Today’s Stock On Watch: Latin American Discovery Fund Inc Q2 2016 Institutional Investor Sentiment Worse Than Expected

November 18, 2016 - By Vivian Park   ·   0 Comments

Today's Stock On Watch: Latin American Discovery Fund Inc  Q2 2016 Institutional Investor Sentiment  Worse Than Expected

Sentiment for Latin American Discovery Fund Inc (NYSE:LDF)

Latin American Discovery Fund Inc (NYSE:LDF) institutional sentiment decreased to 0.63 in 2016 Q2. Its down -0.23, from 0.86 in 2016Q1. The ratio is negative, as 6 hedge funds started new or increased holdings, while 7 sold and trimmed equity positions in Latin American Discovery Fund Inc. The hedge funds in our partner’s database now hold: 4.09 million shares, up from 3.96 million shares in 2016Q1. Also, the number of hedge funds holding Latin American Discovery Fund Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 4 Increased: 4 New Position: 2.

The Latin American Discovery Fund, Inc. is a non-diversified, closed-end management investment company. The company has a market cap of $64.86 million. 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. It currently has negative earnings. The Fund’s portfolio of investments include banks, multi-line retail, construction materials, food products, oil, gas and consumable fuels, industrial conglomerates and other.

The stock closed at $9.29 during the last session. It is down 4.26% since April 18, 2016 and is uptrending. It has underperformed by 0.17% the S&P500.

City Of London Investment Management Co Ltd holds 1.83% of its portfolio in Latin American Discovery Fund Inc. for 2.49 million shares. Gramercy Funds Management Llc owns 57,394 shares or 0.22% of their US portfolio. Moreover, Amica Pension Fund Board Of Trustees has 0.15% invested in the company for 121,775 shares. The Virginia-based 1607 Capital Partners Llc has invested 0.11% in the stock. Amica Mutual Insurance Co, a Rhode Island-based fund reported 120,069 shares.#img1#

LDF Company Profile

The Latin American Discovery Fund, Inc. (the Fund), incorporated on November 12, 1991, 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. From time to time, the Fund also invests in debt securities issued or guaranteed by a Latin American government or governmental entity.

More important recent Latin American Discovery Fund Inc. (NYSE:LDF) news were published by: Businesswire.com which released: “The Latin American Discovery Fund, Inc. Announces Board of Directors Update” on July 14, 2016, also Businesswire.com published article titled: “Morgan Stanley Investment Management Announces Portfolio Management Changes …”, Businesswire.com published: “Certain Morgan Stanley Closed-End Funds Declare Mid-Year Dividends” on April 28, 2016. More interesting news about Latin American Discovery Fund Inc. (NYSE:LDF) was released by: Businesswire.com and their article: “Morgan Stanley Closed-End Funds Announce Appointment of New Directors” with publication date: January 09, 2015.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By Vivian Park


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>