ExodusPoint Capital Management LP purchased a new stake in Tecnoglass Inc. (NASDAQ:TGLS - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,057 shares of the company's stock, valued at approximately $322,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Polaris Capital Management LLC raised its position in shares of Tecnoglass by 2.5% in the fourth quarter. Polaris Capital Management LLC now owns 860,964 shares of the company's stock worth $68,292,000 after buying an additional 20,800 shares in the last quarter. Vanguard Group Inc. increased its stake in Tecnoglass by 6.5% in the 4th quarter. Vanguard Group Inc. now owns 517,435 shares of the company's stock worth $41,043,000 after acquiring an additional 31,493 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Tecnoglass by 4.8% in the 3rd quarter. Geode Capital Management LLC now owns 500,265 shares of the company's stock valued at $34,355,000 after acquiring an additional 22,700 shares in the last quarter. State Street Corp boosted its position in shares of Tecnoglass by 29.1% during the 3rd quarter. State Street Corp now owns 416,964 shares of the company's stock valued at $28,674,000 after acquiring an additional 93,968 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Tecnoglass by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 184,313 shares of the company's stock worth $14,620,000 after purchasing an additional 913 shares in the last quarter. 37.35% of the stock is currently owned by institutional investors.
Tecnoglass Price Performance
TGLS traded up $0.05 on Friday, reaching $67.86. The company had a trading volume of 258,178 shares, compared to its average volume of 365,015. Tecnoglass Inc. has a 52-week low of $40.94 and a 52-week high of $86.99. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 21.21 and a beta of 1.66. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.63 and a current ratio of 2.21. The business has a 50 day simple moving average of $70.23 and a 200 day simple moving average of $74.69.
Tecnoglass Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Monday, March 31st. Tecnoglass's dividend payout ratio is currently 17.49%.
About Tecnoglass
(
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.
Featured Articles
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
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
