Tudor Investment Corp ET AL Purchases New Position in Tecnoglass Inc. (NASDAQ:TGLS)

Tudor Investment Corp ET AL purchased a new stake in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,642 shares of the company's stock, valued at approximately $1,003,000.

Several other large investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its position in Tecnoglass by 20.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,832 shares of the company's stock valued at $701,000 after purchasing an additional 1,474 shares during the last quarter. Dark Forest Capital Management LP bought a new stake in Tecnoglass during the fourth quarter valued at about $807,000. Hsbc Holdings PLC acquired a new position in shares of Tecnoglass during the 4th quarter worth about $272,000. Stifel Financial Corp lifted its holdings in shares of Tecnoglass by 1.0% during the fourth quarter. Stifel Financial Corp now owns 48,672 shares of the company's stock worth $3,861,000 after buying an additional 504 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in Tecnoglass by 5.6% in the 4th quarter. MetLife Investment Management LLC now owns 13,833 shares of the company's stock valued at $1,097,000 after purchasing an additional 732 shares during the period. 37.35% of the stock is owned by institutional investors and hedge funds.

Tecnoglass Stock Performance

Shares of NASDAQ TGLS traded down $0.36 during mid-day trading on Friday, hitting $81.64. The company had a trading volume of 513,305 shares, compared to its average volume of 361,801. Tecnoglass Inc. has a 12 month low of $40.94 and a 12 month high of $86.99. The firm has a market cap of $3.84 billion, a P/E ratio of 25.51 and a beta of 1.85. The business's 50-day simple moving average is $70.15 and its 200-day simple moving average is $74.63. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.21 and a quick ratio of 1.63.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.10. Tecnoglass had a return on equity of 27.71% and a net margin of 17.82%. Tecnoglass's revenue was up 15.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.66 EPS. As a group, analysts predict that Tecnoglass Inc. will post 3.53 earnings per share for the current fiscal year.

Tecnoglass Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were paid a $0.15 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a yield of 0.73%. Tecnoglass's payout ratio is currently 17.49%.

Tecnoglass 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.