Calamos Advisors LLC Acquires 3,343 Shares of Tecnoglass Inc. (NASDAQ:TGLS)

Calamos Advisors LLC boosted its holdings in shares of Tecnoglass Inc. (NASDAQ:TGLS) by 3.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 105,491 shares of the company’s stock after purchasing an additional 3,343 shares during the quarter. Calamos Advisors LLC’s holdings in Tecnoglass were worth $4,822,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. HBK Sorce Advisory LLC bought a new stake in Tecnoglass during the 4th quarter valued at approximately $234,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Tecnoglass by 19.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 48,826 shares of the company’s stock valued at $2,232,000 after purchasing an additional 8,074 shares during the period. Kingswood Wealth Advisors LLC bought a new stake in Tecnoglass during the 4th quarter valued at approximately $640,000. Exchange Traded Concepts LLC bought a new stake in Tecnoglass during the 4th quarter valued at approximately $410,000. Finally, Riverwater Partners LLC boosted its stake in Tecnoglass by 1.1% during the 4th quarter. Riverwater Partners LLC now owns 52,541 shares of the company’s stock valued at $2,410,000 after purchasing an additional 565 shares during the period. Institutional investors own 37.35% of the company’s stock.

Tecnoglass Price Performance

Shares of TGLS stock opened at $54.71 on Friday. Tecnoglass Inc. has a 12 month low of $28.21 and a 12 month high of $59.76. The company has a current ratio of 2.27, a quick ratio of 1.60 and a debt-to-equity ratio of 0.30. The stock has a 50 day moving average of $49.45 and a two-hundred day moving average of $42.71. The company has a market capitalization of $2.57 billion, a P/E ratio of 14.21 and a beta of 1.80.

Tecnoglass (NASDAQ:TGLS) last issued its earnings results on Thursday, February 29th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.05. Tecnoglass had a return on equity of 38.92% and a net margin of 21.95%. The business had revenue of $194.60 million during the quarter, compared to analysts’ expectations of $199.93 million. As a group, equities analysts expect that Tecnoglass Inc. will post 3.7 EPS for the current year.

Tecnoglass Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, March 29th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This is a boost from Tecnoglass’s previous quarterly dividend of $0.09. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.80%. Tecnoglass’s dividend payout ratio is presently 11.43%.

Analysts Set New Price Targets

Several brokerages recently weighed in on TGLS. B. Riley increased their target price on Tecnoglass from $51.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. DA Davidson reiterated a “buy” rating and issued a $50.00 price objective on shares of Tecnoglass in a research report on Monday, March 4th. Stifel Nicolaus downgraded Tecnoglass from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $48.00 to $45.00 in a research report on Wednesday, February 14th. Finally, Robert W. Baird raised their price objective on Tecnoglass from $56.00 to $65.00 and gave the stock an “outperform” rating in a research report on Thursday. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $54.00.

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.