Banco Latinoamericano de Comercio Exterior SA (NYSE:BLX) rose 0.9% during mid-day trading on Tuesday . The stock traded as high as $28.32 and last traded at $28.28, with a volume of 56,664 shares trading hands. The stock had previously closed at $28.04.

Separately, Zacks Investment Research cut Banco Latinoamericano de Comercio Exterior SA from a “buy” rating to a “hold” rating in a research note on Tuesday, May 3rd.

The firm has a market capitalization of $1.10 billion and a PE ratio of 11.30. The firm has a 50 day moving average of $26.79 and a 200-day moving average of $24.46.

A hedge fund recently bought a new stake in Banco Latinoamericano de Comercio Exterior SA stock. Paradice Investment Management LLC acquired a new stake in shares of Banco Latinoamericano de Comercio Exterior SA (NYSE:BLX) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,249,677 shares of the company’s stock, valued at approximately $32,404,000. Banco Latinoamericano de Comercio Exterior SA accounts for 4.6% of Paradice Investment Management LLC’s investment portfolio, making the stock its 11th largest position. Paradice Investment Management LLC owned 3.21% of Banco Latinoamericano de Comercio Exterior SA as of its most recent filing with the SEC.

Banco Latinoamericano de Comercio Exterior, SA (Bladex Head Office) is a specialized supranational bank. The Company operates in two segments: Commercial and Treasury. The Commercial segment portfolio includes book value of loans, selected deposits placed, acceptances and contingencies. The Treasury segment incorporates deposits in banks and all of the Bank’s trading assets, securities available-for-sale and held-to-maturity, and the balance of the investment funds.

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