Banco Latinoamericano de Comerci Extr SA (BLX) Shares Sold by Beddow Capital Management Inc.

Beddow Capital Management Inc. trimmed its position in Banco Latinoamericano de Comerci Extr SA (NYSE:BLX) by 11.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 212,011 shares of the bank’s stock after selling 28,731 shares during the period. Banco Latinoamericano de Comerci Extr makes up approximately 2.0% of Beddow Capital Management Inc.’s portfolio, making the stock its 23rd biggest position. Beddow Capital Management Inc. owned approximately 0.54% of Banco Latinoamericano de Comerci Extr worth $3,668,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Motley Fool Wealth Management LLC lifted its position in shares of Banco Latinoamericano de Comerci Extr by 21.3% during the 3rd quarter. Motley Fool Wealth Management LLC now owns 452,202 shares of the bank’s stock worth $9,460,000 after buying an additional 79,379 shares during the last quarter. Paradice Investment Management LLC lifted its position in shares of Banco Latinoamericano de Comerci Extr by 7.9% during the 3rd quarter. Paradice Investment Management LLC now owns 2,320,357 shares of the bank’s stock worth $48,542,000 after buying an additional 169,313 shares during the last quarter. American International Group Inc. purchased a new stake in shares of Banco Latinoamericano de Comerci Extr during the 3rd quarter worth approximately $425,000. Finally, Rhumbline Advisers lifted its position in shares of Banco Latinoamericano de Comerci Extr by 43.4% during the 4th quarter. Rhumbline Advisers now owns 43,366 shares of the bank’s stock worth $750,000 after buying an additional 13,131 shares during the last quarter. 15.85% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently weighed in on BLX shares. CIBC restated a “buy” rating and set a $23.00 price objective on shares of Banco Latinoamericano de Comerci Extr in a research report on Tuesday, January 15th. TD Securities restated a “buy” rating and set a $21.00 price objective on shares of Banco Latinoamericano de Comerci Extr in a research report on Monday, November 12th. TheStreet downgraded shares of Banco Latinoamericano de Comerci Extr from a “c” rating to a “d+” rating in a research report on Thursday, November 1st. Zacks Investment Research upgraded shares of Banco Latinoamericano de Comerci Extr from a “sell” rating to a “hold” rating in a research report on Thursday, December 27th. Finally, ValuEngine upgraded shares of Banco Latinoamericano de Comerci Extr from a “strong sell” rating to a “sell” rating in a research report on Friday, December 21st. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $24.00.

BLX stock opened at $18.71 on Thursday. Banco Latinoamericano de Comerci Extr SA has a 12 month low of $15.31 and a 12 month high of $29.95. The firm has a market capitalization of $731.06 million, a P/E ratio of 9.00 and a beta of 1.28. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.44.

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About Banco Latinoamericano de Comerci Extr

Banco Latinoamericano de Comercio Exterior, SA, a multinational bank, primarily engages in the financing of foreign trade in Latin America and the Caribbean. The company operates through two segments, Commercial and Treasury. It offers short and medium-term bilateral, collateral-backed, short and medium term trade, and pre-export financing structured loans; and discounting of notes, cross-border leasing, pre- and post-export financing, import financing, letters of credit, bank guarantees, documentary collection, irrevocable reimbursement undertakings, bankers' acceptance, vendor finance, and ECA-backed financing services.

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Institutional Ownership by Quarter for Banco Latinoamericano de Comerci Extr (NYSE:BLX)

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