Peapack Gladstone Financial Corp Sells 2,468 Shares of The Mexico Fund, Inc. (NYSE:MXF)

Peapack Gladstone Financial Corp lessened its stake in The Mexico Fund, Inc. (NYSE:MXF) by 15.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 13,143 shares of the investment management company’s stock after selling 2,468 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in The Mexico Fund were worth $173,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of MXF. Public Employees Retirement System of Ohio purchased a new position in shares of The Mexico Fund in the 3rd quarter worth approximately $4,799,000. Wolverine Asset Management LLC boosted its position in The Mexico Fund by 95.5% during the 4th quarter. Wolverine Asset Management LLC now owns 145,595 shares of the investment management company’s stock valued at $1,922,000 after acquiring an additional 71,133 shares in the last quarter. RPO LLC purchased a new position in shares of The Mexico Fund in the 4th quarter valued at $1,986,000. Calamos Advisors LLC bought a new position in shares of The Mexico Fund in the 4th quarter worth $174,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of The Mexico Fund during the 4th quarter worth $651,000.

The Mexico Fund Trading Up 7.0 %

MXF opened at $14.22 on Thursday. The business’s 50-day moving average is $14.27 and its two-hundred day moving average is $14.08. The Mexico Fund, Inc. has a 1 year low of $12.99 and a 1 year high of $19.16.

The Mexico Fund Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 22nd will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $0.88 dividend on an annualized basis and a yield of 6.19%.

Insider Buying and Selling at The Mexico Fund

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

The Mexico Fund Company 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.