Thompson Siegel & Walmsley LLC Makes New Investment in Tecnoglass Inc. (NASDAQ:TGLS)

Thompson Siegel & Walmsley LLC purchased a new position in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,300 shares of the company's stock, valued at approximately $976,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TGLS. Wellington Management Group LLP raised its stake in shares of Tecnoglass by 29.5% in the third 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 last quarter. Polaris Capital Management LLC raised its stake in shares of Tecnoglass by 2.5% in the fourth quarter. Polaris Capital Management LLC now owns 860,964 shares of the company's stock valued at $68,292,000 after acquiring an additional 20,800 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Tecnoglass by 4.8% in the third quarter. Geode Capital Management LLC now owns 500,265 shares of the company's stock valued at $34,355,000 after acquiring 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 acquiring an additional 93,968 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Tecnoglass by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 184,313 shares of the company's stock valued at $14,620,000 after acquiring an additional 913 shares during the last quarter. Institutional investors own 37.35% of the company's stock.

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Tecnoglass Price Performance

Shares of Tecnoglass stock traded up $2.37 during midday trading on Wednesday, reaching $72.23. The company had a trading volume of 409,030 shares, compared to its average volume of 357,785. 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 has a market capitalization of $3.39 billion, a price-to-earnings ratio of 22.57 and a beta of 1.94. The stock has a fifty day simple moving average of $74.67 and a 200 day simple moving average of $74.01. Tecnoglass Inc. has a 1-year low of $40.94 and a 1-year high of $86.99.

Tecnoglass Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Monday, March 31st. Tecnoglass's dividend payout ratio is presently 17.49%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Tecnoglass in a report on Saturday, December 14th. They issued a "hold" rating for the company. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Tecnoglass 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.