Tecnoglass Inc. (NASDAQ:TGLS) Shares Sold by Cynosure Group LLC

Cynosure Group LLC cut its stake in shares of Tecnoglass Inc. (NASDAQ:TGLS) by 33.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,129 shares of the company’s stock after selling 3,599 shares during the quarter. Cynosure Group LLC’s holdings in Tecnoglass were worth $565,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. USA Financial Formulas acquired a new position in Tecnoglass during the 4th quarter worth approximately $26,000. R Squared Ltd purchased a new stake in shares of Tecnoglass in the fourth quarter valued at approximately $70,000. Signaturefd LLC grew its holdings in 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. SBI Securities Co. Ltd. purchased a new position in Tecnoglass in the fourth quarter worth $108,000. Finally, EntryPoint Capital LLC acquired a new stake in Tecnoglass in the fourth quarter valued at $203,000. 37.35% of the stock is currently owned by hedge funds and other institutional investors.

Tecnoglass Stock Up 3.6 %

TGLS opened at $74.49 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.63 and a current ratio of 2.21. The company has a market cap of $3.50 billion, a price-to-earnings ratio of 23.28 and a beta of 1.94. Tecnoglass Inc. has a one year low of $40.94 and a one year high of $86.99. The business’s fifty day moving average is $73.08 and its two-hundred day moving average is $74.79.

Tecnoglass Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a $0.15 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.60 annualized dividend and a dividend yield of 0.81%. Tecnoglass’s dividend payout ratio is presently 17.49%.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Tecnoglass in a research note 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 given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $77.40.

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.