Charles Schwab Investment Management Inc. Has $14.62 Million Holdings in Tecnoglass Inc. (NASDAQ:TGLS)

Charles Schwab Investment Management Inc. lifted its position in Tecnoglass Inc. (NASDAQ:TGLS) by 0.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 184,313 shares of the company’s stock after acquiring an additional 913 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Tecnoglass were worth $14,620,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TGLS. USA Financial Formulas bought a new stake in Tecnoglass in the 4th quarter valued at $26,000. R Squared Ltd acquired a new stake in shares of Tecnoglass during the 4th quarter valued at about $70,000. SBI Securities Co. Ltd. bought a new stake in Tecnoglass in the fourth quarter valued at about $108,000. DGS Capital Management LLC acquired a new position in Tecnoglass in the third quarter worth about $204,000. Finally, Ifrah Financial Services Inc. bought a new position in Tecnoglass during the fourth quarter worth about $214,000. 37.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Tecnoglass in a research note on Saturday, December 14th. They issued a “hold” rating on the stock. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $77.40.

Tecnoglass Stock Up 0.9 %

Shares of NASDAQ:TGLS opened at $72.85 on Friday. The company’s fifty day moving average is $74.60 and its 200-day moving average is $73.99. 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 company has a market capitalization of $3.42 billion, a PE ratio of 22.76 and a beta of 1.94.

Tecnoglass Announces Dividend

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 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 dividend payout ratio is 17.49%.

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.