Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Short Interest Up 105.5% in December

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) saw a significant increase in short interest in December. As of December 15th, there was short interest totalling 227,500 shares, an increase of 105.5% from the November 30th total of 110,700 shares. Based on an average daily volume of 118,700 shares, the days-to-cover ratio is currently 1.9 days. Currently, 0.8% of the shares of the stock are sold short.

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

NYSE:BLX traded down $0.48 during trading hours on Friday, hitting $35.38. 67,327 shares of the stock were exchanged, compared to its average volume of 125,705. The company has a market capitalization of $1.29 billion, a P/E ratio of 6.47 and a beta of 1.17. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 2.73. The company’s 50 day moving average is $34.14 and its two-hundred day moving average is $32.10. Banco Latinoamericano de Comercio Exterior, S. A. has a twelve month low of $22.93 and a twelve month high of $36.58.

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

The firm 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 was Friday, November 8th. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio (DPR) is presently 36.56%.

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

Several large investors have recently bought and sold shares of BLX. LSV Asset Management lifted its stake in Banco Latinoamericano de Comercio Exterior, S. A. by 18.8% in 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 raised its position 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 during the period. Beddow Capital Management Inc. boosted its stake in Banco Latinoamericano de Comercio Exterior, S. A. by 1.9% during the 3rd quarter. Beddow Capital Management Inc. now owns 391,161 shares of the bank’s stock worth $12,709,000 after acquiring an additional 7,423 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in 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 acquiring an additional 424 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in 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 valued at $1,397,000 after purchasing an additional 411 shares during the period. 19.47% of the stock is currently owned by institutional investors and hedge funds.

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.