Tecnoglass Inc. (NASDAQ:TGLS) Shares Sold by Sei Investments Co.

Sei Investments Co. lowered its holdings in Tecnoglass Inc. (NASDAQ:TGLS) by 24.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 57,429 shares of the company’s stock after selling 18,950 shares during the quarter. Sei Investments Co.’s holdings in Tecnoglass were worth $4,556,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TGLS. Charles Schwab Investment Management Inc. grew its holdings in Tecnoglass by 8.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 183,400 shares of the company’s stock valued at $12,592,000 after purchasing an additional 13,803 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Tecnoglass by 74.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 14,097 shares of the company’s stock valued at $968,000 after buying an additional 6,005 shares in the last quarter. MetLife Investment Management LLC grew its stake in Tecnoglass by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 13,101 shares of the company’s stock valued at $900,000 after acquiring an additional 7,382 shares during the period. Walleye Capital LLC increased its holdings in Tecnoglass by 19.4% in the 3rd quarter. Walleye Capital LLC now owns 7,075 shares of the company’s stock worth $486,000 after acquiring an additional 1,149 shares in the last quarter. Finally, Verition Fund Management LLC raised its position in Tecnoglass by 262.5% during the third 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 period. Hedge funds and other institutional investors own 37.35% of the company’s stock.

Tecnoglass Price Performance

Shares of NASDAQ:TGLS opened at $74.49 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.21 and a quick ratio of 1.63. Tecnoglass Inc. has a 12 month low of $40.94 and a 12 month high of $86.99. The firm has a market capitalization of $3.50 billion, a P/E ratio of 23.28 and a beta of 1.94. The company’s fifty day moving average price is $73.08 and its 200 day moving average price is $74.79.

Tecnoglass Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.81%. The ex-dividend date is Monday, March 31st. Tecnoglass’s dividend 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 issued a “hold” rating on the stock. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $77.40.

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.