Tecnoglass Inc. (NASDAQ:TGLS) Shares Sold by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC lessened its holdings in Tecnoglass Inc. (NASDAQ:TGLS) by 8.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,458 shares of the company’s stock after selling 328 shares during the period. HBK Sorce Advisory LLC’s holdings in Tecnoglass were worth $274,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. USA Financial Formulas purchased a new stake in shares of Tecnoglass in the 4th quarter valued at $26,000. R Squared Ltd purchased a new stake in shares of Tecnoglass in the 4th quarter valued at $70,000. SBI Securities Co. Ltd. purchased a new stake in shares of Tecnoglass in the 4th quarter valued at $108,000. DGS Capital Management LLC purchased a new stake in shares of Tecnoglass in the 3rd quarter valued at $204,000. Finally, Ifrah Financial Services Inc. purchased a new stake in Tecnoglass during the 4th quarter worth about $214,000. Institutional investors and hedge funds own 37.35% of the company’s stock.

Analyst Ratings Changes

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

Tecnoglass Trading Up 2.6 %

NASDAQ:TGLS opened at $68.16 on Friday. The stock has a 50-day simple moving average of $74.91 and a 200-day simple moving average of $73.81. The stock has a market cap of $3.20 billion, a P/E ratio of 21.30 and a beta of 1.94. Tecnoglass Inc. has a 1 year low of $40.94 and a 1 year high of $86.99. 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 Dividend Announcement

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