Saba Capital Management Increases Stake in The Mexico Fund
Saba Capital Management purchased 5,100 shares of The Mexico Fund for $108,681 on June 24, 2026.
Key Points
- Saba Capital Management bought 5,100 shares of The Mexico Fund at $21.31 each, totaling $108,681 on June 24, 2026.
- Shares of The Mexico Fund traded near $21.61 on Thursday, with a market cap of $314.5 million and a P/E ratio of 4.15.
- City of London Investment Management reduced its stake by 55,248 shares, while Saba Capital increased its holdings by 73,032 shares.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
Saba Capital Management has increased its stake in The Mexico Fund, Inc. (NYSE:MXF) by purchasing 5,100 shares at an average price of $21.31 each, totaling $108,681. This transaction took place on June 24, 2026, and was not part of a pre-planned trading scheme.
Insider Buying and Selling at The Mexico Fund, Inc.
Saba Capital Management has been actively buying shares of The Mexico Fund throughout June 2026. On June 24, they acquired 5,100 shares at $21.31 per share. Prior to that, on June 23, they purchased 15,051 shares at $21.52 each, and on June 18, they added 1,261 shares at $22.19. Earlier in the month, on June 17, they bought 4,037 shares at $22.23, and on June 12, they acquired 29,500 shares at $22.30. On June 11, they also purchased 5,117 shares at $21.60.
Other Institutional Activity in The Mexico Fund
City of London Investment Management reduced its holdings in The Mexico Fund by 55,248 shares, bringing its total to 3,241,427 shares valued at approximately $67.8 million, a 1.7% decrease. Saba Capital Management, in addition to its insider buying, increased its institutional holdings by 73,032 shares, totaling 1,764,332 shares worth about $36.9 million, reflecting a 4.3% increase. Allspring Global Investments Holdings added 27,983 shares, ending with 981,733 shares valued at $20.5 million, a 2.9% increase. Conversely, Lazard Asset Management cut its position by 234,297 shares, resulting in 717,886 shares worth $15 million, a 24.6% decrease.
The Mexico Fund, Inc. Stock Up 0.4%
Shares of The Mexico Fund traded near $21.61 on Thursday. The fund has a market capitalization of approximately $314.5 million and a P/E ratio of 4.15, indicating relatively low valuation compared to its earnings. Its beta of 0.802 suggests that the stock 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 fund's 50-day moving average is $21.79, while the 200-day moving average stands at $20.59.
$MXF stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
The Mexico Fund reported revenue of $13.8 million, with a revenue growth rate of 17.2%. The fund achieved a net margin of 5.5% and a return on equity of 26.3%. Its earnings per share were $5.26. The next earnings report is expected on May 23, 2023.
Dividend
The Mexico Fund pays an annual dividend of $1.40 per share, yielding 6.29% based on current prices. The dividend payout ratio is 17.87%, indicating a sustainable distribution level.
About The Mexico Fund
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, aiming to diversify across sectors. The fund was established on June 1, 1981, and is headquartered in Mexico City, DF. The current CEO is Mr. Alberto Osorio Morales.
Bottom Line
Saba Capital Management's recent purchase of The Mexico Fund shares shows continued interest in this closed-end fund. Investors often track such insider activities and institutional movements for potential market insights. However, it's essential to remember that insider transactions are just one piece of the investment puzzle.
Get The Mexico Fund, Inc. alerts
New 13F filings, insider trades, and analyst moves on $MXF, sent to your inbox. Free, and you can unsubscribe anytime.
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.