an additional 4,650 shares during the period. Finally, SFI Advisors LLC lifted its stake in shares of Mexico Fund by 4.6% in the second quarter. SFI Advisors LLC now owns 137,928 shares of the investment management company’s stock valued at $2,423,000 after buying an additional 6,121 shares during the period.

Insider Activity at Mexico Fund

In related news, Director Richard B. Vaughan sold 2,500 shares of the firm’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $22.34, for a total value of $55,850.00. Following the completion of the transaction, the director directly owned 6,000 shares of the company’s stock, valued at $134,040. This trade represents a 29.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Saba Capital Management, L.P. purchased 4,480 shares of the firm’s stock in a transaction 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 purchase, the insider directly owned 1,735,101 shares of the company’s stock, valued at approximately $37,027,055.34. This represents a 0.26% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 89,965 shares of company stock worth $1,907,762 in the last three months. 2.69% of the stock is owned by insiders.

Mexico Fund Stock Performance

Shares of MXF opened at $20.14 on Friday. Mexico Fund, Inc. has a 12-month low of $13.10 and a 12-month high of $23.00. The stock’s 50-day moving average price is $21.64 and its 200 day moving average price is $20.10.

Mexico Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Wednesday, April 22nd will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 7.0%. The ex-dividend date of this dividend is Wednesday, April 22nd.

Mexico Fund 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.