Thai Fund, Inc. (The) (TTF) Major Shareholder City Of London Investment Grou Sells 134,287 Shares of Stock

Thai Fund, Inc. (The) (NYSE:TTF) major shareholder City Of London Investment Grou sold 134,287 shares of the company’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $10.52, for a total transaction of $1,412,699.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Wednesday, October 4th, City Of London Investment Grou sold 1,600 shares of Thai Fund, Inc. (The) stock. The stock was sold at an average price of $10.57, for a total transaction of $16,912.00.
  • On Friday, August 11th, City Of London Investment Grou sold 24,376 shares of Thai Fund, Inc. (The) stock. The stock was sold at an average price of $8.79, for a total transaction of $214,265.04.
  • On Tuesday, August 8th, City Of London Investment Grou sold 22,176 shares of Thai Fund, Inc. (The) stock. The stock was sold at an average price of $8.93, for a total transaction of $198,031.68.

Shares of Thai Fund, Inc. (TTF) opened at 10.70 on Wednesday. Thai Fund, Inc. has a 12-month low of $6.86 and a 12-month high of $10.71. The company has a 50 day moving average of $9.53 and a 200-day moving average of $8.93.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Proficio Capital Partners LLC boosted its stake in shares of Thai Fund, Inc. (The) by 30.2% in the 2nd quarter. Proficio Capital Partners LLC now owns 73,712 shares of the company’s stock valued at $661,000 after purchasing an additional 17,110 shares during the last quarter. Doliver Capital Advisors LP boosted its stake in shares of Thai Fund, Inc. (The) by 3.1% in the 2nd quarter. Doliver Capital Advisors LP now owns 23,406 shares of the company’s stock valued at $203,000 after purchasing an additional 701 shares during the last quarter. Finally, Citigroup Inc. boosted its stake in shares of Thai Fund, Inc. (The) by 43.8% in the 2nd quarter. Citigroup Inc. now owns 117,157 shares of the company’s stock valued at $1,016,000 after purchasing an additional 35,710 shares during the last quarter. 56.06% of the stock is currently owned by institutional investors.

About Thai Fund, Inc. (The)

The Thai Fund, Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is long-term capital appreciation through investment primarily in equity securities of companies organized under the laws of the Kingdom of Thailand. The Fund seeks long-term capital appreciation and integrates top-down sector allocation and bottom-up stock selection with a growth bias.

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