Capital World Investors bought a new stake in Tecnoglass Inc. (NASDAQ:TGLS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 296,646 shares of the company's stock, valued at approximately $23,530,000. Capital World Investors owned 0.63% of Tecnoglass at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in TGLS. USA Financial Formulas acquired a new position in shares of Tecnoglass in the 4th quarter valued at $26,000. R Squared Ltd acquired a new position in shares of Tecnoglass in the 4th quarter valued at $70,000. Signaturefd LLC boosted its holdings in Tecnoglass by 32.6% in the fourth quarter. Signaturefd LLC now owns 898 shares of the company's stock valued at $71,000 after purchasing an additional 221 shares during the last quarter. Covestor Ltd boosted its holdings in Tecnoglass by 6,293.8% in the fourth quarter. Covestor Ltd now owns 1,023 shares of the company's stock valued at $81,000 after purchasing an additional 1,007 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its holdings in Tecnoglass by 18.7% in the fourth quarter. Quadrant Capital Group LLC now owns 1,079 shares of the company's stock valued at $86,000 after purchasing an additional 170 shares during the last quarter. 37.35% of the stock is owned by institutional investors and hedge funds.
Tecnoglass Stock Performance
NASDAQ:TGLS traded up $0.15 during mid-day trading on Friday, hitting $72.25. The company's stock had a trading volume of 190,827 shares, compared to its average volume of 364,984. Tecnoglass Inc. has a 1 year low of $40.94 and a 1 year high of $86.99. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.21 and a quick ratio of 1.63. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 22.58 and a beta of 1.66. The business's fifty day moving average is $69.56 and its two-hundred day moving average is $74.72.
Tecnoglass Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.83%. The ex-dividend date is Monday, March 31st. Tecnoglass's payout ratio is 17.49%.
Tecnoglass 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.
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