Capital World Investors Acquires New Stake in Tecnoglass Inc. (NASDAQ:TGLS)

Capital World Investors acquired a new position in Tecnoglass Inc. (NASDAQ:TGLS - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 296,646 shares of the company's stock, valued at approximately $23,530,000. Capital World Investors owned approximately 0.63% of Tecnoglass as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Summit Investment Advisors Inc. raised its stake in Tecnoglass by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,350 shares of the company's stock valued at $186,000 after purchasing an additional 149 shares in the last quarter. Quadrant Capital Group LLC raised its position 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 valued at $86,000 after buying an additional 170 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Tecnoglass by 32.6% during the 4th quarter. Signaturefd LLC now owns 898 shares of the company's stock worth $71,000 after acquiring an additional 221 shares during the period. Nations Financial Group Inc. IA ADV boosted its position in shares of Tecnoglass by 3.0% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 9,882 shares of the company's stock worth $784,000 after acquiring an additional 286 shares in the last quarter. Finally, USA Financial Formulas bought a new position in Tecnoglass in the fourth quarter valued at approximately $26,000. Institutional investors own 37.35% of the company's stock.

Tecnoglass Price Performance

NASDAQ TGLS traded up $0.15 on Friday, hitting $72.25. 190,827 shares of the company's stock were exchanged, compared to its average volume of 364,221. The stock has a 50-day moving average of $69.56 and a 200-day moving average of $74.68. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 22.58 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 company has a current ratio of 2.21, a quick ratio of 1.63 and a debt-to-equity ratio of 0.20.

Tecnoglass Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Monday, March 31st. Tecnoglass's payout ratio is 17.49%.

Tecnoglass Company 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.