Farringdon Capital Ltd. Takes $222,000 Position in Tecnoglass Inc. (NASDAQ:TGLS)

Farringdon Capital Ltd. bought a new position in Tecnoglass Inc. (NASDAQ:TGLS) during the fourth quarter, Holdings Channel reports. The fund bought 2,802 shares of the company’s stock, valued at approximately $222,000.

A number of other institutional investors and hedge funds also recently modified their holdings of TGLS. Marshall Wace LLP acquired a new stake in Tecnoglass during the 4th quarter worth about $19,638,000. Jump Financial LLC purchased a new stake in shares of Tecnoglass in the 4th quarter valued at approximately $975,000. Mariner LLC purchased a new position in Tecnoglass during the 4th quarter worth approximately $254,000. Barclays PLC lifted its holdings in shares of Tecnoglass by 12.1% in the fourth quarter. Barclays PLC now owns 39,647 shares of the company’s stock valued at $3,145,000 after purchasing an additional 4,271 shares in the last quarter. Finally, Summit Investment Advisors Inc. grew its holdings in shares of Tecnoglass by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,350 shares of the company’s stock valued at $186,000 after buying an additional 149 shares in the last quarter. 37.35% of the stock is owned by institutional investors and hedge funds.

Tecnoglass Stock Up 0.1 %

Shares of Tecnoglass stock opened at $67.86 on Friday. Tecnoglass Inc. has a 1 year low of $40.94 and a 1 year high of $86.99. The company has a market cap of $3.19 billion, a P/E ratio of 21.21 and a beta of 1.66. The company has a current ratio of 2.21, a quick ratio of 1.63 and a debt-to-equity ratio of 0.20. The stock has a 50-day moving average price of $70.05 and a 200 day moving average price of $74.72.

Tecnoglass Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.88%. The ex-dividend date is Monday, March 31st. Tecnoglass’s dividend payout ratio is currently 17.49%.

Tecnoglass Company 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.