Invesco Ltd. Has $11.67 Million Stock Holdings in Tecnoglass Inc. (NASDAQ:TGLS)

Invesco Ltd. raised its position in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 486.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 147,070 shares of the company's stock after buying an additional 122,006 shares during the period. Invesco Ltd. owned about 0.31% of Tecnoglass worth $11,666,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Quadrant Capital Group LLC increased its holdings in shares of Tecnoglass by 18.7% during the fourth quarter. Quadrant Capital Group LLC now owns 1,079 shares of the company's stock worth $86,000 after buying an additional 170 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Tecnoglass by 32.6% during the fourth quarter. Signaturefd LLC now owns 898 shares of the company's stock worth $71,000 after buying an additional 221 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its holdings in shares of Tecnoglass by 3.0% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 9,882 shares of the company's stock worth $784,000 after buying an additional 286 shares in the last quarter. USA Financial Formulas acquired a new stake in shares of Tecnoglass in the fourth quarter valued at approximately $26,000. Finally, R Squared Ltd bought a new position in Tecnoglass in the 4th quarter worth approximately $70,000. Institutional investors and hedge funds own 37.35% of the company's stock.

Tecnoglass Trading Down 0.6 %

TGLS traded down $0.45 during mid-day trading on Monday, reaching $71.87. The stock had a trading volume of 221,555 shares, compared to its average volume of 364,410. The stock has a market capitalization of $3.38 billion, a P/E ratio of 22.46 and a beta of 1.66. Tecnoglass Inc. has a 52 week low of $40.94 and a 52 week high of $86.99. 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 firm's fifty day simple moving average is $69.55 and its two-hundred day simple moving average is $74.70.

Tecnoglass Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend is Monday, March 31st. Tecnoglass's dividend payout ratio (DPR) is presently 17.49%.

About Tecnoglass

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.