November 18, 2016 - By Vivian Park · 0 Comments
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#
The Latin American Discovery Fund, Inc. (the Fund), incorporated on November 12, 1991, is a non-diversified, closed-end management investment company. The Fundâ€™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.
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By Vivian Park