William Blair Investment Management LLC trimmed its position in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 36.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,028,174 shares of the company's stock after selling 593,029 shares during the period. William Blair Investment Management LLC owned about 2.19% of Tecnoglass worth $81,555,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the company. Signaturefd LLC raised its position in 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 during the last quarter. one8zero8 LLC purchased a new position in shares of Tecnoglass during the fourth quarter valued at approximately $8,021,000. Thompson Siegel & Walmsley LLC bought a new position in shares of Tecnoglass during the fourth quarter valued at approximately $976,000. Lisanti Capital Growth LLC boosted its holdings in Tecnoglass by 58.2% in the fourth quarter. Lisanti Capital Growth LLC now owns 43,595 shares of the company's stock valued at $3,458,000 after acquiring an additional 16,040 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Tecnoglass during the 4th quarter valued at $4,344,000. 37.35% of the stock is currently owned by hedge funds and other institutional investors.
Tecnoglass Stock Down 1.4 %
Shares of Tecnoglass stock traded down $1.05 during trading on Friday, hitting $71.71. The company's stock had a trading volume of 2,563,641 shares, compared to its average volume of 365,357. Tecnoglass Inc. has a 52 week low of $40.94 and a 52 week high of $86.99. The company has a market capitalization of $3.37 billion, a PE ratio of 22.41 and a beta of 1.94. The company has a fifty day simple moving average of $74.60 and a two-hundred day simple moving average of $73.99. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.63 and a current ratio of 2.21.
Tecnoglass Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Monday, March 31st. Tecnoglass's dividend payout ratio (DPR) is presently 17.49%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com assumed coverage on shares of Tecnoglass in a research report on Saturday, December 14th. They issued a "hold" rating for the company. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $77.40.
Get Our Latest Stock Report on TGLS
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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