Semanteon Capital Management LP Lowers Position in Tecnoglass Inc. (NASDAQ:TGLS)

Semanteon Capital Management LP lessened its holdings in Tecnoglass Inc. (NASDAQ:TGLS) by 41.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 10,530 shares of the company’s stock after selling 7,486 shares during the quarter. Semanteon Capital Management LP’s holdings in Tecnoglass were worth $835,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TGLS. Principal Financial Group Inc. bought a new stake in Tecnoglass during the 3rd quarter valued at $2,211,000. Tidal Investments LLC bought a new stake in Tecnoglass during the third quarter valued at about $585,000. Barclays PLC raised its holdings in Tecnoglass by 32.2% in the third quarter. Barclays PLC now owns 35,376 shares of the company’s stock worth $2,429,000 after purchasing an additional 8,613 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Tecnoglass by 4.8% during the third quarter. Geode Capital Management LLC now owns 500,265 shares of the company’s stock valued at $34,355,000 after buying an additional 22,700 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of Tecnoglass by 29.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,966,119 shares of the company’s stock valued at $134,994,000 after buying an additional 447,647 shares in the last quarter. 37.35% of the stock is currently owned by institutional investors.

Tecnoglass Trading Up 0.9 %

NASDAQ:TGLS opened at $72.85 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.63 and a debt-to-equity ratio of 0.20. The firm has a fifty day simple moving average of $74.60 and a 200-day simple moving average of $73.99. Tecnoglass Inc. has a 12 month low of $40.94 and a 12 month high of $86.99. The company has a market capitalization of $3.42 billion, a P/E ratio of 22.76 and a beta of 1.94.

Tecnoglass Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.60 annualized dividend and a yield of 0.82%. Tecnoglass’s payout ratio is presently 17.49%.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Tecnoglass in a report on Saturday, December 14th. They set a “hold” rating for the company. 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 data from MarketBeat, Tecnoglass currently has a consensus rating of “Hold” and an average price target 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.