Insider Selling: Latin American Discovery Fund Inc. (LDF) Major Shareholder Sells 25,000 Shares of Stock

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Latin American Discovery Fund Inc. (NYSE:LDF) major shareholder City Of London Investment Grou sold 25,000 shares of the company’s stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $10.93, for a total transaction of $273,250.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Tuesday, August 28th, City Of London Investment Grou sold 70,456 shares of Latin American Discovery Fund stock. The shares were sold at an average price of $10.90, for a total transaction of $767,970.40.
  • On Friday, August 17th, City Of London Investment Grou sold 6,095 shares of Latin American Discovery Fund stock. The shares were sold at an average price of $10.99, for a total transaction of $66,984.05.

NYSE LDF traded up $0.14 during trading on Friday, hitting $11.83. 4,339 shares of the company’s stock traded hands, compared to its average volume of 9,632. Latin American Discovery Fund Inc. has a 12-month low of $9.27 and a 12-month high of $13.25.

An institutional investor recently raised its position in Latin American Discovery Fund stock. City of London Investment Management Co. Ltd. grew its position in shares of Latin American Discovery Fund Inc. (NYSE:LDF) by 0.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,246,813 shares of the company’s stock after acquiring an additional 7,000 shares during the period. Latin American Discovery Fund comprises 1.9% of City of London Investment Management Co. Ltd.’s portfolio, making the stock its 16th largest position. City of London Investment Management Co. Ltd. owned 33.74% of Latin American Discovery Fund worth $27,602,000 at the end of the most recent quarter. Institutional investors and hedge funds own 46.88% of the company’s stock.

Latin American Discovery Fund Company Profile

There is no company description available for Latin American Discovery Fund.

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

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