Saba Capital Management Increases Stake in The Mexico Fund, Inc.

Saba Capital Management recently increased its position in The Mexico Fund, Inc. (NYSE: MXF) by purchasing 29,500 shares. This transaction, which took place on June 12, 2026, was valued at approximately $657,850, based on the purchase price of $22.30 per share.

What Changed in Saba Capital Management's The Mexico Fund, Inc. Position

Saba Capital Management's recent acquisition of 29,500 shares of The Mexico Fund, Inc. adds to their growing stake in the company. This purchase reflects an ongoing interest in the fund, with Saba Capital Management having previously added 73,032 shares, bringing its total holdings to 1,764,332 shares valued at about $36.9 million.

Other Institutional Activity in The Mexico Fund, Inc.

Other institutional investors also made moves in The Mexico Fund, Inc. City of London Investment Management Co Ltd reduced its position by 55,248 shares, ending with 3,241,427 shares worth approximately $67.8 million. Meanwhile, Allspring Global Investments Holdings, LLC added 27,983 shares, bringing its total to 981,733 shares valued at around $20.5 million. Lazard Asset Management LLC reduced its stake by 234,297 shares, leaving it with 717,886 shares valued at about $15 million. Matisse Capital's position remained unchanged at 205,000 shares.

The Mexico Fund, Inc. Stock Snapshot

Shares of The Mexico Fund, Inc. (NYSE: MXF) recently traded around $22.30. The company has a market capitalization of approximately $321.6 million and a P/E ratio of 4.24. Its beta is 0.802, indicating lower volatility compared to the market. Over the past year, the stock's price ranged from a low of $16.43 to a high of $23.00. The 50-day moving average is $21.72, while the 200-day moving average stands at $20.49.

Recent Earnings

The Mexico Fund, Inc. reported revenue of $13.8 million, with a revenue growth of 17.2%. The company achieved an EPS of $5.26, a net margin of 5.52%, and a return on equity of 26.31%. The next earnings report is anticipated around May 23, 2023.

Dividend

The Mexico Fund, Inc. offers a dividend rate of $1.40 per share, providing a yield of 6.42%. The dividend payout ratio is 17.87%, indicating a sustainable distribution relative to its earnings.

Insider Buying and Selling at The Mexico Fund, Inc.

Saba Capital Management has been actively buying shares of The Mexico Fund, Inc. This includes purchases of 5,117 shares at $21.60 on June 11, 11,081 shares at $21.39 on June 10, and 3,600 shares at $21.14 on June 9. Earlier, on June 5, they acquired 19,906 shares at $21.64, and on June 4, they bought 32,102 shares at $21.61.

About The Mexico Fund, Inc.

The Mexico Fund, Inc., headquartered in Mexico City, is a closed-ended equity mutual fund managed by Impulsora del Fondo México, S.C. It invests primarily in public equity markets across Mexico, focusing on a diverse range of sectors. Established in 1981, the fund is domiciled in Maryland, USA, and led by CEO Mr. Alberto Osorio Morales.

Bottom Line

Saba Capital Management's recent purchase of shares in The Mexico Fund, Inc. underscores its interest in the fund. The Mexico Fund, with its focus on Mexican equities, provides diversified exposure to the region's markets. Investors often track such transactions for insights into institutional sentiment, though it's important to remember that these filings are backward-looking and may not reflect current positions.