Marshall Wace LLP bought a new stake in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 247,581 shares of the company's stock, valued at approximately $19,638,000. Marshall Wace LLP owned about 0.53% of Tecnoglass at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. USA Financial Formulas acquired a new stake in shares of Tecnoglass in the 4th quarter valued at $26,000. R Squared Ltd bought a new stake in shares of Tecnoglass during the 4th quarter valued at $70,000. Signaturefd LLC grew its position 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 buying an additional 221 shares during the period. Covestor Ltd increased its stake in Tecnoglass by 6,293.8% in the fourth quarter. Covestor Ltd now owns 1,023 shares of the company's stock valued at $81,000 after purchasing an additional 1,007 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its stake in Tecnoglass by 18.7% in the fourth quarter. Quadrant Capital Group LLC now owns 1,079 shares of the company's stock valued at $86,000 after acquiring an additional 170 shares during the period. 37.35% of the stock is owned by institutional investors and hedge funds.
Tecnoglass Stock Down 0.3 %
NASDAQ TGLS traded down $0.25 during trading on Friday, hitting $71.85. The stock had a trading volume of 37,074 shares, compared to its average volume of 363,275. The company's 50-day moving average price is $69.61 and its two-hundred day moving average price is $74.68. Tecnoglass Inc. has a 12 month low of $40.94 and a 12 month high of $86.99. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.63 and a current ratio of 2.21. The company has a market capitalization of $3.38 billion, a PE ratio of 22.48 and a beta of 1.66.
Tecnoglass Announces Dividend
The company also recently disclosed 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 yield of 0.84%. Tecnoglass's dividend payout ratio (DPR) is 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.
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