Rahlfs Capital LLC Makes New Investment in The Mexico Fund, Inc. (NYSE:MXF)

Rahlfs Capital LLC purchased a new stake in shares of The Mexico Fund, Inc. (NYSE:MXF) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 20,875 shares of the investment management company’s stock, valued at approximately $276,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in MXF. Public Employees Retirement System of Ohio bought a new position in shares of The Mexico Fund in the 3rd quarter worth $4,799,000. Matisse Capital lifted its position in The Mexico Fund by 7.7% during the fourth quarter. Matisse Capital now owns 195,000 shares of the investment management company’s stock valued at $2,574,000 after acquiring an additional 14,000 shares during the last quarter. RPO LLC purchased a new stake in The Mexico Fund during the fourth quarter valued at approximately $1,986,000. Wolverine Asset Management LLC boosted its position in shares of The Mexico Fund by 95.5% in the 4th quarter. Wolverine Asset Management LLC now owns 145,595 shares of the investment management company’s stock worth $1,922,000 after purchasing an additional 71,133 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of The Mexico Fund during the fourth quarter worth about $651,000.

The Mexico Fund Price Performance

NYSE:MXF opened at $13.82 on Friday. The Mexico Fund, Inc. has a twelve month low of $12.99 and a twelve month high of $19.69. The company’s 50 day moving average is $14.27 and its two-hundred day moving average is $14.14.

The Mexico Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 22nd will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 6.37%. The ex-dividend date of this dividend is Tuesday, April 22nd.

Insider Transactions at The Mexico Fund

In related news, CEO Alberto Osorio purchased 15,000 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was bought at an average cost of $13.53 per share, with a total value of $202,950.00. Following the completion of the acquisition, the chief executive officer now owns 115,195 shares of the company’s stock, valued at $1,558,588.35. The trade was a 14.97 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director La Calle Luis De acquired 6,000 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost of $14.32 per share, for a total transaction of $85,920.00. Following the purchase, the director now directly owns 7,344 shares in the company, valued at approximately $105,166.08. This trade represents a 446.43 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.69% of the company’s stock.

The Mexico Fund 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.