Brandes Investment Partners Updates BLX Stake in SC 13G Amendment
Ticker: BLX · Form: SC 13G · Filed: Jan 10, 2024 · CIK: 890541
| Field | Detail |
|---|---|
| Company | Foreign Trade Bank Of Latin America, Inc. (BLX) |
| Form Type | SC 13G |
| Filed Date | Jan 10, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**Brandes Investment Partners still holds a stake in Foreign Trade Bank of Latin America, Inc. as of year-end 2023.**
AI Summary
Brandes Investment Partners, L.P. filed an Amendment No. 24 to their SC 13G on January 10, 2024, indicating their ownership of shares in Foreign Trade Bank of Latin America, Inc. (NYSE: BLX) as of December 31, 2023. This filing, made under Rule 13d-1(b), updates their previous disclosures regarding their passive investment in the bank. For investors, this matters because Brandes is a significant institutional holder, and changes in their position can signal shifts in institutional sentiment or investment strategy towards the bank.
Why It Matters
This filing confirms Brandes Investment Partners' continued significant, passive ownership in Foreign Trade Bank of Latin America, Inc., providing transparency into a major institutional investor's position.
Risk Assessment
Risk Level: low — This is a routine amendment to a passive ownership filing, indicating no immediate significant risk or change in strategy.
Analyst Insight
Investors should note Brandes' continued presence as a significant institutional holder, but this filing itself doesn't suggest any immediate action, as it's a routine update of a passive stake.
Key Numbers
- Amendment No.24 — Amendment Number (Indicates a long history of filings by Brandes regarding this issuer.)
- P16994132 — CUSIP Number (Unique identifier for the class of securities (E Shares) of Foreign Trade Bank of Latin America, Inc.)
- 005-48861 — SEC File Number (Identifier for the issuer's filings with the SEC.)
Key Players & Entities
- Brandes Investment Partners, L.P. (company) — Reporting Person, institutional investor
- Foreign Trade Bank of Latin America, Inc. (company) — Subject Company, issuer of securities
- Brandes Worldwide Holdings, L.P. (company) — Group Member of Reporting Persons
- CO-GP, LLC (company) — Group Member of Reporting Persons
- Glenn Carlson (person) — Group Member of Reporting Persons
- December 31, 2023 (date) — Date of Event Which Requires Filing
- January 10, 2024 (date) — Filing Date
Forward-Looking Statements
- Brandes Investment Partners will maintain a passive investment strategy in Foreign Trade Bank of Latin America, Inc. (Brandes Investment Partners, L.P.) — high confidence, target: Next 12 months
FAQ
What is the purpose of this specific SC 13G filing?
This is an Amendment No. 24 to a Schedule 13G, filed by Brandes Investment Partners, L.P. under Rule 13d-1(b), to update their ownership position in Foreign Trade Bank of Latin America, Inc. as of December 31, 2023.
Who are the reporting persons or entities associated with this filing?
The primary reporting person is Brandes Investment Partners, L.P. Other group members listed include Brandes Worldwide Holdings, L.P., CO-GP, LLC, and Glenn Carlson.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the 'E Shares' of Foreign Trade Bank of Latin America, Inc. is P16994132.
When was the event that triggered this filing?
The date of the event which requires this filing was December 31, 2023.
Under which SEC rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), which typically applies to institutional investors who acquire beneficial ownership of more than 5% of a class of a company's equity securities in the ordinary course of business and without the purpose or effect of changing or influencing control of the issuer.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 10, 2024 by Glenn Carlson regarding FOREIGN TRADE BANK OF LATIN AMERICA, INC. (BLX).