Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Short Interest Update

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) saw a significant growth in short interest during 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. Based on an average trading volume of 118,700 shares, the days-to-cover ratio is currently 1.9 days. Approximately 0.8% of the company’s shares are sold short.

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

Large investors have recently made changes to their positions in the company. LSV Asset Management boosted its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 18.8% during the second quarter. LSV Asset Management now owns 1,143,824 shares of the bank’s stock valued at $33,937,000 after buying an additional 181,300 shares during the period. Sagil Capital LLP increased its stake 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 worth $5,611,000 after purchasing an additional 79,701 shares during the period. Beddow Capital Management Inc. lifted its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 1.9% during 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. boosted its stake in shares of 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 valued at $29,000 after purchasing an additional 424 shares during the period. Finally, Rhumbline Advisers grew its holdings in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 0.9% in 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 owned by hedge funds and other institutional investors.

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

Shares of NYSE:BLX traded down $0.48 during trading on Friday, hitting $35.38. The company had a trading volume of 67,327 shares, compared to its average volume of 125,705. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 6.47 and a beta of 1.17. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.77 and a quick ratio of 1.77. The company has a fifty day simple moving average of $34.18 and a two-hundred day simple moving average of $32.17. Banco Latinoamericano de Comercio Exterior, S. A. has a one year low of $22.93 and a one year high of $36.58.

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

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 8th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend 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 is currently 36.56%.

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.