Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Short Interest Down 15.0% in October

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) saw a significant 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. Based on an average daily volume of 114,600 shares, the short-interest ratio is presently 1.6 days. Approximately 0.7% of the company’s shares are sold short.

Banco Latinoamericano de Comercio Exterior, S. A. Trading Down 1.0 %

Banco Latinoamericano de Comercio Exterior, S. A. stock traded down $0.32 during midday trading on Thursday, reaching $32.11. 24,595 shares of the stock traded hands, compared to its average volume of 125,366. The firm has a market cap of $1.17 billion, a PE ratio of 5.93 and a beta of 1.17. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 2.80. The company has a 50-day simple moving average of $32.03 and a two-hundred day simple moving average of $30.81. Banco Latinoamericano de Comercio Exterior, S. A. has a 12-month low of $21.69 and a 12-month high of $34.45.

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

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 given a $0.50 dividend. The ex-dividend date is Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 6.23%. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio is presently 36.56%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. boosted its position in shares of 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 purchasing an additional 424 shares during the period. Rhumbline Advisers raised its position in 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. acquired a new position in Banco Latinoamericano de Comercio Exterior, S. A. in the first quarter valued at $3,002,000. Sagil Capital LLP raised its position in 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. lifted its position in Banco Latinoamericano de Comercio Exterior, S. A. by 1.0% in the second quarter. Beddow Capital Management Inc. now owns 383,738 shares of the bank’s stock valued at $11,386,000 after purchasing an additional 3,771 shares during the period. Hedge funds and other institutional investors 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.