4,057 Shares in Tecnoglass Inc. (NASDAQ:TGLS) Purchased by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP acquired a new position in Tecnoglass Inc. (NASDAQ:TGLS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,057 shares of the company's stock, valued at approximately $322,000.

A number of other hedge funds have also made changes to their positions in TGLS. USA Financial Formulas acquired a new position in shares of Tecnoglass during the fourth quarter worth $26,000. R Squared Ltd acquired a new position in Tecnoglass in the 4th quarter worth $70,000. Signaturefd LLC boosted its position in Tecnoglass by 32.6% in the 4th quarter. Signaturefd LLC now owns 898 shares of the company's stock valued at $71,000 after buying an additional 221 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Tecnoglass during the fourth quarter worth about $108,000. Finally, EntryPoint Capital LLC acquired a new position in shares of Tecnoglass in the fourth quarter worth about $203,000. Hedge funds and other institutional investors own 37.35% of the company's stock.

Tecnoglass Stock Down 4.6 %

NASDAQ TGLS traded down $3.30 during mid-day trading on Tuesday, reaching $68.45. 389,962 shares of the company's stock traded hands, compared to its average volume of 366,015. 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 Inc. has a 1-year low of $40.94 and a 1-year high of $86.99. The company has a fifty day simple moving average of $70.63 and a 200-day simple moving average of $74.74. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 21.39 and a beta of 1.66.

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Tecnoglass Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a $0.15 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.88%. Tecnoglass's dividend payout ratio (DPR) is presently 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.