HBK Sorce Advisory LLC Cuts Stock Position in Tecnoglass Inc. (NASDAQ:TGLS)

HBK Sorce Advisory LLC cut its holdings in Tecnoglass Inc. (NASDAQ:TGLS) by 8.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,458 shares of the company’s stock after selling 328 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Tecnoglass were worth $274,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Lisanti Capital Growth LLC increased its position in shares of Tecnoglass by 58.2% in the fourth quarter. Lisanti Capital Growth LLC now owns 43,595 shares of the company’s stock valued at $3,458,000 after buying an additional 16,040 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Tecnoglass in the fourth quarter worth approximately $4,344,000. Cookson Peirce & Co. Inc. acquired a new stake in shares of Tecnoglass in the fourth quarter worth approximately $971,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Tecnoglass by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 184,313 shares of the company’s stock worth $14,620,000 after acquiring an additional 913 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Tecnoglass in the fourth quarter worth approximately $108,000. 37.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Tecnoglass Stock Performance

NASDAQ TGLS opened at $68.16 on Friday. The stock’s fifty day moving average is $74.91 and its two-hundred day moving average is $73.81. The firm has a market capitalization of $3.20 billion, a P/E ratio of 21.30 and a beta of 1.94. 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 fifty-two week low of $40.94 and a fifty-two week high of $86.99.

Tecnoglass Announces Dividend

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

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.