Tecnoglass Inc. (NASDAQ:TGLS) Shares Purchased by Signaturefd LLC

Signaturefd LLC lifted its position in Tecnoglass Inc. (NASDAQ:TGLS) by 4,735.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 677 shares of the company’s stock after acquiring an additional 663 shares during the period. Signaturefd LLC’s holdings in Tecnoglass were worth $46,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in TGLS. Amalgamated Bank acquired a new position in shares of Tecnoglass in the 2nd quarter valued at $39,000. X Square Capital LLC increased its position in shares of Tecnoglass by 5.7% in the 2nd quarter. X Square Capital LLC now owns 4,363 shares of the company’s stock valued at $219,000 after acquiring an additional 237 shares during the period. PFG Investments LLC acquired a new position in shares of Tecnoglass in the 2nd quarter valued at $220,000. EntryPoint Capital LLC purchased a new stake in Tecnoglass in the first quarter valued at $227,000. Finally, Tidal Investments LLC purchased a new stake in Tecnoglass in the first quarter valued at $245,000. 37.35% of the stock is owned by institutional investors and hedge funds.

Tecnoglass Price Performance

NASDAQ:TGLS opened at $68.98 on Wednesday. Tecnoglass Inc. has a 52 week low of $28.21 and a 52 week high of $80.51. The company has a quick ratio of 1.80, a current ratio of 2.43 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $3.24 billion, a PE ratio of 19.93 and a beta of 1.86. The stock’s 50-day moving average price is $67.02 and its 200-day moving average price is $57.48.

Tecnoglass (NASDAQ:TGLS) last posted its earnings results on Thursday, August 8th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. Tecnoglass had a return on equity of 28.12% and a net margin of 17.97%. The firm had revenue of $219.65 million for the quarter, compared to analysts’ expectations of $219.29 million. During the same period last year, the firm earned $1.12 EPS. The company’s quarterly revenue was down 2.5% on a year-over-year basis. As a group, equities analysts expect that Tecnoglass Inc. will post 3.44 EPS for the current fiscal year.

Tecnoglass Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.64%. The ex-dividend date is Monday, September 30th. Tecnoglass’s payout ratio is 12.68%.

Analyst Upgrades and Downgrades

TGLS has been the topic of several recent research reports. Raymond James lowered shares of Tecnoglass from a “strong-buy” rating to a “market perform” rating in a report on Tuesday, October 22nd. Sidoti lowered shares of Tecnoglass from a “buy” rating to a “neutral” rating and set a $78.00 price target on the stock. in a report on Tuesday, October 22nd. B. Riley reaffirmed a “neutral” rating and issued a $72.00 price target (up from $69.00) on shares of Tecnoglass in a report on Thursday, October 10th. Stifel Nicolaus upped their price target on shares of Tecnoglass from $50.00 to $59.00 and gave the company a “hold” rating in a report on Friday, August 9th. Finally, Robert W. Baird upped their price target on shares of Tecnoglass from $76.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $67.33.

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.