Tecnoglass Inc. (TGLS) To Go Ex-Dividend on December 31st

Tecnoglass Inc. (NYSE:TGLS) declared a quarterly dividend on Wednesday, December 10th. Investors of record on Wednesday, December 31st will be given a dividend of 0.15 per share on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Wednesday, December 31st.

Tecnoglass has decreased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 4 years. Tecnoglass has a payout ratio of 12.4% indicating that its dividend is sufficiently covered by earnings.

Tecnoglass Price Performance

Shares of TGLS opened at $51.34 on Monday. Tecnoglass has a 1-year low of $44.26 and a 1-year high of $90.34. The stock has a market capitalization of $2.39 billion, a P/E ratio of 13.34, a P/E/G ratio of 0.62 and a beta of 1.73. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.98 and a quick ratio of 1.40. The company has a 50 day moving average of $52.11.

Tecnoglass (NYSE:TGLS) last issued its quarterly earnings results on Thursday, November 6th. The company reported $1.00 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.11). Tecnoglass had a return on equity of 26.64% and a net margin of 18.46%.The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.08 earnings per share.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Citigroup Inc. boosted its holdings in Tecnoglass by 445.3% during the 3rd quarter. Citigroup Inc. now owns 526,061 shares of the company’s stock valued at $35,199,000 after acquiring an additional 429,590 shares during the period. Jane Street Group LLC lifted its position in Tecnoglass by 2,640.4% in the second quarter. Jane Street Group LLC now owns 326,113 shares of the company’s stock valued at $25,228,000 after purchasing an additional 314,213 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Tecnoglass by 352.1% during the third quarter. Millennium Management LLC now owns 181,745 shares of the company’s stock valued at $12,161,000 after purchasing an additional 141,542 shares during the period. Voloridge Investment Management LLC boosted its stake in shares of Tecnoglass by 151.4% during the third quarter. Voloridge Investment Management LLC now owns 219,072 shares of the company’s stock valued at $14,658,000 after purchasing an additional 131,933 shares during the period. Finally, American Century Companies Inc. grew its holdings in shares of Tecnoglass by 14.3% in the second quarter. American Century Companies Inc. now owns 932,926 shares of the company’s stock worth $72,171,000 after purchasing an additional 116,760 shares during the last quarter. Hedge funds and other institutional investors own 37.35% of the company’s stock.

About Tecnoglass

Tecnoglass, Inc is a vertically integrated designer, manufacturer and distributor of architectural glass, windows and aluminum products for the construction industry. The company’s product portfolio includes tempered, laminated and insulated glass units, high‐performance aluminum windows, curtainwall systems and storefront solutions tailored to commercial, residential and institutional projects.

Established in 1994 as a family‐run enterprise in Barranquilla, Colombia, Tecnoglass has grown through significant investments in automated production lines, research and development, and international quality certifications.