On September 26, 2024, Director Claudia Janez purchased 2,576 shares of Mexico Fund Inc (MXF, Financial), as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 2,576 shares in the company.
Mexico Fund Inc (MXF, Financial) is an investment fund that primarily focuses on Mexican securities. The fund aims to provide investors with high levels of total return through investments in Mexican stocks and securities.
The shares were acquired at a price of $15.46 per share, valuing the transaction at approximately $39,825. The purchase has increased the insider's stake in the company significantly, as this marks the first recorded shares owned by Claudia Janez in the company.
Over the past year, Claudia Janez has engaged in buying 2,576 shares and has not sold any shares of Mexico Fund Inc (MXF, Financial). The overall insider transaction history for the company shows a positive trend with 5 insider buys and no insider sells over the same period.
The current market cap of Mexico Fund Inc stands at $227.34 million. The stock's price-earnings ratio is 6.75, which is lower than both the industry median of 12.185 and the company’s historical median.
This insider purchase could be a signal to investors about the potential undervaluation of the stock, as indicated by the GF Value. Investors often look at such insider transactions to gauge the confidence level of management in the prospects of the company.
For more detailed information on Mexico Fund Inc's financial metrics such as price-sales ratio, price-book ratio, and price-to-free cash flow, interested parties are encouraged to visit the respective links.
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