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 increase in short interest during the month of December. As of December 15th, there was short interest totalling 227,500 shares, an increase of 105.5% from the November 30th total of 110,700 shares. Based on an average daily trading volume, of 118,700 shares, the short-interest ratio is currently 1.9 days. Currently, 0.8% of the company’s stock are sold short.

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

Shares of BLX traded down $0.48 on Friday, reaching $35.38. 67,327 shares of the company’s stock traded hands, compared to its average volume of 125,705. The stock’s 50 day simple moving average is $34.18 and its two-hundred day simple moving average is $32.17. The stock has a market cap of $1.29 billion, a PE ratio of 6.47 and a beta of 1.17. Banco Latinoamericano de Comercio Exterior, S. A. has a 52-week low of $22.93 and a 52-week high of $36.58. 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 given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 5.65%. The ex-dividend date was Friday, November 8th. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio is presently 36.56%.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. LSV Asset Management lifted its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 18.8% during the 2nd quarter. LSV Asset Management now owns 1,143,824 shares of the bank’s stock valued at $33,937,000 after buying an additional 181,300 shares during the last quarter. Sagil Capital LLP raised its stake 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 valued at $5,611,000 after acquiring an additional 79,701 shares during the period. Beddow Capital Management Inc. boosted its position in Banco Latinoamericano de Comercio Exterior, S. A. by 1.9% during the third quarter. Beddow Capital Management Inc. now owns 391,161 shares of the bank’s stock worth $12,709,000 after purchasing an additional 7,423 shares during the period. Meeder Asset Management Inc. increased its stake in shares of 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 purchasing an additional 424 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 0.9% during the 2nd quarter. Rhumbline Advisers now owns 47,093 shares of the bank’s stock valued at $1,397,000 after buying an additional 411 shares in the last quarter. 19.47% of the stock is owned by hedge funds and other institutional investors.

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.