Latin American (LDF) Shares Bought by City of London Investment Management Co. Ltd.

City of London Investment Management Co. Ltd. increased its holdings in Latin American (NYSE:LDF) by 0.6% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 2,219,018 shares of the company’s stock after buying an additional 13,439 shares during the quarter. Latin American comprises approximately 1.9% of City of London Investment Management Co. Ltd.’s portfolio, making the stock its 17th biggest position. City of London Investment Management Co. Ltd. owned about 32.83% of Latin American worth $26,806,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LDF. Deschutes Portfolio Strategy LLC increased its holdings in Latin American by 1,449.6% in the 2nd 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 in the last quarter. Citigroup Inc. increased its holdings in Latin American by 69.1% in the 2nd quarter. Citigroup Inc. now owns 87,302 shares of the company’s stock worth $915,000 after buying an additional 35,684 shares in the last quarter. Gramercy Funds Management LLC increased its holdings in Latin American 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 buying an additional 31,878 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Latin American 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 buying an additional 2,999 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in Latin American by 0.8% in the 2nd quarter. Stifel Financial Corp now owns 24,293 shares of the company’s stock worth $254,000 after buying an additional 191 shares in the last quarter. Institutional investors own 47.52% of the company’s stock.

Latin American (NYSE:LDF) traded down $0.09 during midday trading on Monday, reaching $11.54. The company had a trading volume of 2,100 shares, compared to its average volume of 13,323. Latin American has a 52 week low of $8.91 and a 52 week high of $12.68.

In other news, major shareholder City Of London Investment Grou bought 19,009 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were acquired at an average cost of $11.47 per share, with a total value of $218,033.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders acquired 35,448 shares of company stock worth $411,882 over the last three months.

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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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Institutional Ownership by Quarter for Latin American (NYSE:LDF)

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