Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Short Interest Up 105.5% in December

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 227,500 shares, a growth of 105.5% from the November 30th total of 110,700 shares. Currently, 0.8% of the company’s stock are sold short. Based on an average trading volume of 118,700 shares, the days-to-cover ratio is presently 1.9 days.

Banco Latinoamericano de Comercio Exterior, S. A. Stock Down 1.3 %

Shares of NYSE BLX traded down $0.48 during trading hours on Friday, hitting $35.38. 67,327 shares of the stock were exchanged, compared to its average volume of 125,705. Banco Latinoamericano de Comercio Exterior, S. A. has a 12 month low of $22.93 and a 12 month high of $36.58. The firm has a fifty day moving average price of $34.18 and a 200-day moving average price of $32.17. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 2.73. The company 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. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 8th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 5.65%. The ex-dividend date of this dividend was Friday, November 8th. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio (DPR) is presently 36.56%.

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

Several institutional investors have recently added to or reduced their stakes in BLX. Meeder Asset Management Inc. grew its stake in Banco Latinoamericano de Comercio Exterior, S. A. by 77.8% during the 2nd quarter. Meeder Asset Management Inc. now owns 969 shares of the bank’s stock valued at $29,000 after purchasing an additional 424 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of 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. Sagil Capital LLP boosted its position in Banco Latinoamericano de Comercio Exterior, S. A. by 72.8% in the second quarter. Sagil Capital LLP now owns 189,118 shares of the bank’s stock valued at $5,611,000 after buying an additional 79,701 shares during the last quarter. Beddow Capital Management Inc. increased its holdings in 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. Finally, LSV Asset Management raised its position in 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 worth $33,937,000 after buying an additional 181,300 shares during the last quarter. Institutional investors and hedge funds own 19.47% of the company’s stock.

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.