Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Sees Significant Decrease in Short Interest

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) was the recipient of a large decrease in short interest in October. As of October 15th, there was short interest totalling 178,000 shares, a decrease of 15.0% from the September 30th total of 209,400 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 114,600 shares, the days-to-cover ratio is currently 1.6 days.

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

Banco Latinoamericano de Comercio Exterior, S. A. stock traded down $0.32 during mid-day trading on Thursday, hitting $32.11. 24,595 shares of the company were exchanged, compared to its average volume of 125,366. Banco Latinoamericano de Comercio Exterior, S. A. has a 12-month low of $21.69 and a 12-month high of $34.45. The company has a market capitalization of $1.17 billion, a P/E ratio of 5.93 and a beta of 1.17. The business’s 50 day simple moving average is $32.03 and its two-hundred day simple moving average is $30.81. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.62 and a quick ratio of 1.62.

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

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Friday, November 8th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 6.23%. The ex-dividend date of this dividend is Friday, November 8th. Banco Latinoamericano de Comercio Exterior, S. A.’s payout ratio is 36.56%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BLX. Meeder Asset Management Inc. boosted its position 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 acquiring an additional 424 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of 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 valued at $1,397,000 after purchasing an additional 411 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. during the 1st quarter valued at $3,002,000. Sagil Capital LLP increased its holdings in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 72.8% during the 2nd 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 last quarter. Finally, Beddow Capital Management Inc. raised its position in shares of 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 worth $11,386,000 after buying an additional 3,771 shares during the period. Institutional investors and hedge funds own 19.47% of the company’s stock.

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.