Semanteon Capital Management LP Trims Holdings in Tecnoglass Inc. (NASDAQ:TGLS)

Semanteon Capital Management LP lowered its stake in Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 41.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 10,530 shares of the company's stock after selling 7,486 shares during the quarter. Semanteon Capital Management LP's holdings in Tecnoglass were worth $835,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC grew its position in shares of Tecnoglass by 32.6% in 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. one8zero8 LLC purchased a new stake in Tecnoglass during the 4th quarter worth approximately $8,021,000. Thompson Siegel & Walmsley LLC acquired a new position in shares of Tecnoglass during the fourth quarter valued at approximately $976,000. Lisanti Capital Growth LLC lifted its position in shares of Tecnoglass by 58.2% in the fourth quarter. Lisanti Capital Growth LLC now owns 43,595 shares of the company's stock valued at $3,458,000 after acquiring an additional 16,040 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Tecnoglass in the fourth quarter worth approximately $4,344,000. Hedge funds and other institutional investors own 37.35% of the company's stock.

Tecnoglass Price Performance

Shares of NASDAQ:TGLS traded down $0.43 during midday trading on Tuesday, hitting $73.82. The company had a trading volume of 254,882 shares, compared to its average volume of 364,276. The business's 50-day simple moving average is $74.52 and its 200-day simple moving average is $74.36. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 23.07 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 twelve month low of $40.94 and a twelve month high of $86.99.

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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 given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Monday, March 31st. Tecnoglass's payout ratio is currently 17.49%.

Analyst Ratings Changes

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

Tecnoglass Company 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.