Sei Investments Co. Sells 18,950 Shares of Tecnoglass Inc. (NASDAQ:TGLS)

Sei Investments Co. lessened its holdings in shares of Tecnoglass Inc. (NASDAQ:TGLS) by 24.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,429 shares of the company’s stock after selling 18,950 shares during the quarter. Sei Investments Co. owned approximately 0.12% of Tecnoglass worth $4,556,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Signaturefd LLC lifted its position in Tecnoglass by 32.6% during the 4th quarter. Signaturefd LLC now owns 898 shares of the company’s stock valued at $71,000 after acquiring an additional 221 shares during the period. one8zero8 LLC bought a new stake in shares of Tecnoglass in the 4th quarter worth approximately $8,021,000. Thompson Siegel & Walmsley LLC purchased a new stake in shares of Tecnoglass in the 4th quarter worth approximately $976,000. Lisanti Capital Growth LLC increased its position in Tecnoglass by 58.2% during the 4th 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. Finally, Raymond James Financial Inc. purchased a new position in Tecnoglass during the fourth quarter valued at $4,344,000. Hedge funds and other institutional investors own 37.35% of the company’s stock.

Analyst Ratings Changes

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

Tecnoglass Trading Up 3.6 %

Shares of TGLS opened at $74.49 on Thursday. The company has a market cap of $3.50 billion, a P/E ratio of 23.28 and a beta of 1.94. Tecnoglass Inc. has a twelve month low of $40.94 and a twelve month high of $86.99. The company’s fifty day simple moving average is $73.08 and its 200-day simple moving average is $74.79. The company has a current ratio of 2.21, a quick ratio of 1.63 and a debt-to-equity ratio of 0.20.

Tecnoglass Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders 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 yield of 0.81%. The ex-dividend date of this dividend is Monday, March 31st. Tecnoglass’s payout ratio is 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.