Tecnoglass Inc. to Issue Dividend of $0.13 (TGLS)
Tecnoglass Inc. (NASDAQ:TGLS) announced a dividend on Thursday, May 11th, Fidelity reports. Stockholders of record on Friday, June 30th will be paid a dividend of 0.125 per share on Friday, July 28th. The ex-dividend date is Wednesday, June 28th.
Shares of Tecnoglass (TGLS) remained flat at $9.30 during mid-day trading on Friday. The company had a trading volume of 20,853 shares. The stock has a market capitalization of $311.43 million, a PE ratio of 29.06 and a beta of 0.43. The company’s 50 day moving average is $9.93 and its 200-day moving average is $11.02. Tecnoglass has a 52 week low of $9.00 and a 52 week high of $12.93.
Separately, Zacks Investment Research downgraded shares of Tecnoglass from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 30th.
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In related news, Director Martha L. Byorum sold 5,000 shares of the firm’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $9.27, for a total transaction of $46,350.00. Following the transaction, the director now directly owns 110,579 shares in the company, valued at $1,025,067.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 67.20% of the company’s stock.
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