Thompson Siegel & Walmsley LLC Purchases New Stake in Tecnoglass Inc. (NASDAQ:TGLS)

Thompson Siegel & Walmsley LLC purchased a new stake in shares of Tecnoglass Inc. (NASDAQ:TGLS) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 12,300 shares of the company’s stock, valued at approximately $976,000.

Other large investors have also recently bought and sold shares of the company. USA Financial Formulas acquired a new position in Tecnoglass during the fourth quarter valued at $26,000. R Squared Ltd acquired a new position in Tecnoglass during the fourth quarter valued at $70,000. SBI Securities Co. Ltd. acquired a new position in Tecnoglass during the fourth quarter valued at $108,000. Ifrah Financial Services Inc. acquired a new position in Tecnoglass during the fourth quarter valued at $214,000. Finally, Yorktown Management & Research Co Inc purchased a new position in Tecnoglass in the fourth quarter valued at about $222,000. 37.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Tecnoglass in a research note on Saturday, December 14th. They issued a “hold” rating on the stock. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $77.40.

Tecnoglass Stock Performance

Shares of NASDAQ TGLS opened at $68.16 on Friday. The company has a market capitalization of $3.20 billion, a P/E ratio of 21.30 and a beta of 1.94. The business’s 50-day moving average price is $75.07 and its two-hundred day moving average price is $73.69. Tecnoglass Inc. has a one year low of $40.94 and a one year high of $86.99. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid 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 dividend yield of 0.88%. Tecnoglass’s dividend payout ratio (DPR) is presently 17.49%.

About Tecnoglass

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.