Polaris Capital Management LLC Acquires 20,800 Shares of Tecnoglass Inc. (NASDAQ:TGLS)

Polaris Capital Management LLC grew its holdings in shares of Tecnoglass Inc. (NASDAQ:TGLS) by 2.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 860,964 shares of the company’s stock after buying an additional 20,800 shares during the period. Tecnoglass makes up approximately 3.3% of Polaris Capital Management LLC’s investment portfolio, making the stock its 5th largest holding. Polaris Capital Management LLC’s holdings in Tecnoglass were worth $68,292,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TGLS. Yorktown Management & Research Co Inc purchased a new stake in shares of Tecnoglass in the fourth quarter valued at $222,000. R Squared Ltd purchased a new stake in shares of Tecnoglass during the 4th quarter worth about $70,000. Nilsine Partners LLC acquired a new position in shares of Tecnoglass during the 4th quarter valued at $1,322,000. Linden Thomas Advisory Services LLC lifted its stake in shares of Tecnoglass by 22.1% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 14,597 shares of the company’s stock worth $1,158,000 after purchasing an additional 2,646 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in Tecnoglass in the fourth quarter valued at approximately $275,000. Institutional investors and hedge funds own 37.35% of the company’s stock.

Tecnoglass Stock Performance

Shares of TGLS stock opened at $77.99 on Tuesday. 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 fifty-two week low of $40.94 and a fifty-two week high of $86.99. The stock’s 50-day moving average is $80.11 and its two-hundred day moving average is $71.47. The firm has a market cap of $3.67 billion, a P/E ratio of 24.37 and a beta of 1.88.

Tecnoglass Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This is an increase from Tecnoglass’s previous quarterly dividend of $0.11. This represents a $0.60 dividend on an annualized basis and a yield of 0.77%. Tecnoglass’s dividend payout ratio (DPR) is 18.75%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on TGLS shares. DA Davidson boosted their price objective on shares of Tecnoglass from $65.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Raymond James downgraded Tecnoglass from a “strong-buy” rating to a “market perform” rating in a report on Tuesday, October 22nd. Robert W. Baird boosted their target price on shares of Tecnoglass from $85.00 to $88.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. StockNews.com began coverage on Tecnoglass in a report on Saturday, December 14th. They issued a “hold” rating on the stock. Finally, Sidoti cut shares of Tecnoglass from a “buy” rating to a “neutral” rating and set a $78.00 target price for the company. in a research report on Tuesday, October 22nd. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus 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.