Oppenheimer & Co. Inc. Purchases Shares of 3,340 Tecnoglass Inc. (NASDAQ:TGLS)

Oppenheimer & Co. Inc. bought a new stake in Tecnoglass Inc. (NASDAQ:TGLS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,340 shares of the company’s stock, valued at approximately $265,000.

Several other hedge funds have also made changes to their positions in TGLS. USA Financial Formulas bought a new stake in shares of Tecnoglass in the fourth quarter valued at about $26,000. R Squared Ltd bought a new stake in shares of Tecnoglass in the fourth quarter valued at about $70,000. DGS Capital Management LLC bought a new stake in shares of Tecnoglass in the third quarter valued at about $204,000. Ifrah Financial Services Inc. bought a new stake in shares of Tecnoglass in the fourth quarter valued at about $214,000. Finally, Yorktown Management & Research Co Inc bought a new stake in shares of Tecnoglass in the fourth quarter valued at about $222,000. Institutional investors own 37.35% of the company’s stock.

Analyst Ratings Changes

TGLS has been the subject of several research reports. StockNews.com began coverage on shares of Tecnoglass in a research note on Saturday, December 14th. They issued a “hold” rating for the company. DA Davidson increased their price target on shares of Tecnoglass from $65.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $77.40.

Tecnoglass Price Performance

Shares of TGLS stock opened at $65.84 on Friday. The firm’s 50 day moving average price is $76.18 and its two-hundred day moving average price is $73.52. The stock has a market cap of $3.09 billion, a PE ratio of 20.58 and a beta of 1.94. Tecnoglass Inc. has a 52-week low of $40.94 and a 52-week high of $86.99. 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 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.91%. This is a boost from Tecnoglass’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Tuesday, December 31st. Tecnoglass’s dividend payout ratio (DPR) 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.