Los Angeles Capital Management LLC Has $1.20 Million Stake in Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX)

Los Angeles Capital Management LLC reduced its holdings in Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) by 10.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 37,066 shares of the bank’s stock after selling 4,300 shares during the period. Los Angeles Capital Management LLC’s holdings in Banco Latinoamericano de Comercio Exterior, S. A. were worth $1,204,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Sagil Capital LLP grew its holdings 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 acquiring an additional 79,701 shares in the last quarter. Hillsdale Investment Management Inc. bought a new position in Banco Latinoamericano de Comercio Exterior, S. A. in the first quarter valued at approximately $3,002,000. Beddow Capital Management Inc. grew its stake 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 in the last quarter. LSV Asset Management increased its position in shares of 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 purchasing an additional 181,300 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its stake in shares of 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 worth $29,000 after purchasing an additional 424 shares in the last quarter. 19.47% of the stock is owned by institutional investors.

Banco Latinoamericano de Comercio Exterior, S. A. Price Performance

NYSE:BLX opened at $34.94 on Friday. The stock has a market capitalization of $1.28 billion, a PE ratio of 6.41 and a beta of 1.17. Banco Latinoamericano de Comercio Exterior, S. A. has a 1-year low of $22.93 and a 1-year high of $35.47. The firm has a fifty day simple moving average of $32.57 and a 200 day simple moving average of $31.09. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 2.73.

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

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 8th will be issued a $0.50 dividend. The ex-dividend date is Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.72%. 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.