Vanguard Group Inc. boosted its position in Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 6.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 517,435 shares of the company's stock after purchasing an additional 31,493 shares during the period. Vanguard Group Inc. owned about 1.10% of Tecnoglass worth $41,043,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. acquired a new stake in shares of Tecnoglass in the third quarter valued at approximately $2,211,000. Tidal Investments LLC acquired a new stake in Tecnoglass during the 3rd quarter valued at $585,000. Barclays PLC boosted its position in Tecnoglass by 32.2% during the third quarter. Barclays PLC now owns 35,376 shares of the company's stock worth $2,429,000 after purchasing an additional 8,613 shares during the period. Geode Capital Management LLC increased its holdings in shares of Tecnoglass by 4.8% in the third quarter. Geode Capital Management LLC now owns 500,265 shares of the company's stock valued at $34,355,000 after purchasing an additional 22,700 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Tecnoglass by 6.3% in 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. Institutional investors own 37.35% of the company's stock.
Tecnoglass Stock Performance
Shares of TGLS stock traded up $0.42 during midday trading on Thursday, hitting $68.23. 41,223 shares of the company were exchanged, compared to its average volume of 363,553. The firm has a market capitalization of $3.21 billion, a P/E ratio of 21.31 and a beta of 1.66. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.63 and a current ratio of 2.21. Tecnoglass Inc. has a 52 week low of $40.94 and a 52 week high of $86.99. The firm's 50 day moving average price is $70.43 and its two-hundred day moving average price is $74.69.
Tecnoglass Dividend Announcement
The company also recently announced 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. The ex-dividend date is Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.88%. Tecnoglass's dividend payout ratio (DPR) is currently 17.49%.
Tecnoglass Company Profile
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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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