Beddow Capital Management Inc. Purchases 7,423 Shares of Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX)

Beddow Capital Management Inc. increased its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) by 1.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 391,161 shares of the bank’s stock after buying an additional 7,423 shares during the period. Banco Latinoamericano de Comercio Exterior, S. A. accounts for 5.2% of Beddow Capital Management Inc.’s holdings, making the stock its 4th biggest holding. Beddow Capital Management Inc. owned about 1.07% of Banco Latinoamericano de Comercio Exterior, S. A. worth $12,709,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. LSV Asset Management grew its holdings in 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 acquiring an additional 181,300 shares during the period. Sagil Capital LLP grew its stake in Banco Latinoamericano de Comercio Exterior, S. A. by 72.8% during 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. Meeder Asset Management Inc. increased 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 in the last quarter. Finally, Rhumbline Advisers increased its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 0.9% in 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 in the last quarter. Institutional investors and hedge funds own 19.47% of the company’s stock.

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

Banco Latinoamericano de Comercio Exterior, S. A. stock opened at $33.59 on Tuesday. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 6.14 and a beta of 1.17. Banco Latinoamericano de Comercio Exterior, S. A. has a 52-week low of $22.93 and a 52-week high of $35.47. 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’s 50 day moving average price is $32.71 and its two-hundred day moving average price is $31.18.

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

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 8th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.95%. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio (DPR) is presently 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.