Insider Selling: Thai Fund, Inc. (The) (TTF) Major Shareholder Sells $1,412,699.24 in Stock

Thai Fund, Inc. (The) (NYSE:TTF) major shareholder City Of London Investment Grou sold 134,287 shares of the stock in a transaction 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 SEC, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Wednesday, October 11th, City Of London Investment Grou sold 170,435 shares of Thai Fund, Inc. (The) stock. The stock was sold at an average price of $10.75, for a total transaction of $1,832,176.25.
  • 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. (NYSE:TTF) opened at 10.82 on Friday. Thai Fund, Inc. has a 1-year low of $6.86 and a 1-year high of $10.90. The stock has a 50 day moving average of $9.64 and a 200 day moving average of $8.96.

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Institutional investors and hedge funds have recently made changes to their positions in the company. Proficio Capital Partners LLC boosted its holdings in shares of Thai Fund, Inc. (The) by 30.2% during the second quarter. Proficio Capital Partners LLC now owns 73,712 shares of the company’s stock valued at $661,000 after acquiring an additional 17,110 shares during the period. Doliver Capital Advisors LP lifted its holdings in Thai Fund, Inc. (The) by 3.1% in the second quarter. Doliver Capital Advisors LP now owns 23,406 shares of the company’s stock worth $203,000 after purchasing an additional 701 shares during the period. Finally, Citigroup Inc. lifted its holdings in Thai Fund, Inc. (The) by 43.8% in the second quarter. Citigroup Inc. now owns 117,157 shares of the company’s stock worth $1,016,000 after purchasing an additional 35,710 shares during the period. 56.06% of the stock is 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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