Tecnoglass (NASDAQ:TGLS) Shares Down 4.6% – Time to Sell?

Shares of Tecnoglass Inc. (NASDAQ:TGLS) fell 4.6% during trading on Tuesday . The company traded as low as $68.36 and last traded at $68.43. 101,940 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 366,242 shares. The stock had previously closed at $71.75.

Tecnoglass Price Performance

The firm has a market cap of $3.19 billion, a P/E ratio of 21.19 and a beta of 1.66. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.21 and a quick ratio of 1.63. The company’s 50-day moving average is $70.83 and its two-hundred day moving average is $74.79.

Tecnoglass Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors 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 0.88%. Tecnoglass’s dividend payout ratio is 17.49%.

Institutional Investors Weigh In On Tecnoglass

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC raised its holdings in shares of Tecnoglass by 49.2% during the 4th quarter. FMR LLC now owns 5,412,322 shares of the company’s stock worth $429,305,000 after buying an additional 1,785,602 shares in the last quarter. Capital World Investors acquired a new stake in shares of Tecnoglass in the 4th quarter valued at approximately $23,530,000. Marshall Wace LLP bought a new stake in shares of Tecnoglass during the 4th quarter valued at approximately $19,638,000. Invesco Ltd. lifted its stake in Tecnoglass by 486.8% in the 4th quarter. Invesco Ltd. now owns 147,070 shares of the company’s stock valued at $11,666,000 after purchasing an additional 122,006 shares during the last quarter. Finally, one8zero8 LLC bought a new stake in shares of Tecnoglass during the fourth quarter worth $8,021,000. 37.35% of the stock is currently owned by institutional investors.

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.