Dark Forest Capital Management LP acquired a new position in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,176 shares of the company's stock, valued at approximately $807,000.
Several other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. purchased a new position in Tecnoglass during the third quarter worth about $2,211,000. Tidal Investments LLC bought a new position in shares of Tecnoglass in the third quarter valued at approximately $585,000. Barclays PLC increased its position in shares of Tecnoglass by 32.2% during the third quarter. Barclays PLC now owns 35,376 shares of the company's stock valued at $2,429,000 after acquiring an additional 8,613 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Tecnoglass by 4.8% during the third quarter. Geode Capital Management LLC now owns 500,265 shares of the company's stock worth $34,355,000 after acquiring an additional 22,700 shares during the period. Finally, Jump Financial LLC purchased a new position in Tecnoglass in the fourth quarter worth $975,000. Institutional investors own 37.35% of the company's stock.
Tecnoglass Stock Performance
Shares of NASDAQ:TGLS traded down $0.78 during midday trading on Wednesday, reaching $70.22. The company had a trading volume of 59,389 shares, compared to its average volume of 363,056. Tecnoglass Inc. has a 52-week low of $40.94 and a 52-week high of $86.99. The company's 50 day moving average price is $69.55 and its 200 day moving average price is $74.67. The company has a current ratio of 2.21, a quick ratio of 1.63 and a debt-to-equity ratio of 0.20. The stock has a market cap of $3.30 billion, a P/E ratio of 22.00 and a beta of 1.66.
Tecnoglass Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.60 annualized dividend and a dividend yield of 0.85%. Tecnoglass's payout ratio is currently 17.49%.
Tecnoglass Company Profile
(
Free Report)
Tecnoglass Inc manufactures, supplies, and installs architectural glass, windows, and associated aluminum and vinyl products for commercial and residential construction markets in Colombia, the United States, Panama, and internationally. The company provides low emissivity, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass products.
See Also
Before you consider Tecnoglass, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tecnoglass wasn't on the list.
While Tecnoglass currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
