Tecnoglass Inc (NASDAQ:TGLS) Director Martha L. Byorum sold 1,500 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $7.39, for a total transaction of $11,085.00. Following the completion of the sale, the director now directly owns 72,564 shares in the company, valued at approximately $536,247.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
NASDAQ TGLS traded down $0.04 on Friday, hitting $7.41. 45,500 shares of the stock were exchanged, compared to its average volume of 63,828. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.41 and a quick ratio of 1.75. The business’s fifty day moving average is $7.20 and its 200 day moving average is $7.22. Tecnoglass Inc has a 52 week low of $6.08 and a 52 week high of $10.08. The company has a market capitalization of $331.07 million, a PE ratio of 8.72, a P/E/G ratio of 0.45 and a beta of 0.97.
Tecnoglass (NASDAQ:TGLS) last posted its quarterly earnings results on Friday, August 9th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.02. Tecnoglass had a net margin of 4.04% and a return on equity of 21.77%. The firm had revenue of $113.88 million for the quarter, compared to analyst estimates of $97.53 million. Analysts predict that Tecnoglass Inc will post 0.74 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, July 31st were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 7.56%. The ex-dividend date was Tuesday, July 30th. Tecnoglass’s dividend payout ratio (DPR) is currently 65.88%.
A number of hedge funds and other institutional investors have recently bought and sold shares of TGLS. Monarch Partners Asset Management LLC bought a new stake in Tecnoglass during the first quarter worth $746,000. Pinnacle Associates Ltd. acquired a new position in shares of Tecnoglass in the first quarter valued at $256,000. Formula Growth Ltd. acquired a new position in shares of Tecnoglass in the first quarter valued at $2,912,000. National Investment Services Inc. WI increased its holdings in shares of Tecnoglass by 72.6% in the second quarter. National Investment Services Inc. WI now owns 104,936 shares of the company’s stock valued at $681,000 after purchasing an additional 44,140 shares during the last quarter. Finally, JPMorgan Chase & Co. acquired a new position in shares of Tecnoglass in the second quarter valued at $69,000. 12.70% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have recently commented on the stock. Dougherty & Co reissued a “buy” rating on shares of Tecnoglass in a research report on Thursday, August 22nd. Zacks Investment Research lowered shares of Tecnoglass from a “buy” rating to a “hold” rating in a research report on Thursday, August 29th. Raymond James raised shares of Tecnoglass from an “outperform” rating to a “strong-buy” rating and set a $10.00 price target on the stock in a research report on Monday, July 1st. DA Davidson initiated coverage on shares of Tecnoglass in a research report on Thursday, May 30th. They set a “buy” rating and a $9.00 price target on the stock. Finally, Robert W. Baird set a $11.00 price target on shares of Tecnoglass and gave the stock a “buy” rating in a research report on Monday, August 12th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $10.67.
Tecnoglass Company Profile
Tecnoglass Inc, through its subsidiaries, manufactures, supplies, and installs architectural glass, windows, and associated aluminum products for the commercial and residential construction industries in North, Central, and South America. The company offers low emissivity, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass products.
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