Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Short Interest Update

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 88,200 shares, a drop of 61.2% from the December 15th total of 227,500 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 125,900 shares, the short-interest ratio is currently 0.7 days.

Hedge Funds Weigh In On Banco Latinoamericano de Comercio Exterior, S. A.

Several institutional investors have recently added to or reduced their stakes in BLX. Meeder Asset Management Inc. increased its position in Banco Latinoamericano de Comercio Exterior, S. A. by 77.8% in the second quarter. Meeder Asset Management Inc. now owns 969 shares of the bank’s stock worth $29,000 after buying an additional 424 shares during the last quarter. Rhumbline Advisers increased its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 0.9% in the 2nd quarter. Rhumbline Advisers now owns 47,093 shares of the bank’s stock worth $1,397,000 after acquiring an additional 411 shares during the last quarter. Sagil Capital LLP increased its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 72.8% in the 2nd quarter. Sagil Capital LLP now owns 189,118 shares of the bank’s stock worth $5,611,000 after acquiring an additional 79,701 shares during the last quarter. Finally, Beddow Capital Management Inc. raised its stake in Banco Latinoamericano de Comercio Exterior, S. A. by 1.0% in the 2nd quarter. Beddow Capital Management Inc. now owns 383,738 shares of the bank’s stock valued at $11,386,000 after acquiring an additional 3,771 shares during the period. Institutional investors own 19.47% of the company’s stock.

Banco Latinoamericano de Comercio Exterior, S. A. Stock Performance

Shares of BLX opened at $36.61 on Tuesday. The stock has a 50 day moving average of $34.97 and a 200 day moving average of $32.74. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 6.69 and a beta of 1.16. Banco Latinoamericano de Comercio Exterior, S. A. has a 12 month low of $22.93 and a 12 month high of $37.44. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 2.73.

Banco Latinoamericano de Comercio Exterior, S. A. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 8th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.46%. The ex-dividend date of this dividend was Friday, November 8th. Banco Latinoamericano de Comercio Exterior, S. A.’s payout ratio is 36.56%.

Banco Latinoamericano de Comercio Exterior, S. A. Company Profile

Banco Latinoamericano de Comercio Exterior, S. A., a multinational bank, primarily engages in the financing of foreign trade in Latin America and the Caribbean. The company operates in two segments, Commercial and Treasury. It offers bilateral loans; structured loans including syndicated and clubbed, such as acquisition and pre-export financing, A/B loan financing, bridge loans, and liability management; and project financing.