Portolan Capital Management LLC Has $9.05 Million Stock Holdings in Tecnoglass Inc. (NASDAQ:TGLS)

Portolan Capital Management LLC lessened its holdings in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 60.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 114,033 shares of the company's stock after selling 176,847 shares during the period. Portolan Capital Management LLC owned approximately 0.24% of Tecnoglass worth $9,045,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Mariner LLC acquired a new stake in Tecnoglass in the 4th quarter worth $254,000. Barclays PLC raised its holdings in Tecnoglass by 12.1% in the 4th quarter. Barclays PLC now owns 39,647 shares of the company's stock valued at $3,145,000 after acquiring an additional 4,271 shares in the last quarter. Summit Investment Advisors Inc. lifted its position in shares of Tecnoglass by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,350 shares of the company's stock worth $186,000 after acquiring an additional 149 shares during the period. Covestor Ltd increased its position in shares of Tecnoglass by 6,293.8% during 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 during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Tecnoglass in the fourth quarter valued at $4,344,000. Institutional investors own 37.35% of the company's stock.

Tecnoglass Price Performance

NASDAQ TGLS traded up $0.05 on Friday, reaching $67.86. The company's stock had a trading volume of 258,178 shares, compared to its average volume of 365,015. Tecnoglass Inc. has a 52 week low of $40.94 and a 52 week high of $86.99. 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 firm has a market cap of $3.19 billion, a PE ratio of 21.21 and a beta of 1.66. The business has a 50-day moving average price of $70.23 and a 200 day moving average price of $74.69.

Tecnoglass Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.88%. The ex-dividend date is Monday, March 31st. Tecnoglass's dividend payout ratio is currently 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.