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) was the target of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 88,200 shares, a drop of 61.2% from the December 15th total of 227,500 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 125,900 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers raised its holdings 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 purchasing an additional 411 shares during the period. Meeder Asset Management Inc. lifted its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 77.8% in the second quarter. Meeder Asset Management Inc. now owns 969 shares of the bank’s stock worth $29,000 after purchasing an additional 424 shares during the period. Beddow Capital Management Inc. lifted its stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 1.0% in the 2nd quarter. Beddow Capital Management Inc. now owns 383,738 shares of the bank’s stock worth $11,386,000 after acquiring an additional 3,771 shares during the period. Finally, Sagil Capital LLP lifted its position 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. 19.47% of the stock is owned by institutional investors and hedge funds.

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

NYSE BLX opened at $38.26 on Thursday. The stock has a market cap of $1.40 billion, a PE ratio of 6.99 and a beta of 1.16. The business has a 50 day moving average price of $35.14 and a two-hundred day moving average price of $32.84. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 2.73. Banco Latinoamericano de Comercio Exterior, S. A. has a fifty-two week low of $22.93 and a fifty-two week high of $38.40.

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

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 8th were given 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 was Friday, November 8th. Banco Latinoamericano de Comercio Exterior, S. A.’s payout ratio is 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.