Beddow Capital Management Inc. Purchases 3,771 Shares of Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX)

Beddow Capital Management Inc. increased its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) by 1.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 383,738 shares of the bank’s stock after acquiring an additional 3,771 shares during the quarter. Banco Latinoamericano de Comercio Exterior, S. A. makes up about 5.0% of Beddow Capital Management Inc.’s portfolio, making the stock its 4th biggest holding. Beddow Capital Management Inc. owned approximately 1.05% of Banco Latinoamericano de Comercio Exterior, S. A. worth $11,386,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Meeder Asset Management Inc. raised its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 77.8% in the 2nd quarter. Meeder Asset Management Inc. now owns 969 shares of the bank’s stock valued at $29,000 after buying an additional 424 shares during the period. Rhumbline Advisers increased its stake in Banco Latinoamericano de Comercio Exterior, S. A. by 0.9% during the second quarter. Rhumbline Advisers now owns 47,093 shares of the bank’s stock worth $1,397,000 after purchasing an additional 411 shares during the period. Hillsdale Investment Management Inc. purchased a new stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. during the first quarter worth approximately $3,002,000. Sagil Capital LLP increased its stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 72.8% during the second quarter. Sagil Capital LLP now owns 189,118 shares of the bank’s stock worth $5,611,000 after buying an additional 79,701 shares during the period. Finally, LSV Asset Management increased its stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 0.9% during the first quarter. LSV Asset Management now owns 962,524 shares of the bank’s stock worth $28,510,000 after buying an additional 9,038 shares during the period. 19.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Scotiabank upped their target price on shares of Banco Latinoamericano de Comercio Exterior, S. A. from $38.00 to $42.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, June 12th.

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

BLX stock opened at $32.75 on Friday. The company has a market capitalization of $1.20 billion, a P/E ratio of 6.63 and a beta of 1.17. Banco Latinoamericano de Comercio Exterior, S. A. has a twelve month low of $20.01 and a twelve month high of $34.45. The business has a 50 day simple moving average of $30.99 and a 200-day simple moving average of $30.09. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 2.80.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last issued its quarterly earnings results on Tuesday, July 23rd. The bank reported $1.36 earnings per share for the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a return on equity of 15.91% and a net margin of 23.87%. The firm had revenue of $75.04 million during the quarter. As a group, equities analysts anticipate that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 EPS for the current year.

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

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Monday, August 5th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 6.11%. The ex-dividend date was Monday, August 5th. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio is presently 40.49%.

About Banco Latinoamericano de Comercio Exterior, S. A.

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.