First Trust Advisors LP Purchases 26,623 Shares of Tecnoglass Inc. (NASDAQ:TGLS)

First Trust Advisors LP increased its position in Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 55.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,429 shares of the company's stock after buying an additional 26,623 shares during the period. First Trust Advisors LP owned 0.16% of Tecnoglass worth $5,904,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TGLS. FMR LLC grew its stake in Tecnoglass by 49.2% in the fourth quarter. FMR LLC now owns 5,412,322 shares of the company's stock valued at $429,305,000 after acquiring an additional 1,785,602 shares during the period. Marshall Wace LLP bought a new position in shares of Tecnoglass in the 4th quarter worth $19,638,000. Invesco Ltd. grew its position in Tecnoglass by 486.8% in the 4th quarter. Invesco Ltd. now owns 147,070 shares of the company's stock valued at $11,666,000 after purchasing an additional 122,006 shares during the period. one8zero8 LLC bought a new stake in Tecnoglass during the 4th quarter valued at $8,021,000. Finally, Raymond James Financial Inc. acquired a new position in Tecnoglass during the fourth quarter worth $4,344,000. 37.35% of the stock is owned by institutional investors.

Tecnoglass Stock Down 2.1 %

Shares of Tecnoglass stock traded down $1.53 during trading hours on Tuesday, reaching $72.72. The company's stock had a trading volume of 17,144 shares, compared to its average volume of 361,915. The company has a market capitalization of $3.42 billion, a P/E ratio of 22.82 and a beta of 1.85. The stock's fifty day simple moving average is $69.85 and its two-hundred day simple moving average is $74.55. Tecnoglass Inc. has a one year low of $40.94 and a one year high of $86.99. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.63 and a current ratio of 2.21.

Tecnoglass Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a yield of 0.83%. Tecnoglass's dividend payout ratio (DPR) is currently 17.49%.

About Tecnoglass

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.