Latin American Discovery Fund Inc. (LDF) Major Shareholder City Of London Investment Grou Buys 6,295 Shares of Stock

Latin American Discovery Fund Inc. (NYSE:LDF) major shareholder City Of London Investment Grou bought 6,295 shares of Latin American Discovery Fund stock in a transaction on Wednesday, December 27th. The shares were purchased at an average cost of $11.29 per share, for a total transaction of $71,070.55. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Thursday, November 30th, City Of London Investment Grou bought 11,500 shares of Latin American Discovery Fund stock. The shares were purchased at an average cost of $11.06 per share, for a total transaction of $127,190.00.
  • On Thursday, November 2nd, City Of London Investment Grou bought 19,009 shares of Latin American Discovery Fund stock. The shares were purchased at an average cost of $11.47 per share, for a total transaction of $218,033.23.
  • On Tuesday, October 3rd, City Of London Investment Grou bought 3,000 shares of Latin American Discovery Fund stock. The shares were purchased at an average cost of $12.34 per share, for a total transaction of $37,020.00.

Latin American Discovery Fund Inc. (NYSE:LDF) traded up $0.08 during trading hours on Friday, reaching $11.37. The company’s stock had a trading volume of 1,500 shares, compared to its average volume of 13,011. Latin American Discovery Fund Inc. has a 52 week low of $9.28 and a 52 week high of $12.68.

The company also recently announced a semiannual dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Friday, December 22nd will be issued a dividend of $0.0225 per share. This represents a yield of 0.41%. The ex-dividend date of this dividend is Thursday, December 21st.

A number of large investors have recently added to or reduced their stakes in LDF. Deschutes Portfolio Strategy LLC lifted its holdings in Latin American Discovery Fund by 55.9% during the 3rd quarter. Deschutes Portfolio Strategy LLC now owns 245,441 shares of the company’s stock worth $2,965,000 after buying an additional 87,987 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of Latin American Discovery Fund by 69.1% in the 2nd quarter. Citigroup Inc. now owns 87,302 shares of the company’s stock worth $915,000 after purchasing an additional 35,684 shares during the last quarter. Gramercy Funds Management LLC lifted its holdings in shares of Latin American Discovery Fund by 122.9% in the 2nd quarter. Gramercy Funds Management LLC now owns 57,811 shares of the company’s stock worth $606,000 after purchasing an additional 31,878 shares during the last quarter. City of London Investment Management Co. Ltd. lifted its holdings in shares of Latin American Discovery Fund by 0.6% in the 3rd quarter. City of London Investment Management Co. Ltd. now owns 2,219,018 shares of the company’s stock worth $26,806,000 after purchasing an additional 13,439 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Latin American Discovery Fund by 2.0% in the 2nd quarter. Wells Fargo & Company MN now owns 152,769 shares of the company’s stock worth $1,601,000 after purchasing an additional 2,999 shares during the last quarter. 48.12% of the stock is currently owned by institutional investors.

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About Latin American Discovery Fund

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.

Insider Buying and Selling by Quarter for Latin American Discovery Fund (NYSE:LDF)

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