Martha L. Byorum Sells 7,000 Shares of Tecnoglass Inc. (NASDAQ:TGLS) Stock

Tecnoglass Inc. (NASDAQ:TGLS) Director Martha L. Byorum sold 7,000 shares of the stock in a transaction on Monday, November 20th. The shares were sold at an average price of $7.09, for a total transaction of $49,630.00. Following the sale, the director now directly owns 113,651 shares of the company’s stock, valued at approximately $805,785.59. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Tecnoglass Inc. (TGLS) traded down $0.08 during trading hours on Thursday, reaching $7.36. 29,377 shares of the company’s stock were exchanged, compared to its average volume of 42,185. Tecnoglass Inc. has a 1-year low of $5.50 and a 1-year high of $12.34. The company has a market cap of $253.43, a price-to-earnings ratio of 16.82, a P/E/G ratio of 0.86 and a beta of 0.51. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.74 and a current ratio of 2.38.

Several research firms have recently commented on TGLS. BidaskClub raised shares of Tecnoglass from a “sell” rating to a “hold” rating in a research report on Thursday. ValuEngine upgraded shares of Tecnoglass from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded shares of Tecnoglass from a “hold” rating to a “buy” rating and set a $8.00 price target for the company in a research note on Wednesday, November 22nd. Finally, Dougherty & Co lowered shares of Tecnoglass from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 15th.

Several hedge funds have recently made changes to their positions in TGLS. Boston Partners bought a new stake in shares of Tecnoglass in the second quarter worth approximately $975,000. Kennedy Capital Management Inc. boosted its holdings in shares of Tecnoglass by 113.9% in the second quarter. Kennedy Capital Management Inc. now owns 292,636 shares of the company’s stock worth $2,727,000 after buying an additional 155,847 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Tecnoglass by 36.7% in the second quarter. Wells Fargo & Company MN now owns 22,001 shares of the company’s stock worth $205,000 after buying an additional 5,902 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Tecnoglass by 15.6% in the second quarter. Northern Trust Corp now owns 34,006 shares of the company’s stock worth $317,000 after buying an additional 4,588 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Tecnoglass by 24.6% in the second quarter. Vanguard Group Inc. now owns 77,402 shares of the company’s stock worth $722,000 after buying an additional 15,261 shares during the last quarter. Hedge funds and other institutional investors own 2.56% of the company’s stock.

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Tecnoglass Company Profile

Tecnoglass Inc, through its subsidiaries, manufactures and sells architectural glass and windows for residential and commercial construction industries in North, Central, and South America. The company offers soft coat, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass.

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