Hollencrest Capital Management purchased a new stake in shares of Tecnoglass Inc. (NASDAQ:TGLS – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,158 shares of the company’s stock, valued at approximately $111,000.
Several other institutional investors have also bought and sold shares of the business. Tower Research Capital LLC TRC purchased a new stake in shares of Tecnoglass during the 3rd quarter valued at about $28,000. BNP Paribas Arbitrage SA purchased a new stake in Tecnoglass during the first quarter valued at approximately $29,000. BNP Paribas Arbitrage SNC bought a new stake in shares of Tecnoglass in the 3rd quarter valued at approximately $65,000. Castleview Partners LLC purchased a new position in shares of Tecnoglass in the 1st quarter worth approximately $66,000. Finally, UBS Group AG increased its position in shares of Tecnoglass by 104.4% during the 3rd quarter. UBS Group AG now owns 3,758 shares of the company’s stock valued at $79,000 after purchasing an additional 1,919 shares during the last quarter. Institutional investors own 23.64% of the company’s stock.
Analyst Ratings Changes
Several research firms have commented on TGLS. Stifel Nicolaus dropped their price objective on shares of Tecnoglass from $57.00 to $46.00 and set a “buy” rating for the company in a research note on Tuesday, November 7th. Raymond James cut their price target on shares of Tecnoglass from $52.00 to $45.00 and set a “strong-buy” rating on the stock in a report on Tuesday, November 7th. Finally, StockNews.com assumed coverage on shares of Tecnoglass in a research note on Thursday, October 5th. They issued a “hold” rating for the company.
Tecnoglass Trading Up 3.7 %
Shares of NASDAQ TGLS traded up $1.26 during mid-day trading on Friday, reaching $35.69. The company had a trading volume of 208,117 shares, compared to its average volume of 425,103. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 8.42 and a beta of 1.83. Tecnoglass Inc. has a 52 week low of $26.54 and a 52 week high of $54.40. The business’s 50-day moving average is $33.46 and its 200-day moving average is $40.29. The company has a current ratio of 2.25, a quick ratio of 1.55 and a debt-to-equity ratio of 0.32.
Tecnoglass (NASDAQ:TGLS – Get Free Report) last issued its earnings results on Monday, November 6th. The company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.01. Tecnoglass had a net margin of 23.71% and a return on equity of 46.61%. The business had revenue of $210.30 million for the quarter, compared to the consensus estimate of $206.25 million. During the same period in the prior year, the firm earned $1.01 EPS. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. Equities analysts expect that Tecnoglass Inc. will post 3.93 earnings per share for the current year.
Tecnoglass Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was Thursday, September 28th. Tecnoglass’s dividend payout ratio (DPR) is presently 8.49%.
Tecnoglass Company Profile
Tecnoglass Inc, through its subsidiaries, designs, produces, markets, and installs architectural systems for the commercial and residential construction industries in Colombia, the United States, Panama, and internationally. The company offers low emissivity, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass products.
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