ExodusPoint Capital Management LP Invests $322,000 in Tecnoglass Inc. (NASDAQ:TGLS)

ExodusPoint Capital Management LP purchased a new stake in shares of Tecnoglass Inc. (NASDAQ:TGLS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,057 shares of the company’s stock, valued at approximately $322,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of TGLS. USA Financial Formulas bought a new position in Tecnoglass in the 4th quarter worth $26,000. R Squared Ltd bought a new position in Tecnoglass in the fourth quarter worth about $70,000. Signaturefd LLC raised its stake in 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. purchased a new stake in Tecnoglass in the fourth quarter worth about $108,000. Finally, EntryPoint Capital LLC bought a new stake in Tecnoglass during the 4th quarter valued at approximately $203,000. Institutional investors own 37.35% of the company’s stock.

Tecnoglass Stock Up 3.0 %

Shares of NASDAQ:TGLS opened at $71.06 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.63 and a current ratio of 2.21. Tecnoglass Inc. has a 52-week low of $40.94 and a 52-week high of $86.99. The firm has a market capitalization of $3.34 billion, a P/E ratio of 22.21 and a beta of 1.66. The stock has a 50 day moving average price of $70.93 and a 200-day moving average price of $74.77.

Tecnoglass Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend is Monday, March 31st. Tecnoglass’s dividend payout ratio is currently 17.49%.

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.