Martingale Asset Management L P Cuts Stock Holdings in Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX)

Martingale Asset Management L P cut its stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Free Report) by 33.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,143 shares of the bank's stock after selling 23,027 shares during the period. Martingale Asset Management L P owned 0.12% of Banco Latinoamericano de Comercio Exterior, S. A. worth $1,606,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of BLX. Hillsdale Investment Management Inc. boosted its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 0.7% during the 4th quarter. Hillsdale Investment Management Inc. now owns 124,864 shares of the bank's stock valued at $4,441,000 after acquiring an additional 900 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Banco Latinoamericano de Comercio Exterior, S. A. in the 4th quarter worth approximately $74,000. Longboard Asset Management LP purchased a new stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. during the 4th quarter valued at $202,000. Finally, Motley Fool Wealth Management LLC bought a new stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. during the 4th quarter worth $1,603,000. 19.47% of the stock is owned by hedge funds and other institutional investors.

Banco Latinoamericano de Comercio Exterior, S. A. Trading Up 1.6 %

Shares of NYSE BLX traded up $0.61 during mid-day trading on Thursday, hitting $38.26. The stock had a trading volume of 72,734 shares, compared to its average volume of 128,015. The firm has a market cap of $1.40 billion, a P/E ratio of 6.99 and a beta of 0.88. 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 business has a 50 day moving average price of $37.66 and a two-hundred day moving average price of $35.91. Banco Latinoamericano de Comercio Exterior, S. A. has a 1 year low of $27.37 and a 1 year high of $42.88.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX - Get Free Report) last posted its earnings results on Thursday, February 27th. The bank reported $1.40 earnings per share (EPS) 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 company had revenue of $78.40 million for the quarter, compared to analysts' expectations of $54.84 million. On average, equities analysts anticipate that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 EPS for the current fiscal year.

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

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Monday, March 10th were given a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 6.53%. This is a boost from Banco Latinoamericano de Comercio Exterior, S. A.'s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Monday, March 10th. Banco Latinoamericano de Comercio Exterior, S. A.'s dividend payout ratio (DPR) is currently 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.