Tecnoglass Inc. (NASDAQ:TGLS) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors reduced its position in Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 65.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,320 shares of the company's stock after selling 8,365 shares during the period. Captrust Financial Advisors' holdings in Tecnoglass were worth $297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Amalgamated Bank purchased a new position in Tecnoglass during the second quarter valued at $39,000. Signaturefd LLC lifted its position in Tecnoglass by 4,735.7% during the third quarter. Signaturefd LLC now owns 677 shares of the company's stock valued at $46,000 after purchasing an additional 663 shares in the last quarter. X Square Capital LLC lifted its position in Tecnoglass by 5.7% during the second quarter. X Square Capital LLC now owns 4,363 shares of the company's stock valued at $219,000 after purchasing an additional 237 shares in the last quarter. PFG Investments LLC purchased a new position in Tecnoglass during the second quarter valued at $220,000. Finally, Crossmark Global Holdings Inc. raised its holdings in Tecnoglass by 3.2% during the second quarter. Crossmark Global Holdings Inc. now owns 7,066 shares of the company's stock valued at $355,000 after acquiring an additional 220 shares during the period. 37.35% of the stock is currently owned by hedge funds and other institutional investors.

Tecnoglass Stock Down 1.1 %

NASDAQ:TGLS traded down $0.91 during trading hours on Friday, reaching $83.72. The company's stock had a trading volume of 271,257 shares, compared to its average volume of 361,765. The company has a market capitalization of $3.93 billion, a P/E ratio of 26.16 and a beta of 1.89. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.63 and a current ratio of 2.21. Tecnoglass Inc. has a 12 month low of $40.49 and a 12 month high of $86.08. The stock has a 50 day moving average price of $75.66 and a two-hundred day moving average price of $62.67.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported $1.08 EPS for the quarter, beating the consensus estimate of $0.97 by $0.11. The firm had revenue of $237.90 million for the quarter, compared to analyst estimates of $240.19 million. Tecnoglass had a net margin of 17.82% and a return on equity of 27.71%. The business's revenue for the quarter was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.98 EPS. Equities analysts predict that Tecnoglass Inc. will post 3.55 EPS for the current fiscal year.

Tecnoglass Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a $0.15 dividend. This is an increase from Tecnoglass's previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.60 annualized dividend and a dividend yield of 0.72%. Tecnoglass's payout ratio is 13.75%.

Analyst Upgrades and Downgrades

A number of research firms have commented on TGLS. B. Riley reissued a "neutral" rating and set a $72.00 price target (up from $69.00) on shares of Tecnoglass in a report on Thursday, October 10th. Sidoti cut 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. StockNews.com assumed coverage on Tecnoglass in a report on Saturday. They issued a "hold" rating on the stock. Raymond James lowered Tecnoglass from a "strong-buy" rating to a "market perform" rating in a research report on Tuesday, October 22nd. Finally, DA Davidson lifted their price target on Tecnoglass from $65.00 to $90.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $77.40.

Insider Activity at Tecnoglass

In other news, major shareholder Holding Corp Energy sold 1,432,120 shares of the company's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $73.02, for a total value of $104,573,402.40. Following the completion of the sale, the insider now directly owns 23,195,988 shares of the company's stock, valued at approximately $1,693,771,043.76. This represents a 5.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Julio A. Torres sold 30,520 shares of the company's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $72.83, for a total transaction of $2,222,771.60. The disclosure for this sale can be found here. 0.25% of the stock is owned by corporate insiders.

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.