Tecnoglass Inc. (NASDAQ:TGLS) Shares Sold by Prospector Partners LLC

Prospector Partners LLC decreased its stake in Tecnoglass Inc. (NASDAQ:TGLS) by 15.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,735 shares of the company’s stock after selling 5,770 shares during the quarter. Prospector Partners LLC owned approximately 0.07% of Tecnoglass worth $2,597,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Quadrant Capital Group LLC increased its stake in Tecnoglass by 18.7% during the 4th quarter. Quadrant Capital Group LLC now owns 1,079 shares of the company’s stock worth $86,000 after buying an additional 170 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Tecnoglass by 57.7% during the fourth quarter. Wells Fargo & Company MN now owns 13,876 shares of the company’s stock worth $1,101,000 after buying an additional 5,079 shares in the last quarter. ExodusPoint Capital Management LP acquired a new stake in shares of Tecnoglass in the fourth quarter valued at about $322,000. Trexquant Investment LP lifted its stake in shares of Tecnoglass by 15.6% in the fourth quarter. Trexquant Investment LP now owns 14,264 shares of the company’s stock worth $1,131,000 after buying an additional 1,921 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new position in Tecnoglass during the fourth quarter worth about $203,000. Hedge funds and other institutional investors own 37.35% of the company’s stock.

Tecnoglass Price Performance

Tecnoglass stock opened at $64.76 on Friday. The company’s 50 day simple moving average is $72.33 and its 200-day simple moving average is $74.79. 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 Inc. has a 1 year low of $40.94 and a 1 year high of $86.99. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 20.24 and a beta of 1.66.

Tecnoglass Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a dividend of $0.15 per share. The ex-dividend date is Monday, March 31st. This represents a $0.60 annualized dividend and a dividend yield of 0.93%. Tecnoglass’s dividend payout ratio is currently 17.49%.

Wall Street Analysts Forecast Growth

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

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.