LPL Financial LLC Sells 6,477 Shares of Tecnoglass Inc. (NASDAQ:TGLS)

LPL Financial LLC cut its stake in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 10.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 53,823 shares of the company's stock after selling 6,477 shares during the quarter. LPL Financial LLC owned approximately 0.11% of Tecnoglass worth $4,269,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Signaturefd LLC increased its holdings in shares of Tecnoglass by 32.6% in the fourth quarter. Signaturefd LLC now owns 898 shares of the company's stock valued at $71,000 after purchasing an additional 221 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its position in shares of Tecnoglass by 3.0% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 9,882 shares of the company's stock valued at $784,000 after buying an additional 286 shares in the last quarter. USA Financial Formulas bought a new position in shares of Tecnoglass during the 4th quarter valued at about $26,000. R Squared Ltd bought a new position in Tecnoglass in the fourth quarter valued at approximately $70,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in Tecnoglass by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 184,313 shares of the company's stock worth $14,620,000 after purchasing an additional 913 shares during the period. 37.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Tecnoglass in a research note on Saturday, December 14th. They issued a "hold" rating on the stock. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $77.40.

Remove Ads

Tecnoglass Stock Performance

NASDAQ:TGLS traded up $2.05 on Friday, hitting $71.06. The company's stock had a trading volume of 329,388 shares, compared to its average volume of 367,205. The company has a current ratio of 2.21, a quick ratio of 1.63 and a debt-to-equity ratio of 0.20. The stock has a fifty day moving average of $70.93 and a two-hundred day moving average of $74.72. Tecnoglass Inc. has a one year low of $40.94 and a one year high of $86.99. The firm has a market capitalization of $3.34 billion, a P/E ratio of 22.21 and a beta of 1.66.

Tecnoglass Dividend Announcement

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 $0.15 dividend. 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 0.84%. Tecnoglass's payout ratio 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.