Latin American (NYSE:LDF) major shareholder City Of London Investment Grou acquired 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was purchased at an average price of $12.34 per share, for a total transaction of $37,020.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

City Of London Investment Grou also recently made the following trade(s):

  • On Friday, September 1st, City Of London Investment Grou acquired 5,739 shares of Latin American stock. The stock was purchased at an average price of $11.79 per share, for a total transaction of $67,662.81.
  • On Tuesday, August 29th, City Of London Investment Grou acquired 7,700 shares of Latin American stock. The stock was purchased at an average price of $11.58 per share, for a total transaction of $89,166.00.

Latin American (NYSE LDF) traded up 0.81% during midday trading on Thursday, hitting $12.63. The company had a trading volume of 36,850 shares. The stock has a 50 day moving average of $11.97 and a 200 day moving average of $11.09. Latin American has a 52-week low of $8.78 and a 52-week high of $12.68.

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A number of large investors have recently added to or reduced their stakes in the business. Stifel Financial Corp raised its position in Latin American by 0.8% in the second quarter. Stifel Financial Corp now owns 24,293 shares of the company’s stock valued at $254,000 after purchasing an additional 191 shares during the period. Wells Fargo & Company MN raised its position in Latin American by 2.0% in the second quarter. Wells Fargo & Company MN now owns 152,769 shares of the company’s stock valued at $1,601,000 after purchasing an additional 2,999 shares during the period. Gramercy Funds Management LLC raised its position in Latin American by 122.9% in the second quarter. Gramercy Funds Management LLC now owns 57,811 shares of the company’s stock valued at $606,000 after purchasing an additional 31,878 shares during the period. Citigroup Inc. raised its position in Latin American by 69.1% in the second quarter. Citigroup Inc. now owns 87,302 shares of the company’s stock valued at $915,000 after purchasing an additional 35,684 shares during the period. Finally, Deschutes Portfolio Strategy LLC raised its position in Latin American by 1,449.6% in the second quarter. Deschutes Portfolio Strategy LLC now owns 157,454 shares of the company’s stock valued at $1,650,000 after purchasing an additional 147,293 shares during the period. 48.39% of the stock is currently owned by institutional investors.

Latin American Company Profile

The Latin American Discovery Fund, Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is long-term capital appreciation through investments primarily in equity securities of Latin American issuers and by investing from time to time in debt securities issued or guaranteed by a Latin American Government or Governmental entity.

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