LPL Financial LLC lowered its position in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 10.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,823 shares of the company's stock after selling 6,477 shares during the quarter. LPL Financial LLC owned 0.11% of Tecnoglass worth $4,269,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. USA Financial Formulas purchased a new stake in shares of Tecnoglass during the 4th quarter valued at $26,000. R Squared Ltd purchased a new stake in Tecnoglass during the fourth quarter worth about $70,000. Signaturefd LLC raised its position in Tecnoglass by 32.6% in the fourth quarter. Signaturefd LLC now owns 898 shares of the company's stock worth $71,000 after acquiring an additional 221 shares during the period. SBI Securities Co. Ltd. purchased a new position in Tecnoglass in the fourth quarter valued at about $108,000. Finally, Ifrah Financial Services Inc. purchased a new position in Tecnoglass in the fourth quarter valued at about $214,000. Hedge funds and other institutional investors own 37.35% of the company's stock.
Tecnoglass Stock Performance
Shares of TGLS stock traded down $1.52 during trading hours on Tuesday, hitting $70.23. 13,428 shares of the company were exchanged, compared to its average volume of 365,809. The company has a current ratio of 2.21, a quick ratio of 1.63 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of 21.95 and a beta of 1.66. The firm has a fifty day simple moving average of $70.83 and a 200 day simple moving average of $74.79. Tecnoglass Inc. has a 52-week low of $40.94 and a 52-week high of $86.99.
Tecnoglass Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders 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 0.85%. Tecnoglass's payout ratio is presently 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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