Signaturefd LLC Buys 221 Shares of Tecnoglass Inc. (NASDAQ:TGLS)

Signaturefd LLC increased its position in Tecnoglass Inc. (NASDAQ:TGLS) by 32.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 898 shares of the company’s stock after purchasing an additional 221 shares during the period. Signaturefd LLC’s holdings in Tecnoglass were worth $71,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Intech Investment Management LLC bought a new stake in shares of Tecnoglass in the 3rd quarter worth $509,000. Charles Schwab Investment Management Inc. increased its holdings in Tecnoglass by 8.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 183,400 shares of the company’s stock worth $12,592,000 after buying an additional 13,803 shares in the last quarter. BNP Paribas Financial Markets raised its position in Tecnoglass by 74.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 14,097 shares of the company’s stock worth $968,000 after buying an additional 6,005 shares during the last quarter. Cynosure Group LLC lifted its stake in Tecnoglass by 27.3% during the 3rd quarter. Cynosure Group LLC now owns 10,728 shares of the company’s stock valued at $737,000 after acquiring an additional 2,301 shares during the period. Finally, MetLife Investment Management LLC boosted its holdings in shares of Tecnoglass by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 13,101 shares of the company’s stock valued at $900,000 after acquiring an additional 7,382 shares during the last quarter. 37.35% of the stock is owned by hedge funds and other institutional investors.

Tecnoglass Stock Performance

Shares of NASDAQ TGLS opened at $74.20 on Tuesday. The company has a current ratio of 2.21, a quick ratio of 1.63 and a debt-to-equity ratio of 0.20. Tecnoglass Inc. has a 12-month low of $40.94 and a 12-month high of $86.99. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 23.19 and a beta of 1.94. The firm has a 50 day moving average of $74.52 and a 200 day moving average of $74.36.

Tecnoglass Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued 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 0.81%. Tecnoglass’s dividend payout ratio is currently 17.49%.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Tecnoglass in a research report on Saturday, December 14th. They set a “hold” rating on the stock. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company 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.