Envestnet Asset Management Inc. Lowers Stake in Tecnoglass Inc. (NASDAQ:TGLS)

Envestnet Asset Management Inc. lessened its position in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 28.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,161 shares of the company's stock after selling 9,794 shares during the period. Envestnet Asset Management Inc. owned approximately 0.05% of Tecnoglass worth $1,996,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of TGLS. one8zero8 LLC acquired a new position in Tecnoglass during the 4th quarter worth approximately $8,021,000. Raymond James Financial Inc. purchased a new stake in shares of Tecnoglass during the fourth quarter valued at approximately $4,344,000. Principal Financial Group Inc. purchased a new stake in shares of Tecnoglass during the third quarter valued at approximately $2,211,000. K.J. Harrison & Partners Inc purchased a new stake in shares of Tecnoglass during the fourth quarter valued at approximately $2,489,000. Finally, Vanguard Group Inc. raised its stake in shares of Tecnoglass by 6.5% during the fourth quarter. Vanguard Group Inc. now owns 517,435 shares of the company's stock valued at $41,043,000 after purchasing an additional 31,493 shares during the period. Hedge funds and other institutional investors own 37.35% of the company's stock.

Tecnoglass Trading Up 0.2 %

TGLS opened at $72.25 on Monday. The firm has a market capitalization of $3.40 billion, a P/E ratio of 22.58 and a beta of 1.66. The firm's 50 day moving average is $69.56 and its 200-day moving average is $74.72. Tecnoglass Inc. has a 52-week low of $40.94 and a 52-week high of $86.99. The company has a quick ratio of 1.63, a current ratio of 2.21 and a debt-to-equity ratio of 0.20.

Tecnoglass Announces Dividend

The company also recently disclosed 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 of this dividend is Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.83%. Tecnoglass's dividend payout ratio is currently 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.

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