Barclays PLC grew its holdings in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 12.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,647 shares of the company's stock after buying an additional 4,271 shares during the period. Barclays PLC owned 0.08% of Tecnoglass worth $3,145,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. bought a new stake in shares of Tecnoglass during the third quarter valued at about $2,211,000. Tidal Investments LLC acquired a new position in shares of Tecnoglass during the third quarter valued at approximately $585,000. JPMorgan Chase & Co. increased its stake in shares of Tecnoglass by 6.3% during the third quarter. JPMorgan Chase & Co. now owns 19,237 shares of the company's stock valued at $1,321,000 after acquiring an additional 1,146 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in Tecnoglass in the fourth quarter worth approximately $265,000. Finally, New York State Common Retirement Fund grew its holdings in Tecnoglass by 40.0% during the fourth quarter. New York State Common Retirement Fund now owns 20,305 shares of the company's stock worth $1,611,000 after acquiring an additional 5,800 shares during the period. 37.35% of the stock is currently owned by institutional investors and hedge funds.
Tecnoglass Price Performance
Shares of NASDAQ TGLS traded down $0.28 during midday trading on Monday, reaching $74.11. The company's stock had a trading volume of 32,150 shares, compared to its average volume of 362,490. Tecnoglass Inc. has a one year low of $40.94 and a one year high of $86.99. The company has a market cap of $3.48 billion, a price-to-earnings ratio of 23.16 and a beta of 1.85. The company has a 50 day moving average price of $69.77 and a 200 day moving average price of $74.58. The company has a current ratio of 2.21, a quick ratio of 1.63 and a debt-to-equity ratio of 0.20.
Tecnoglass Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.60 annualized dividend and a yield of 0.81%. Tecnoglass's payout ratio is presently 17.49%.
Tecnoglass Company Profile
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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.
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