Farringdon Capital Ltd. Buys Shares of 2,802 Tecnoglass Inc. (NASDAQ:TGLS)

Farringdon Capital Ltd. acquired a new stake in Tecnoglass Inc. (NASDAQ:TGLS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 2,802 shares of the company’s stock, valued at approximately $222,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. USA Financial Formulas acquired a new position in shares of Tecnoglass during the fourth quarter worth approximately $26,000. R Squared Ltd bought a new stake in shares of Tecnoglass during the fourth quarter valued at about $70,000. Signaturefd LLC lifted its holdings in Tecnoglass by 32.6% in the fourth quarter. Signaturefd LLC now owns 898 shares of the company’s stock worth $71,000 after purchasing an additional 221 shares during the period. Covestor Ltd increased its stake in Tecnoglass by 6,293.8% during the 4th quarter. Covestor Ltd now owns 1,023 shares of the company’s stock valued at $81,000 after buying an additional 1,007 shares during the period. Finally, Quadrant Capital Group LLC raised its position in shares of 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. 37.35% of the stock is owned by institutional investors and hedge funds.

Tecnoglass Trading Up 0.1 %

Tecnoglass stock opened at $67.86 on Friday. Tecnoglass Inc. has a 12-month low of $40.94 and a 12-month 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. The stock has a market capitalization of $3.19 billion, a PE ratio of 21.21 and a beta of 1.66. The firm has a 50 day simple moving average of $70.05 and a 200-day simple moving average of $74.72.

Tecnoglass Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Monday, March 31st. Tecnoglass’s dividend payout ratio is presently 17.49%.

Tecnoglass 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.