Lisanti Capital Growth LLC Takes $1.89 Million Position in Tecnoglass Inc. (NASDAQ:TGLS)

Lisanti Capital Growth LLC bought a new position in Tecnoglass Inc. (NASDAQ:TGLS - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 27,555 shares of the company's stock, valued at approximately $1,892,000. Lisanti Capital Growth LLC owned 0.06% of Tecnoglass as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Amalgamated Bank purchased a new position in shares of Tecnoglass in the second quarter worth approximately $39,000. Signaturefd LLC raised its holdings in Tecnoglass by 4,735.7% in the third quarter. Signaturefd LLC now owns 677 shares of the company's stock worth $46,000 after purchasing an additional 663 shares in the last quarter. X Square Capital LLC lifted its holdings in shares of Tecnoglass by 5.7% during the second quarter. X Square Capital LLC now owns 4,363 shares of the company's stock worth $219,000 after purchasing an additional 237 shares during the period. PFG Investments LLC purchased a new position in Tecnoglass in the second quarter valued at $220,000. Finally, EntryPoint Capital LLC purchased a new position in shares of Tecnoglass during the 1st quarter valued at approximately $227,000. 37.35% of the stock is currently owned by institutional investors.

Tecnoglass Price Performance

TGLS stock traded up $3.37 during trading on Monday, hitting $79.37. The company had a trading volume of 233,622 shares, compared to its average volume of 368,854. The company has a current ratio of 2.43, a quick ratio of 1.80 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $3.73 billion, a price-to-earnings ratio of 23.75 and a beta of 1.86. The business has a 50 day moving average of $68.66 and a 200 day moving average of $58.35. Tecnoglass Inc. has a fifty-two week low of $32.69 and a fifty-two week high of $80.51.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $1.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.11. Tecnoglass had a return on equity of 28.12% and a net margin of 17.97%. The firm had revenue of $237.90 million for the quarter, compared to analyst estimates of $240.19 million. During the same quarter last year, the firm posted $0.98 EPS. The company's revenue was up 13.1% on a year-over-year basis. As a group, research analysts predict that Tecnoglass Inc. will post 3.46 earnings per share for the current year.

Tecnoglass Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Monday, September 30th. Tecnoglass's dividend payout ratio is 13.75%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on TGLS shares. Robert W. Baird raised their target price on Tecnoglass from $85.00 to $88.00 and gave the stock an "outperform" rating in a research note on Friday. DA Davidson raised their price target on Tecnoglass from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday, August 13th. Sidoti downgraded Tecnoglass from a "buy" rating to a "neutral" rating and set a $78.00 price objective for the company. in a report on Tuesday, October 22nd. B. Riley reiterated a "neutral" rating and issued a $72.00 price target (up previously from $69.00) on shares of Tecnoglass in a research report on Thursday, October 10th. Finally, Stifel Nicolaus raised their price objective on shares of Tecnoglass from $50.00 to $59.00 and gave the stock a "hold" rating in a research report on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $72.40.

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.