Raymond James Financial Inc. acquired a new position in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 54,761 shares of the company's stock, valued at approximately $4,344,000. Raymond James Financial Inc. owned approximately 0.12% of Tecnoglass at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of TGLS. Barclays PLC lifted its position in 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 acquiring an additional 8,613 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Tecnoglass during the third quarter worth about $422,000. Tidal Investments LLC purchased a new stake in shares of Tecnoglass in the 3rd quarter valued at about $585,000. DGS Capital Management LLC acquired a new stake in shares of Tecnoglass in the 3rd quarter valued at about $204,000. Finally, Principal Financial Group Inc. purchased a new position in Tecnoglass during the 3rd quarter worth approximately $2,211,000. Hedge funds and other institutional investors own 37.35% of the company's stock.
Tecnoglass Stock Performance
NASDAQ TGLS traded up $0.10 on Wednesday, reaching $71.10. The stock had a trading volume of 270,739 shares, compared to its average volume of 363,892. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.63 and a current ratio of 2.21. The stock has a market cap of $3.34 billion, a P/E ratio of 22.22 and a beta of 1.66. The business's 50-day moving average price is $69.55 and its 200 day moving average price is $74.67. Tecnoglass Inc. has a 12-month low of $40.94 and a 12-month high of $86.99.
Tecnoglass Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Monday, March 31st. Tecnoglass's dividend payout ratio is currently 17.49%.
About Tecnoglass
(
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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