2,562 Shares in Tecnoglass Inc. (NASDAQ:TGLS) Bought by EntryPoint Capital LLC

EntryPoint Capital LLC acquired a new stake in shares of Tecnoglass Inc. (NASDAQ:TGLS) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,562 shares of the company’s stock, valued at approximately $203,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP boosted its stake in shares of Tecnoglass by 29.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,966,119 shares of the company’s stock worth $134,994,000 after purchasing an additional 447,647 shares during the period. one8zero8 LLC purchased a new position in shares of Tecnoglass during the fourth quarter valued at approximately $8,021,000. State Street Corp grew its stake in shares of Tecnoglass by 29.1% during the third quarter. State Street Corp now owns 416,964 shares of the company’s stock valued at $28,674,000 after buying an additional 93,968 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Tecnoglass in the fourth quarter worth approximately $4,344,000. Finally, Verition Fund Management LLC lifted its stake in shares of Tecnoglass by 262.5% during the 3rd quarter. Verition Fund Management LLC now owns 48,894 shares of the company’s stock worth $3,357,000 after acquiring an additional 35,406 shares during the last quarter. Hedge funds and other institutional investors own 37.35% of the company’s stock.

Tecnoglass Price Performance

Shares of NASDAQ TGLS opened at $70.76 on Friday. Tecnoglass Inc. has a fifty-two week low of $40.94 and a fifty-two week high of $86.99. The company has a market cap of $3.33 billion, a PE ratio of 22.11 and a beta of 1.94. 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 business has a 50-day simple moving average of $73.84 and a two-hundred day simple moving average of $74.61.

Tecnoglass Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Monday, March 31st. Tecnoglass’s dividend payout ratio (DPR) is presently 17.49%.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Tecnoglass in a research report on Saturday, December 14th. They set a “hold” rating on the stock. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Tecnoglass 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.