Neumeier Poma Investment Counsel LLC cut its position in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 30.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 298,550 shares of the company's stock after selling 128,300 shares during the quarter. Tecnoglass comprises 2.3% of Neumeier Poma Investment Counsel LLC's investment portfolio, making the stock its 20th biggest holding. Neumeier Poma Investment Counsel LLC owned approximately 0.64% of Tecnoglass worth $23,681,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. USA Financial Formulas purchased a new stake in shares of Tecnoglass during the fourth quarter valued at $26,000. R Squared Ltd purchased a new position in shares of Tecnoglass during the fourth quarter valued at approximately $70,000. Signaturefd LLC lifted its position in Tecnoglass by 32.6% during the fourth quarter. Signaturefd LLC now owns 898 shares of the company's stock valued at $71,000 after purchasing an additional 221 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Tecnoglass in the fourth quarter worth approximately $108,000. Finally, EntryPoint Capital LLC purchased a new stake in Tecnoglass during the 4th quarter valued at $203,000. 37.35% of the stock is owned by hedge funds and other institutional investors.
Tecnoglass Stock Performance
Shares of NASDAQ:TGLS opened at $71.64 on Tuesday. The firm's 50 day simple moving average is $73.59 and its 200-day simple moving average is $74.76. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.63 and a current ratio of 2.21. Tecnoglass Inc. has a one year low of $40.94 and a one year high of $86.99. The firm has a market cap of $3.37 billion, a PE ratio of 22.39 and a beta of 1.94.
Tecnoglass Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given 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 yield of 0.84%. Tecnoglass's dividend payout ratio is currently 17.49%.
Analyst Ratings Changes
Separately, StockNews.com started coverage on Tecnoglass in a research report on Saturday, December 14th. They issued a "hold" rating on the stock. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $77.40.
Check Out Our Latest Stock Report on TGLS
Tecnoglass Company Profile
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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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