Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Short Interest Down 61.2% in December

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) was the target of a significant decrease in short interest in December. As of December 31st, there was short interest totalling 88,200 shares, a decrease of 61.2% from the December 15th total of 227,500 shares. Based on an average daily trading volume, of 125,900 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.3% of the shares of the stock are sold short.

Banco Latinoamericano de Comercio Exterior, S. A. Trading Up 3.2 %

Shares of NYSE:BLX opened at $38.26 on Thursday. The business’s 50 day simple moving average is $35.14 and its 200 day simple moving average is $32.84. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.77 and a quick ratio of 1.77. Banco Latinoamericano de Comercio Exterior, S. A. has a 1 year low of $22.93 and a 1 year high of $38.40. The company has a market capitalization of $1.40 billion, a P/E ratio of 6.99 and a beta of 1.16.

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

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 8th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 5.23%. The ex-dividend date of this dividend was Friday, November 8th. Banco Latinoamericano de Comercio Exterior, S. A.’s payout ratio is presently 36.56%.

Institutional Investors Weigh In On Banco Latinoamericano de Comercio Exterior, S. A.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sagil Capital LLP lifted its stake in 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 purchasing an additional 79,701 shares during the last quarter. Beddow Capital Management Inc. lifted its stake in Banco Latinoamericano de Comercio Exterior, S. A. by 1.0% during the second quarter. Beddow Capital Management Inc. now owns 383,738 shares of the bank’s stock worth $11,386,000 after purchasing an additional 3,771 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in Banco Latinoamericano de Comercio Exterior, S. A. by 77.8% during 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 during the last quarter. Finally, Rhumbline Advisers lifted 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 last quarter. 19.47% of the stock is currently owned by 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.