Wells Fargo & Company MN Increases Stake in Tecnoglass Inc. (NASDAQ:TGLS)

Wells Fargo & Company MN lifted its holdings in Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 57.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 13,876 shares of the company's stock after purchasing 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.

Other large investors have also recently bought and sold shares of the company. USA Financial Formulas acquired a new stake in Tecnoglass in the fourth quarter valued at $26,000. R Squared Ltd bought a new position in Tecnoglass in the 4th quarter worth about $70,000. Signaturefd LLC grew its position in Tecnoglass by 32.6% during the fourth quarter. Signaturefd LLC now owns 898 shares of the company's stock worth $71,000 after buying an additional 221 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Tecnoglass during the fourth quarter valued at about $108,000. Finally, EntryPoint Capital LLC purchased a new stake in Tecnoglass during the fourth quarter valued at about $203,000. Institutional investors and hedge funds own 37.35% of the company's stock.

Tecnoglass Trading Up 3.7 %

TGLS traded up $2.63 during midday trading on Friday, reaching $74.42. 254,299 shares of the company's stock traded hands, compared to its average volume of 363,039. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 23.26 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 firm has a fifty day moving average of $69.77 and a two-hundred day moving average of $74.61. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend was Monday, March 31st. Tecnoglass's dividend payout ratio (DPR) is 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.