Latin American (NYSE:LDF) major shareholder City Of London Investment Grou acquired 7,700 shares of Latin American stock in a transaction on Tuesday, August 29th. The stock was purchased at an average cost of $11.58 per share, for a total transaction of $89,166.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own 10% or more 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 Tuesday, June 27th, City Of London Investment Grou sold 7,562 shares of Latin American stock. The stock was sold at an average price of $10.52, for a total value of $79,552.24.
  • On Monday, June 5th, City Of London Investment Grou sold 66,869 shares of Latin American stock. The stock was sold at an average price of $10.37, for a total value of $693,431.53.

Latin American (NYSE LDF) traded down 0.0205% during mid-day trading on Thursday, reaching $11.6876. The company’s stock had a trading volume of 2,462 shares. Latin American has a 12-month low of $8.78 and a 12-month high of $11.72. The firm’s 50 day moving average is $11.30 and its 200-day moving average is $10.74.

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Institutional investors have recently made changes to their positions in the stock. Deschutes Portfolio Strategy LLC boosted its position in shares of Latin American by 1,449.6% in the second quarter. Deschutes Portfolio Strategy LLC now owns 157,454 shares of the company’s stock worth $1,650,000 after buying an additional 147,293 shares during the last quarter. Stifel Financial Corp boosted its position in shares of Latin American by 0.8% in the second quarter. Stifel Financial Corp now owns 24,293 shares of the company’s stock worth $254,000 after buying an additional 191 shares during the last quarter. Citigroup Inc. boosted its position in shares of Latin American by 69.1% in the second quarter. Citigroup Inc. now owns 87,302 shares of the company’s stock worth $915,000 after buying an additional 35,684 shares during the last quarter. Gramercy Funds Management LLC boosted its position in shares of Latin American by 122.9% in the second quarter. Gramercy Funds Management LLC now owns 57,811 shares of the company’s stock worth $606,000 after buying an additional 31,878 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Latin American by 2.0% in the second quarter. Wells Fargo & Company MN now owns 152,769 shares of the company’s stock worth $1,601,000 after buying an additional 2,999 shares during the last quarter. 48.39% of the stock is owned by institutional investors and hedge funds.

About Latin American

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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