Wellington Management Group LLP Sells 336,941 Shares of Tecnoglass Inc. (NASDAQ:TGLS)

Wellington Management Group LLP trimmed its position in Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 17.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,629,178 shares of the company's stock after selling 336,941 shares during the period. Wellington Management Group LLP owned approximately 3.47% of Tecnoglass worth $129,226,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. USA Financial Formulas bought a new position in Tecnoglass during the fourth quarter worth about $26,000. R Squared Ltd bought a new position in shares of Tecnoglass during the 4th quarter valued at about $70,000. Signaturefd LLC lifted its holdings in shares of Tecnoglass by 32.6% during 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. SBI Securities Co. Ltd. acquired a new position in shares of Tecnoglass in the 4th quarter valued at approximately $108,000. Finally, EntryPoint Capital LLC bought a new stake in Tecnoglass during the 4th quarter worth approximately $203,000. Institutional investors own 37.35% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated 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's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $77.40.

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Tecnoglass Stock Up 3.1 %

Shares of TGLS traded up $1.98 during mid-day trading on Tuesday, hitting $66.52. 33,035 shares of the company's stock were exchanged, compared to its average volume of 367,728. 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 52 week low of $40.94 and a 52 week high of $86.99. The company has a market cap of $3.13 billion, a PE ratio of 20.83 and a beta of 1.66. The company has a 50-day simple moving average of $72.04 and a 200 day simple moving average of $74.81.

Tecnoglass Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.60 annualized dividend and a yield of 0.90%. Tecnoglass's dividend payout ratio (DPR) is presently 17.49%.

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.