Saba Capital Management Increases Stake in The Mexico Fund, Inc.
Saba Capital Management has bought additional shares in The Mexico Fund, Inc., boosting its holdings.
Key Points
- Saba Capital Management bought 4,037 shares of The Mexico Fund, Inc. (MXF) valued at $89,742.51 on June 17, 2026.
- The Mexico Fund, Inc. trades on the NYSE with a market cap of $320.8 million and a P/E ratio of 4.23.
- Other funds like City of London Investment Management and Lazard Asset Management adjusted their positions in The Mexico Fund.
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Saba Capital Management has increased its investment in The Mexico Fund, Inc. (NYSE: MXF) by purchasing 4,037 shares on June 17, 2026. This transaction was valued at approximately $89,742.51, with each share bought at an average price of $22.23.
What Changed in Saba Capital Management's The Mexico Fund Position
Saba Capital Management's recent activity shows a significant increase in their stake in The Mexico Fund, Inc. With this purchase, the firm continues to expand its holdings in the fund, which is focused on public equity markets in Mexico.
Other Institutional Activity in The Mexico Fund
Several other institutional investors have also adjusted their positions in The Mexico Fund, Inc. City of London Investment Management reduced its holdings by 55,248 shares, ending with 3,241,427 shares worth about $67.8 million, marking a 1.7% decrease. Saba Capital Management itself grew its holdings by 73,032 shares, resulting in a total of 1,764,332 shares valued at $36.9 million, a 4.3% increase. Allspring Global Investments Holdings added 27,983 shares, bringing its total to 981,733 shares worth approximately $20.5 million, a 2.9% increase. Lazard Asset Management cut its position by 234,297 shares, now holding 717,886 shares valued at $15 million, a decrease of 24.6%.
The Mexico Fund, Inc. Stock Up 0.8%
On Monday, shares of NYSE:MXF traded near $21.81. The Mexico Fund, Inc. has a market capitalization of $320.8 million and a P/E ratio of 4.23. The stock has a 52-week range between $16.47 and $23.00, with a 50-day moving average of $21.79 and a 200-day moving average of $20.59. The fund's current ratio stands at 24.76, while its quick ratio is 0.059, indicating strong liquidity.
$MXF stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
The Mexico Fund, Inc. reported revenue of $13.77 million with a revenue growth rate of 17.2%. It achieved a net margin of 5.52% and a return on equity of 26.31%. The fund's earnings per share (EPS) is 5.26.
Dividend
The Mexico Fund, Inc. offers an annual dividend rate of $1.40, yielding 6.29%. Its dividend payout ratio is 17.87%, and the fund continues to provide a steady income stream to its investors.
Insider Buying and Selling at The Mexico Fund, Inc.
Saba Capital Management has been active in buying shares of The Mexico Fund, Inc. On June 18, 2026, the firm purchased 1,261 shares at $22.19 each. On June 17, it acquired 4,037 shares at $22.23. Earlier, on June 12, it bought 29,500 shares at $22.30, and on June 11, it added 5,117 shares at $21.60. The firm also purchased 11,081 shares on June 10 at $21.39 and 3,600 shares on June 9 at $21.14.
About The Mexico Fund, Inc.
The Mexico Fund, Inc. is a closed-ended equity mutual fund managed by Impulsora del Fondo México, S.C. The fund primarily invests in the public equity markets of Mexico, targeting a diversified portfolio across various sectors. It was established on June 1, 1981, and is domiciled in Maryland, United States, with headquarters in Mexico City. The fund is led by CEO Mr. Alberto Osorio Morales.
Bottom Line
Saba Capital Management's continued buying of The Mexico Fund, Inc. shares signals its confidence in the fund's potential. Investors often watch such insider transactions for insights into a company's prospects. However, it's important to remember that insider buying is just one of many factors to consider when evaluating an investment.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.