Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX - Free Report) by 4,087.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,462 shares of the bank's stock after purchasing an additional 25,830 shares during the quarter. GAMMA Investing LLC owned approximately 0.07% of Banco Latinoamericano de Comercio Exterior worth $969,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Motley Fool Wealth Management LLC bought a new position in Banco Latinoamericano de Comercio Exterior in the fourth quarter worth approximately $1,603,000. Sterling Capital Management LLC boosted its position in Banco Latinoamericano de Comercio Exterior by 5.7% during the 4th quarter. Sterling Capital Management LLC now owns 14,497 shares of the bank's stock valued at $516,000 after acquiring an additional 779 shares in the last quarter. Hillsdale Investment Management Inc. increased its holdings in shares of Banco Latinoamericano de Comercio Exterior by 0.7% in 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 period. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Banco Latinoamericano de Comercio Exterior in the 4th quarter valued at $74,000. Hedge funds and other institutional investors own 19.47% of the company's stock.

Banco Latinoamericano de Comercio Exterior Stock Down 1.6%

NYSE BLX traded down $0.65 on Friday, hitting $41.06. The stock had a trading volume of 105,356 shares, compared to its average volume of 126,755. The business's fifty day moving average price is $40.02 and its 200 day moving average price is $38.11. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 7.34 and a beta of 0.88. The company has a debt-to-equity ratio of 2.92, a current ratio of 1.62 and a quick ratio of 1.62. Banco Latinoamericano de Comercio Exterior, S.A. has a 52-week low of $27.37 and a 52-week high of $43.19.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX - Get Free Report) last announced its earnings results on Monday, May 5th. The bank reported $1.40 earnings per share for the quarter. Banco Latinoamericano de Comercio Exterior had a return on equity of 15.63% and a net margin of 24.91%. The firm had revenue of $77.95 million for the quarter. Equities research analysts anticipate that Banco Latinoamericano de Comercio Exterior, S.A. will post 4.6 earnings per share for the current year.

Banco Latinoamericano de Comercio Exterior Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Friday, May 16th were issued a dividend of $0.625 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.50 annualized dividend and a dividend yield of 6.09%. Banco Latinoamericano de Comercio Exterior's dividend payout ratio (DPR) is currently 44.64%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Banco Latinoamericano de Comercio Exterior from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th.

About Banco Latinoamericano de Comercio Exterior

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.