Tecnoglass Inc. (NASDAQ:TGLS) Stake Raised by Polaris Capital Management LLC

Polaris Capital Management LLC raised its position in shares of Tecnoglass Inc. (NASDAQ:TGLS) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 860,964 shares of the company’s stock after acquiring an additional 20,800 shares during the period. Tecnoglass makes up approximately 3.3% of Polaris Capital Management LLC’s holdings, making the stock its 5th biggest holding. Polaris Capital Management LLC owned approximately 1.83% of Tecnoglass worth $68,292,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of TGLS. Principal Financial Group Inc. purchased a new position in shares of Tecnoglass during the third quarter valued at approximately $2,211,000. Tidal Investments LLC purchased a new stake in shares of Tecnoglass during the third quarter valued at $585,000. Barclays PLC increased its stake in Tecnoglass by 32.2% in the 3rd quarter. Barclays PLC now owns 35,376 shares of the company’s stock worth $2,429,000 after buying an additional 8,613 shares during the period. The Manufacturers Life Insurance Company bought a new stake in Tecnoglass during the 2nd quarter valued at about $589,000. Finally, GSA Capital Partners LLP grew its stake in Tecnoglass by 262.4% in the 3rd quarter. GSA Capital Partners LLP now owns 20,089 shares of the company’s stock worth $1,379,000 after acquiring an additional 14,545 shares in the last quarter. Institutional investors own 37.35% of the company’s stock.

Tecnoglass Trading Up 0.6 %

Shares of TGLS stock opened at $77.99 on Tuesday. The company has a market cap of $3.67 billion, a price-to-earnings ratio of 24.37 and a beta of 1.88. The stock has a 50 day simple moving average of $80.11 and a 200-day simple moving average of $71.47. 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 1-year low of $40.94 and a 1-year high of $86.99.

Tecnoglass Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, December 31st. This is a positive change from Tecnoglass’s previous quarterly dividend of $0.11. This represents a $0.60 dividend on an annualized basis and a yield of 0.77%. Tecnoglass’s dividend payout ratio is 18.75%.

Analyst Ratings Changes

TGLS has been the topic of several research reports. StockNews.com began coverage on Tecnoglass in a report on Saturday, December 14th. They set a “hold” rating on the stock. Raymond James downgraded Tecnoglass from a “strong-buy” rating to a “market perform” rating in a report on Tuesday, October 22nd. Sidoti cut Tecnoglass from a “buy” rating to a “neutral” rating and set a $78.00 price objective for the company. in a research note on Tuesday, October 22nd. Robert W. Baird lifted their target price on Tecnoglass from $85.00 to $88.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, DA Davidson increased their price target on shares of Tecnoglass from $65.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target 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.