Tecnoglass Inc. (NASDAQ:TGLS) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. lessened its stake in Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 45.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 222,968 shares of the company's stock after selling 182,155 shares during the period. Alliancebernstein L.P. owned 0.47% of Tecnoglass worth $17,686,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of TGLS. Signaturefd LLC boosted its position in shares of Tecnoglass by 32.6% in the 4th quarter. Signaturefd LLC now owns 898 shares of the company's stock worth $71,000 after purchasing an additional 221 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its holdings in Tecnoglass by 3.0% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 9,882 shares of the company's stock worth $784,000 after acquiring an additional 286 shares in the last quarter. USA Financial Formulas purchased a new stake in shares of Tecnoglass during the fourth quarter worth about $26,000. R Squared Ltd acquired a new position in shares of Tecnoglass during the fourth quarter valued at about $70,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Tecnoglass by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 184,313 shares of the company's stock valued at $14,620,000 after purchasing an additional 913 shares during the last quarter. Institutional investors own 37.35% of the company's stock.

Tecnoglass Price Performance

NASDAQ TGLS traded up $2.05 during trading hours on Friday, reaching $71.06. The company's stock had a trading volume of 329,388 shares, compared to its average volume of 367,205. 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 1-year low of $40.94 and a 1-year high of $86.99. The company's 50-day moving average is $70.93 and its two-hundred day moving average is $74.72. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 22.21 and a beta of 1.66.

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Tecnoglass Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors 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 0.84%. Tecnoglass's dividend payout ratio is currently 17.49%.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Tecnoglass in a report on Saturday, December 14th. They set a "hold" rating for the company. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $77.40.

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.