Jump Financial LLC Purchases New Shares in Tecnoglass Inc. (NASDAQ:TGLS)

Jump Financial LLC purchased a new position in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 12,291 shares of the company's stock, valued at approximately $975,000.

Several other hedge funds have also recently modified their holdings of the stock. Principal Financial Group Inc. purchased a new position in shares of Tecnoglass in the third quarter worth $2,211,000. Tidal Investments LLC acquired a new stake in Tecnoglass during the 3rd quarter worth about $585,000. Barclays PLC increased its holdings in shares of Tecnoglass by 32.2% in the third quarter. Barclays PLC now owns 35,376 shares of the company's stock valued at $2,429,000 after purchasing an additional 8,613 shares during the period. Geode Capital Management LLC boosted its position in Tecnoglass by 4.8% in the third quarter. Geode Capital Management LLC now owns 500,265 shares of the company's stock valued at $34,355,000 after buying an additional 22,700 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Tecnoglass by 6.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 19,237 shares of the company's stock worth $1,321,000 after buying an additional 1,146 shares during the last quarter. Institutional investors and hedge funds own 37.35% of the company's stock.

Tecnoglass Stock Performance

Shares of TGLS stock traded up $0.15 during trading hours 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. The stock has a market cap of $3.40 billion, a PE ratio of 22.58 and a beta of 1.66. Tecnoglass Inc. has a 12-month low of $40.94 and a 12-month high of $86.99. The company has a 50 day moving average of $69.56 and a 200 day moving average of $74.72. The company has a current ratio of 2.21, a quick ratio of 1.63 and a debt-to-equity ratio of 0.20.

Tecnoglass Announces Dividend

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 of this dividend is Monday, March 31st. Tecnoglass's payout ratio is 17.49%.

Tecnoglass Company 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.