L.P. Saba Capital Management Increases Stake in The Mexico Fund, Inc.
L.P. Saba Capital Management acquired 15,051 shares of The Mexico Fund, Inc. on June 23, 2026.
Key Points
- L.P. Saba Capital Management purchased 15,051 shares of The Mexico Fund, Inc. at $21.52 each, totaling $323,897.52 on June 23, 2026.
- The Mexico Fund, Inc. traded at $21.61 on Thursday, with a market cap of $314.5 million and a P/E ratio of 4.15.
- Recent insider activity includes multiple purchases by Saba Capital Management, with no analyst ratings currently available.
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L.P. Saba Capital Management made a significant move by purchasing 15,051 shares of The Mexico Fund, Inc. (NYSE:MXF) on June 23, 2026. This transaction was valued at approximately $323,897.52, with each share priced at $21.52.
What Changed in L.P. Saba Capital Management's The Mexico Fund, Inc. Position
L.P. Saba Capital Management increased its holdings in The Mexico Fund, Inc. by acquiring an additional 15,051 shares. This purchase is part of a series of transactions by the firm, reflecting its ongoing interest in the fund.
Other Institutional Activity in The Mexico Fund, Inc.
City of London Investment Management Co Ltd reduced its stake by 55,248 shares, leaving it with 3,241,427 shares valued at $67.8 million. Saba Capital Management, L.P. enhanced its position by 73,032 shares, ending with 1,764,332 shares worth $36.9 million, marking a 4.3% increase. Allspring Global Investments Holdings, LLC added 27,983 shares, bringing its total to 981,733 shares valued at $20.5 million, representing a 2.9% increase. Meanwhile, Lazard Asset Management LLC cut its holdings by 234,297 shares, resulting in 717,886 shares valued at $15 million, a 24.6% decrease.
The Mexico Fund, Inc. Stock Up 0.4%
Shares of NYSE:MXF traded near $21.61 on Thursday. The Mexico Fund, Inc. has a market capitalization of about $314.5 million and a P/E ratio of 4.15, indicating its earnings relative to its share price. The stock's beta is 0.802, suggesting it is less volatile than the market. Over the past year, the stock has ranged from a low of $16.47 to a high of $23.00. The 50-day moving average is $21.79, and the 200-day moving average is $20.59.
$MXF stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
The Mexico Fund, Inc. reported revenues of $13.8 million, with a revenue growth rate of 17.2%. The company's net margin stands at 5.52%, and it has a return on equity of 26.31%. Investors can look forward to the next earnings report on May 23, 2023.
Dividend
The Mexico Fund, Inc. offers an annual dividend rate of $1.40, yielding 6.29%. The dividend payout ratio is 17.87%, reflecting the proportion of earnings paid to shareholders.
Insider Buying and Selling at The Mexico Fund, Inc.
Saba Capital Management, L.P. has been actively purchasing shares of The Mexico Fund, Inc. On June 24, 2026, it acquired 5,100 shares at $21.31 each. The day before, it bought 15,051 shares at $21.52. Earlier, on June 18, 2026, it purchased 1,261 shares at $22.19, and on June 17, 2026, another 4,037 shares at $22.23. On June 12, 2026, the firm bought 29,500 shares at $22.30, following a purchase of 5,117 shares at $21.60 on June 11, 2026.
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, seeking to diversify its portfolio across various sectors. Founded on June 1, 1981, the fund is based in Mexico City, DF, and is domiciled in Maryland, United States. It is led by CEO Mr. Alberto Osorio Morales.
Bottom Line
L.P. Saba Capital Management's recent purchase of The Mexico Fund, Inc. shares highlights its confidence in the fund's potential. Investors often track such insider activities as they can provide insights into the company's prospects. It's important to remember that these filings are historical snapshots and may not reflect the current holdings or strategies.
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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.