Dark Forest Capital Management LP purchased a new stake in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 10,176 shares of the company's stock, valued at approximately $807,000.
Several other institutional investors and hedge funds have also bought and sold shares of TGLS. USA Financial Formulas purchased a new position in Tecnoglass during the 4th quarter valued at about $26,000. R Squared Ltd purchased a new position in shares of Tecnoglass during the fourth quarter valued at approximately $70,000. Signaturefd LLC lifted its holdings in shares of Tecnoglass by 32.6% during the fourth quarter. Signaturefd LLC now owns 898 shares of the company's stock valued at $71,000 after purchasing an additional 221 shares during the last quarter. Covestor Ltd boosted its position in shares of Tecnoglass by 6,293.8% in the 4th quarter. Covestor Ltd now owns 1,023 shares of the company's stock worth $81,000 after purchasing an additional 1,007 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its stake in shares of Tecnoglass by 18.7% in the 4th quarter. Quadrant Capital Group LLC now owns 1,079 shares of the company's stock worth $86,000 after buying an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 37.35% of the company's stock.
Tecnoglass Stock Performance
Shares of Tecnoglass stock traded down $0.45 during trading on Monday, hitting $71.87. 221,555 shares of the company's stock traded hands, compared to its average volume of 364,410. Tecnoglass Inc. has a 1 year low of $40.94 and a 1 year high of $86.99. The business has a 50-day simple moving average of $69.55 and a 200-day simple moving average of $74.70. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.21 and a quick ratio of 1.63. The stock has a market capitalization of $3.38 billion, a P/E ratio of 22.46 and a beta of 1.66.
Tecnoglass Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Monday, March 31st. Tecnoglass's payout ratio is currently 17.49%.
About Tecnoglass
(
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.
Featured Articles
Before you consider Tecnoglass, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tecnoglass wasn't on the list.
While Tecnoglass currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
