First Trust Advisors LP raised its stake in Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 55.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 74,429 shares of the company's stock after purchasing an additional 26,623 shares during the period. First Trust Advisors LP owned 0.16% of Tecnoglass worth $5,904,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. USA Financial Formulas bought a new stake in Tecnoglass in the 4th quarter valued at about $26,000. R Squared Ltd bought a new stake in shares of Tecnoglass during the fourth quarter valued at approximately $70,000. Signaturefd LLC raised its position in shares of Tecnoglass by 32.6% during the fourth quarter. Signaturefd LLC now owns 898 shares of the company's stock worth $71,000 after purchasing an additional 221 shares during the period. Covestor Ltd lifted its holdings in shares of Tecnoglass by 6,293.8% in the 4th quarter. Covestor Ltd now owns 1,023 shares of the company's stock worth $81,000 after purchasing an additional 1,007 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Tecnoglass by 18.7% in the 4th quarter. Quadrant Capital Group LLC now owns 1,079 shares of the company's stock worth $86,000 after purchasing an additional 170 shares in the last quarter. Institutional investors and hedge funds own 37.35% of the company's stock.
Tecnoglass Stock Up 3.7 %
TGLS stock traded up $2.63 during midday trading on Friday, reaching $74.42. 254,299 shares of the company's stock traded hands, compared to its average volume of 363,039. 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 $3.50 billion, a price-to-earnings ratio of 23.26 and a beta of 1.66. The firm's fifty day moving average price is $69.77 and its 200-day moving average price is $74.59. The company has a quick ratio of 1.63, a current ratio of 2.21 and a debt-to-equity ratio of 0.20.
Tecnoglass Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were issued a dividend of $0.15 per share. The ex-dividend date was Monday, March 31st. This represents a $0.60 annualized dividend and a yield of 0.81%. Tecnoglass's dividend payout ratio (DPR) 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.
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