Vanguard Group Inc. increased its stake in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 6.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 517,435 shares of the company's stock after buying an additional 31,493 shares during the quarter. Vanguard Group Inc. owned 1.10% of Tecnoglass worth $41,043,000 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. Signaturefd LLC increased its holdings in 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 last quarter. Nations Financial Group Inc. IA ADV increased its position in shares of Tecnoglass by 3.0% during 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 bought a new stake in Tecnoglass in the 4th quarter valued at $26,000. R Squared Ltd acquired a new position in Tecnoglass in the 4th quarter worth $70,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in Tecnoglass by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 184,313 shares of the company's stock worth $14,620,000 after purchasing an additional 913 shares in the last quarter. Institutional investors and hedge funds own 37.35% of the company's stock.
Tecnoglass Stock Down 4.6 %
NASDAQ:TGLS traded down $3.30 during trading hours on Tuesday, reaching $68.45. 389,962 shares of the stock were exchanged, compared to its average volume of 367,266. The stock has a market cap of $3.22 billion, a PE ratio of 21.39 and a beta of 1.66. Tecnoglass Inc. has a twelve month low of $40.94 and a twelve month high of $86.99. The firm has a 50 day moving average of $70.83 and a 200 day moving average of $74.79. 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 Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be issued a $0.15 dividend. 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 payout ratio is presently 17.49%.
About Tecnoglass
(
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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