Tudor Investment Corp ET AL Makes New $1 Million Investment in Tecnoglass Inc. (NASDAQ:TGLS)

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

Several other institutional investors have also recently made changes to their positions in TGLS. Barclays PLC boosted its holdings in Tecnoglass by 32.2% in the third 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. Tidal Investments LLC bought a new position in Tecnoglass in the third quarter worth approximately $585,000. JPMorgan Chase & Co. grew its holdings in Tecnoglass by 6.3% during the third quarter. JPMorgan Chase & Co. now owns 19,237 shares of the company's stock valued at $1,321,000 after purchasing an additional 1,146 shares during the period. International Assets Investment Management LLC bought a new position in shares of Tecnoglass in the fourth quarter worth approximately $243,000. Finally, USA Financial Formulas purchased a new position in shares of Tecnoglass in the fourth quarter valued at about $26,000. Institutional investors own 37.35% of the company's stock.

Tecnoglass Price Performance

Shares of NASDAQ:TGLS traded up $2.41 during midday trading on Monday, reaching $84.94. 98,138 shares of the company were exchanged, compared to its average volume of 360,893. Tecnoglass Inc. has a one year low of $40.94 and a one year high of $87.73. The company has a current ratio of 2.21, a quick ratio of 1.63 and a debt-to-equity ratio of 0.20. The business's fifty day moving average is $70.15 and its two-hundred day moving average is $74.70. The stock has a market cap of $3.99 billion, a PE ratio of 26.55 and a beta of 1.85.

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

Tecnoglass Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were given a dividend of $0.15 per share. The ex-dividend date was Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a yield of 0.71%. Tecnoglass's dividend payout ratio is currently 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.