Tecnoglass Inc. (NASDAQ:TGLS) Position Boosted by Fmr LLC

FMR LLC increased its position in Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 49.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,412,322 shares of the company's stock after buying an additional 1,785,602 shares during the period. FMR LLC owned about 11.52% of Tecnoglass worth $429,305,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Polaris Capital Management LLC grew 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 valued at $68,292,000 after purchasing an additional 20,800 shares during the period. Vanguard Group Inc. boosted its position in shares of Tecnoglass by 6.5% in the fourth 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 stake in Tecnoglass by 4.8% during the third quarter. Geode Capital Management LLC now owns 500,265 shares of the company's stock worth $34,355,000 after purchasing an additional 22,700 shares during the period. State Street Corp increased its holdings in shares of Tecnoglass by 29.1% during the 3rd quarter. State Street Corp now owns 416,964 shares of the company's stock worth $28,674,000 after buying an additional 93,968 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Tecnoglass by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 184,313 shares of the company's stock worth $14,620,000 after buying an additional 913 shares during the period. Hedge funds and other institutional investors own 37.35% of the company's stock.

Tecnoglass Trading Down 4.6 %

TGLS traded down $3.32 on Tuesday, reaching $68.43. 79,454 shares of the company's stock were exchanged, compared to its average volume of 366,123. The company's 50 day moving average is $70.83 and its 200-day moving average is $74.79. 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 Inc. has a twelve month low of $40.94 and a twelve month high of $86.99. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 21.46 and a beta of 1.66.

Tecnoglass Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a $0.15 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.60 annualized dividend and a dividend yield of 0.88%. Tecnoglass's dividend payout ratio (DPR) is presently 17.49%.

Tecnoglass Profile

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.