Hillsdale Investment Management Inc. Sells 26,000 Shares of Banco Latinoamericano de Comercio Exterior, S.A. $BLX

Hillsdale Investment Management Inc. lowered its stake in shares of Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) by 21.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 96,064 shares of the bank’s stock after selling 26,000 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Banco Latinoamericano de Comercio Exterior were worth $4,907,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. LSV Asset Management raised its holdings in Banco Latinoamericano de Comercio Exterior by 1.3% in the 4th quarter. LSV Asset Management now owns 1,163,826 shares of the bank’s stock valued at $51,907,000 after acquiring an additional 15,291 shares in the last quarter. Diversified Trust Co grew its holdings in shares of Banco Latinoamericano de Comercio Exterior by 63.0% during the 1st quarter. Diversified Trust Co now owns 7,316 shares of the bank’s stock worth $374,000 after purchasing an additional 2,827 shares in the last quarter. Finally, Diversified Trust Co. acquired a new stake in shares of Banco Latinoamericano de Comercio Exterior during the 4th quarter worth $200,000. Institutional investors own 19.47% of the company’s stock.

Banco Latinoamericano de Comercio Exterior Stock Performance

NYSE BLX opened at $57.47 on Wednesday. The firm’s fifty day moving average price is $57.33 and its two-hundred day moving average price is $52.25. The stock has a market cap of $2.14 billion, a PE ratio of 9.55 and a beta of 0.79. Banco Latinoamericano de Comercio Exterior, S.A. has a fifty-two week low of $38.41 and a fifty-two week high of $63.19. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.52 and a current ratio of 1.52.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last announced its quarterly earnings results on Tuesday, April 28th. The bank reported $1.31 earnings per share (EPS) for the quarter. Banco Latinoamericano de Comercio Exterior had a net margin of 27.77% and a return on equity of 14.36%. The company had revenue of $83.10 million during the quarter.

Banco Latinoamericano de Comercio Exterior Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Friday, May 8th were given a dividend of $0.6875 per share. The ex-dividend date was Friday, May 8th. This represents a $2.75 dividend on an annualized basis and a yield of 4.8%. Banco Latinoamericano de Comercio Exterior’s payout ratio is currently 45.68%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Banco Latinoamericano de Comercio Exterior from a “buy (a)” rating to a “buy (a-)” rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Banco Latinoamericano de Comercio Exterior presently has a consensus rating of “Strong Buy”.

Banco Latinoamericano de Comercio Exterior Company Profile

Banco Latinoamericano de Comercio Exterior SA, commonly known as BLADEx and traded on the New York Stock Exchange under the symbol BLX, is a multilateral financial institution dedicated to promoting foreign trade and regional integration in Latin America and the Caribbean. Headquartered in Panama City, the bank provides specialized trade finance solutions to corporate clients and financial institutions, helping to facilitate cross-border transactions across key markets in the region. Its services encompass import and export financing, supply chain solutions, project and structured finance, as well as treasury and risk management products.

Established in 1977 by a consortium of 20 Latin American and Caribbean governments in partnership with the Inter-American Development Bank (IDB), BLADEx has a mandate to support economic development through trade facilitation.