Signaturefd LLC Purchases 221 Shares of Tecnoglass Inc. (NASDAQ:TGLS)

Signaturefd LLC grew its position in Tecnoglass Inc. (NASDAQ:TGLS) by 32.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 898 shares of the company’s stock after acquiring an additional 221 shares during the period. Signaturefd LLC’s holdings in Tecnoglass were worth $71,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Nations Financial Group Inc. IA ADV increased its holdings in Tecnoglass by 3.0% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 9,882 shares of the company’s stock valued at $784,000 after acquiring an additional 286 shares during the last quarter. USA Financial Formulas bought a new stake in shares of Tecnoglass in the fourth quarter worth about $26,000. R Squared Ltd purchased a new stake in shares of Tecnoglass in the fourth quarter worth about $70,000. Charles Schwab Investment Management Inc. boosted its stake in Tecnoglass by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 184,313 shares of the company’s stock valued at $14,620,000 after buying an additional 913 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Tecnoglass by 6.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 19,237 shares of the company’s stock valued at $1,321,000 after buying an additional 1,146 shares in the last quarter. 37.35% of the stock is owned by hedge funds and other institutional investors.

Tecnoglass Trading Up 3.4 %

Shares of NASDAQ TGLS opened at $74.20 on Tuesday. 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 current ratio of 2.21 and a quick ratio of 1.63. The business’s 50 day moving average is $74.52 and its two-hundred day moving average is $74.36. The stock has a market capitalization of $3.49 billion, a P/E ratio of 23.19 and a beta of 1.94.

Tecnoglass Dividend Announcement

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 issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.60 annualized dividend and a yield of 0.81%. Tecnoglass’s payout ratio is presently 17.49%.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Tecnoglass in a research report on Saturday, December 14th. They set a “hold” rating for the company. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average 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.