PDT Partners LLC acquired a new position in Tecnoglass Inc. (NASDAQ:TGLS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,000 shares of the company's stock, valued at approximately $397,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. bought a new stake in shares of Tecnoglass in the 3rd quarter valued at $2,211,000. Tidal Investments LLC purchased a new position in Tecnoglass during the 3rd quarter worth $585,000. Barclays PLC grew its stake in shares of Tecnoglass by 32.2% in the 3rd quarter. Barclays PLC now owns 35,376 shares of the company's stock worth $2,429,000 after acquiring an additional 8,613 shares in the last quarter. Jump Financial LLC bought a new position in shares of Tecnoglass during the fourth quarter valued at about $975,000. Finally, JPMorgan Chase & Co. boosted its holdings in Tecnoglass by 6.3% during the third quarter. JPMorgan Chase & Co. now owns 19,237 shares of the company's stock worth $1,321,000 after purchasing 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 Tecnoglass stock traded down $0.44 during mid-day trading on Wednesday, hitting $71.01. 92,967 shares of the stock were exchanged, compared to its average volume of 362,433. Tecnoglass Inc. has a 12 month low of $40.94 and a 12 month high of $86.99. The company has a 50-day simple moving average of $69.75 and a 200 day simple moving average of $74.53. The company has a market capitalization of $3.34 billion, a P/E ratio of 22.19 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 Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.84%. The ex-dividend date was Monday, March 31st. Tecnoglass's dividend payout ratio is 17.49%.
Tecnoglass 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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