Sei Investments Co. Decreases Holdings in Tecnoglass Inc. (NASDAQ:TGLS)

Sei Investments Co. decreased its position in Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 24.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,429 shares of the company's stock after selling 18,950 shares during the quarter. Sei Investments Co. owned approximately 0.12% of Tecnoglass worth $4,556,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TGLS. Wellington Management Group LLP grew its position in shares of Tecnoglass by 29.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,966,119 shares of the company's stock valued at $134,994,000 after acquiring an additional 447,647 shares during the period. Polaris Capital Management LLC grew its holdings in Tecnoglass by 2.5% during the fourth quarter. Polaris Capital Management LLC now owns 860,964 shares of the company's stock valued at $68,292,000 after purchasing an additional 20,800 shares during the period. Geode Capital Management LLC increased its position in Tecnoglass by 4.8% in the third quarter. Geode Capital Management LLC now owns 500,265 shares of the company's stock worth $34,355,000 after buying an additional 22,700 shares during the last quarter. State Street Corp raised its stake in shares of Tecnoglass by 29.1% in the third quarter. State Street Corp now owns 416,964 shares of the company's stock valued at $28,674,000 after buying an additional 93,968 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Tecnoglass by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 184,313 shares of the company's stock valued at $14,620,000 after buying an additional 913 shares during the last quarter. Hedge funds and other institutional investors own 37.35% of the company's stock.

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Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Tecnoglass in a report on Saturday, December 14th. They set 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 stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $77.40.

Tecnoglass Price Performance

Shares of NASDAQ TGLS traded down $0.32 during midday trading on Monday, hitting $64.44. 443,546 shares of the company's stock were exchanged, compared to its average volume of 369,053. 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 business's fifty day moving average price is $72.04 and its two-hundred day moving average price is $74.81. The company has a market cap of $3.03 billion, a price-to-earnings ratio of 20.14 and a beta of 1.66. Tecnoglass Inc. has a 12-month low of $40.94 and a 12-month high of $86.99.

Tecnoglass Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders 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 0.93%. Tecnoglass's dividend payout ratio 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.