Tecnoglass Inc. (NASDAQ:TGLS) is Riverwater Partners LLC’s 5th Largest Position

Riverwater Partners LLC decreased its holdings in Tecnoglass Inc. (NASDAQ:TGLS) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,570 shares of the company’s stock after selling 1,094 shares during the period. Tecnoglass comprises approximately 2.4% of Riverwater Partners LLC’s portfolio, making the stock its 5th largest position. Riverwater Partners LLC owned 0.13% of Tecnoglass worth $4,884,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. ExodusPoint Capital Management LP acquired a new stake in Tecnoglass in the fourth quarter valued at $322,000. Trexquant Investment LP lifted its position in shares of Tecnoglass by 15.6% during the 4th quarter. Trexquant Investment LP now owns 14,264 shares of the company’s stock worth $1,131,000 after buying an additional 1,921 shares during the last quarter. EntryPoint Capital LLC acquired a new position in shares of Tecnoglass in the 4th quarter valued at $203,000. Vanguard Group Inc. raised its stake in Tecnoglass by 6.5% during the 4th quarter. Vanguard Group Inc. now owns 517,435 shares of the company’s stock worth $41,043,000 after acquiring an additional 31,493 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in Tecnoglass by 32.6% in the fourth quarter. Signaturefd LLC now owns 898 shares of the company’s stock valued at $71,000 after acquiring an additional 221 shares in the last quarter. 37.35% of the stock is owned by institutional investors and hedge funds.

Tecnoglass Trading Down 5.9 %

NASDAQ:TGLS opened at $64.76 on Friday. The company has a market capitalization of $3.04 billion, a PE ratio of 20.24 and a beta of 1.66. Tecnoglass Inc. has a 52-week low of $40.94 and a 52-week high of $86.99. The stock has a fifty day simple moving average of $72.33 and a 200-day simple moving average of $74.74. The company has a quick ratio of 1.63, a current ratio of 2.21 and a debt-to-equity ratio of 0.20.

Tecnoglass Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Monday, March 31st. Tecnoglass’s dividend payout ratio (DPR) is presently 17.49%.

Analyst Upgrades and Downgrades

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

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.