one8zero8 LLC Takes $8.02 Million Position in Tecnoglass Inc. (NASDAQ:TGLS)

one8zero8 LLC acquired a new position in Tecnoglass Inc. (NASDAQ:TGLS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 101,124 shares of the company's stock, valued at approximately $8,021,000. Tecnoglass accounts for about 1.7% of one8zero8 LLC's portfolio, making the stock its 12th largest holding. one8zero8 LLC owned about 0.22% of Tecnoglass at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of TGLS. Wellington Management Group LLP raised its position in Tecnoglass by 29.5% during the third quarter. Wellington Management Group LLP now owns 1,966,119 shares of the company's stock worth $134,994,000 after acquiring an additional 447,647 shares during the period. State Street Corp increased its stake in shares of Tecnoglass by 29.1% during the third quarter. State Street Corp now owns 416,964 shares of the company's stock worth $28,674,000 after purchasing an additional 93,968 shares in the last quarter. Impax Asset Management Group plc raised its position in shares of Tecnoglass by 65.0% during the 3rd quarter. Impax Asset Management Group plc now owns 165,000 shares of the company's stock worth $11,329,000 after purchasing an additional 65,000 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Tecnoglass in the 4th quarter valued at about $4,344,000. Finally, Verition Fund Management LLC boosted its holdings in Tecnoglass by 262.5% in the 3rd quarter. Verition Fund Management LLC now owns 48,894 shares of the company's stock worth $3,357,000 after buying an additional 35,406 shares during the last quarter. 37.35% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

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

Tecnoglass Price Performance

NASDAQ TGLS traded up $0.66 during trading hours on Thursday, hitting $72.85. 516,800 shares of the company's stock traded hands, compared to its average volume of 357,372. The company has a market capitalization of $3.42 billion, a PE ratio of 22.76 and a beta of 1.94. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.21 and a quick ratio of 1.63. Tecnoglass Inc. has a 52-week low of $40.94 and a 52-week high of $86.99. The firm's 50-day moving average is $74.63 and its 200-day moving average is $74.00.

Tecnoglass Announces Dividend

The business 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 is Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.82%. Tecnoglass's dividend payout ratio (DPR) is presently 17.49%.

About Tecnoglass

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.