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

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. Approximately 0.8% of the company’s shares are short sold. Based on an average daily 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 on Friday, hitting $35.38. 67,327 shares of the company’s stock traded hands, compared to its average volume of 125,705. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 2.73. The company has a 50-day moving average price of $34.14 and a 200-day moving average price of $32.10. Banco Latinoamericano de Comercio Exterior, S. A. has a 52 week low of $22.93 and a 52 week high of $36.58. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 6.47 and a beta of 1.17.

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

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 8th were issued 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 (DPR) is presently 36.56%.

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

Large investors have recently made changes to their positions in the stock. LSV Asset Management lifted its position in Banco Latinoamericano de Comercio Exterior, S. A. by 18.8% in the 2nd quarter. LSV Asset Management now owns 1,143,824 shares of the bank’s stock valued at $33,937,000 after acquiring an additional 181,300 shares in the last quarter. Sagil Capital LLP raised its stake 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 purchasing an additional 79,701 shares during the period. Beddow Capital Management Inc. lifted its holdings 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 valued at $12,709,000 after purchasing an additional 7,423 shares in the last quarter. Meeder Asset Management Inc. boosted its position 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 worth $29,000 after buying an additional 424 shares during the period. Finally, Rhumbline Advisers boosted its position 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 buying an additional 411 shares during the period. Institutional investors 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.