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

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) was the recipient of a significant decrease in short interest in the month of 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. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 125,900 shares, the short-interest ratio is currently 0.7 days.

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

NYSE BLX opened at $36.61 on Tuesday. The company’s 50 day simple moving average is $34.97 and its two-hundred day simple moving average is $32.74. 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 $37.44. The stock has a market capitalization of $1.34 billion, a PE ratio of 6.69 and a beta of 1.16.

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

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

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sagil Capital LLP raised its holdings in shares of 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 in the last quarter. Beddow Capital Management Inc. increased its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 1.9% in 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 last quarter. Meeder Asset Management Inc. raised its stake 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 valued at $29,000 after purchasing an additional 424 shares in the last quarter. Finally, Rhumbline Advisers lifted its position 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 valued at $1,397,000 after purchasing an additional 411 shares during the last quarter. 19.47% of the stock is currently owned by hedge funds and other institutional investors.

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.