Beddow Capital Management Inc. Sells 1,000 Shares of Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX)

Beddow Capital Management Inc. reduced its position in Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) by 0.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 390,161 shares of the bank’s stock after selling 1,000 shares during the period. Banco Latinoamericano de Comercio Exterior, S. A. comprises about 5.7% of Beddow Capital Management Inc.’s holdings, making the stock its 2nd largest position. Beddow Capital Management Inc.’s holdings in Banco Latinoamericano de Comercio Exterior, S. A. were worth $13,878,000 at the end of the most recent reporting period.

Separately, Longboard Asset Management LP acquired a new position in Banco Latinoamericano de Comercio Exterior, S. A. in the 4th quarter worth about $202,000. Hedge funds and other institutional investors own 19.47% of the company’s stock.

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

Shares of BLX stock opened at $37.14 on Friday. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.77 and a quick ratio of 1.77. Banco Latinoamericano de Comercio Exterior, S. A. has a fifty-two week low of $27.37 and a fifty-two week high of $42.88. The stock’s 50-day moving average is $38.37 and its two-hundred day moving average is $35.29. The firm has a market cap of $1.36 billion, a P/E ratio of 6.79 and a beta of 1.13.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last posted its earnings results on Thursday, February 27th. The bank reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.33. Banco Latinoamericano de Comercio Exterior, S. A. had a return on equity of 16.01% and a net margin of 24.29%. The firm had revenue of $78.40 million during the quarter, compared to analyst estimates of $54.84 million. Analysts predict that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 earnings per share for the current fiscal year.

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

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Monday, March 10th will be issued a $0.625 dividend. This is a positive change from Banco Latinoamericano de Comercio Exterior, S. A.’s previous quarterly dividend of $0.50. This represents a $2.50 annualized dividend and a yield of 6.73%. The ex-dividend date of this dividend is Monday, March 10th. Banco Latinoamericano de Comercio Exterior, S. A.’s payout ratio is 44.64%.

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.