Wells Fargo & Company MN boosted its stake in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 57.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,876 shares of the company's stock after buying an additional 5,079 shares during the quarter. Wells Fargo & Company MN's holdings in Tecnoglass were worth $1,101,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the stock. Signaturefd LLC increased its holdings in Tecnoglass by 32.6% during the 4th quarter. Signaturefd LLC now owns 898 shares of the company's stock worth $71,000 after purchasing an additional 221 shares during the period. Nations Financial Group Inc. IA ADV lifted its position in shares of Tecnoglass by 3.0% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 9,882 shares of the company's stock worth $784,000 after purchasing an additional 286 shares during the period. USA Financial Formulas bought a new stake in Tecnoglass during the fourth quarter valued at about $26,000. R Squared Ltd purchased a new position in shares of Tecnoglass in the 4th quarter valued at approximately $70,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Tecnoglass by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 184,313 shares of the company's stock valued at $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
Shares of TGLS stock traded down $0.85 during trading hours on Monday, hitting $73.54. The company's stock had a trading volume of 23,331 shares, compared to its average volume of 348,127. The stock has a market cap of $3.46 billion, a PE ratio of 22.98 and a beta of 1.85. The company has a 50 day moving average of $69.77 and a 200 day moving average of $74.58. Tecnoglass Inc. has a 12-month low of $40.94 and a 12-month 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 company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.82%. The ex-dividend date was Monday, March 31st. Tecnoglass's dividend payout ratio (DPR) is 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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