Neumeier Poma Investment Counsel LLC Sells 128,300 Shares of Tecnoglass Inc. (NASDAQ:TGLS)

Neumeier Poma Investment Counsel LLC lowered its stake in shares of Tecnoglass Inc. (NASDAQ:TGLS) by 30.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 298,550 shares of the company’s stock after selling 128,300 shares during the period. Tecnoglass accounts for about 2.3% of Neumeier Poma Investment Counsel LLC’s investment portfolio, making the stock its 20th largest position. Neumeier Poma Investment Counsel LLC owned about 0.64% of Tecnoglass worth $23,681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. USA Financial Formulas bought a new stake in Tecnoglass in the 4th quarter valued at $26,000. R Squared Ltd bought a new stake in shares of Tecnoglass in the fourth quarter worth about $70,000. Signaturefd LLC lifted its position in shares of Tecnoglass by 32.6% in the fourth quarter. Signaturefd LLC now owns 898 shares of the company’s stock worth $71,000 after buying an additional 221 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Tecnoglass during the fourth quarter valued at approximately $108,000. Finally, EntryPoint Capital LLC purchased a new position in Tecnoglass during the 4th quarter valued at approximately $203,000. Hedge funds and other institutional investors own 37.35% of the company’s stock.

Tecnoglass Price Performance

NASDAQ:TGLS opened at $72.81 on Thursday. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of 22.75 and a beta of 1.94. 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 business has a 50 day simple moving average of $74.29 and a 200-day simple moving average of $74.45. Tecnoglass Inc. has a 1 year low of $40.94 and a 1 year high of $86.99.

Tecnoglass Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 0.82%. Tecnoglass’s dividend payout ratio is presently 17.49%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Tecnoglass in a report on Saturday, December 14th. They set a “hold” rating on the stock. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Tecnoglass presently has a consensus rating of “Hold” and an average 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.