Invesco Ltd. increased its stake in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 486.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 147,070 shares of the company's stock after purchasing an additional 122,006 shares during the period. Invesco Ltd. owned 0.31% of Tecnoglass worth $11,666,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of TGLS. USA Financial Formulas acquired a new position in shares of Tecnoglass during the fourth quarter valued at approximately $26,000. R Squared Ltd purchased a new position in Tecnoglass in the 4th quarter valued at $70,000. Signaturefd LLC lifted its holdings in Tecnoglass by 32.6% in the 4th quarter. Signaturefd LLC now owns 898 shares of the company's stock valued at $71,000 after purchasing an additional 221 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Tecnoglass by 18.7% during the 4th quarter. Quadrant Capital Group LLC now owns 1,079 shares of the company's stock worth $86,000 after purchasing an additional 170 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Tecnoglass during the fourth quarter worth $108,000. 37.35% of the stock is owned by hedge funds and other institutional investors.
Tecnoglass Stock Performance
NASDAQ:TGLS opened at $68.28 on Wednesday. Tecnoglass Inc. has a twelve month low of $40.94 and a twelve month high of $86.99. The company has a market cap of $3.21 billion, a P/E ratio of 21.34 and a beta of 1.66. 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 company's 50-day moving average price is $69.79 and its 200-day moving average price is $74.69.
Tecnoglass Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders 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 dividend yield of 0.88%. The ex-dividend date of this dividend is Monday, March 31st. Tecnoglass's dividend payout ratio is currently 17.49%.
Tecnoglass Company Profile
(
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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