Alliancebernstein L.P. Sells 182,155 Shares of Tecnoglass Inc. (NASDAQ:TGLS)

Alliancebernstein L.P. lowered its stake in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 45.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 222,968 shares of the company's stock after selling 182,155 shares during the period. Alliancebernstein L.P. owned approximately 0.47% of Tecnoglass worth $17,686,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in TGLS. Signaturefd LLC boosted its stake in shares of Tecnoglass by 32.6% in the 4th quarter. Signaturefd LLC now owns 898 shares of the company's stock worth $71,000 after buying an additional 221 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its stake in shares of Tecnoglass by 3.0% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 9,882 shares of the company's stock valued at $784,000 after purchasing an additional 286 shares during the period. USA Financial Formulas purchased a new stake in shares of Tecnoglass during the 4th quarter valued at about $26,000. R Squared Ltd bought a new position in shares of Tecnoglass in the 4th quarter worth approximately $70,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Tecnoglass by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 184,313 shares of the company's stock worth $14,620,000 after buying an additional 913 shares during the last quarter. 37.35% of the stock is currently owned by institutional investors.

Tecnoglass Stock Performance

TGLS stock traded up $0.87 during midday trading on Monday, reaching $72.18. 23,811 shares of the company's stock traded hands, compared to its average volume of 366,072. The stock's 50-day moving average is $70.93 and its 200 day moving average is $74.77. The stock has a market cap of $3.39 billion, a P/E ratio of 22.56 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 current ratio of 2.21, a quick ratio of 1.63 and a debt-to-equity ratio of 0.20.

Tecnoglass Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.83%. Tecnoglass's dividend payout ratio (DPR) is presently 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.