Barclays PLC Has $3.15 Million Stake in Tecnoglass Inc. (NASDAQ:TGLS)

Barclays PLC lifted its holdings in shares of Tecnoglass Inc. (NASDAQ:TGLS) by 12.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,647 shares of the company’s stock after purchasing an additional 4,271 shares during the quarter. Barclays PLC owned 0.08% of Tecnoglass worth $3,145,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. USA Financial Formulas acquired a new stake in Tecnoglass during the 4th quarter worth approximately $26,000. R Squared Ltd acquired a new stake in shares of Tecnoglass during the fourth quarter worth $70,000. Signaturefd LLC raised its holdings in shares of Tecnoglass by 32.6% during the fourth quarter. Signaturefd LLC now owns 898 shares of the company’s stock worth $71,000 after acquiring an additional 221 shares during the period. Covestor Ltd boosted its stake in Tecnoglass by 6,293.8% in the 4th quarter. Covestor Ltd now owns 1,023 shares of the company’s stock worth $81,000 after purchasing an additional 1,007 shares during the period. Finally, Quadrant Capital Group LLC increased its holdings in 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 purchasing an additional 170 shares in the last quarter. Institutional investors own 37.35% of the company’s stock.

Tecnoglass Stock Performance

Shares of Tecnoglass stock opened at $71.04 on Wednesday. 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 firm has a market cap of $3.34 billion, a price-to-earnings ratio of 22.20 and a beta of 1.66. The stock’s 50-day moving average is $69.55 and its 200-day moving average is $74.67. Tecnoglass Inc. has a one year low of $40.94 and a one year high of $86.99.

Tecnoglass Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.84%. 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.