Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Short Interest Down 61.2% in December

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 88,200 shares, a decrease of 61.2% from the December 15th total of 227,500 shares. Based on an average trading volume of 125,900 shares, the short-interest ratio is presently 0.7 days. Currently, 0.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Meeder Asset Management Inc. lifted its stake 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 acquiring an additional 424 shares during the last quarter. Rhumbline Advisers lifted its stake 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 acquiring an additional 411 shares during the last quarter. Sagil Capital LLP increased its holdings 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 purchasing an additional 79,701 shares during the period. Finally, Beddow Capital Management Inc. increased its holdings 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. 19.47% of the stock is currently owned by institutional investors.

Banco Latinoamericano de Comercio Exterior, S. A. Stock Up 3.2 %

Shares of BLX opened at $38.26 on Thursday. Banco Latinoamericano de Comercio Exterior, S. A. has a 52 week low of $22.93 and a 52 week high of $38.40. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 6.99 and a beta of 1.16. The company has a debt-to-equity ratio of 2.73, a quick ratio of 1.77 and a current ratio of 1.77. The stock has a fifty day moving average of $35.14 and a 200-day moving average of $32.84.

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

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date of this dividend was Friday, November 8th. Banco Latinoamericano de Comercio Exterior, S. A.’s payout ratio is 36.56%.

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.