K2 Principal Fund L.P. Takes $1.43 Million Position in Tecnoglass Inc. (NASDAQ:TGLS)

K2 Principal Fund L.P. bought a new position in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,038 shares of the company's stock, valued at approximately $1,431,000.

Other institutional investors also recently bought and sold shares of the company. FMR LLC boosted its holdings in shares of Tecnoglass by 49.2% during the 4th quarter. FMR LLC now owns 5,412,322 shares of the company's stock valued at $429,305,000 after purchasing an additional 1,785,602 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Tecnoglass by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 993,514 shares of the company's stock valued at $78,811,000 after buying an additional 14,369 shares during the last quarter. Polaris Capital Management LLC boosted its stake in Tecnoglass by 2.5% during the fourth quarter. Polaris Capital Management LLC now owns 860,964 shares of the company's stock valued at $68,292,000 after buying an additional 20,800 shares during 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. Finally, Capital World Investors purchased a new stake in shares of Tecnoglass during the 4th quarter worth approximately $23,530,000. 37.35% of the stock is owned by hedge funds and other institutional investors.

Tecnoglass Trading Down 0.4 %

TGLS stock opened at $81.64 on Friday. The firm has a fifty day moving average price of $70.15 and a 200 day moving average price of $74.67. Tecnoglass Inc. has a fifty-two week low of $40.94 and a fifty-two week high of $86.99. The firm has a market cap of $3.84 billion, a PE ratio of 25.51 and a beta of 1.85. 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 (NASDAQ:TGLS - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.10. Tecnoglass had a net margin of 17.82% and a return on equity of 27.71%. During the same period in the previous year, the company posted $0.66 earnings per share. The firm's quarterly revenue was up 15.4% on a year-over-year basis. Sell-side analysts anticipate that Tecnoglass Inc. will post 3.53 earnings per share for the current fiscal year.

Tecnoglass Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend was 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.

Want to see what other hedge funds are holding TGLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tecnoglass Inc. (NASDAQ:TGLS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.