Nilsine Partners LLC Invests $1.32 Million in Tecnoglass Inc. (NASDAQ:TGLS)

Nilsine Partners LLC bought a new stake in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 16,667 shares of the company's stock, valued at approximately $1,322,000.

Several other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. purchased a new stake in shares of Tecnoglass during the 3rd quarter valued at $2,211,000. Tidal Investments LLC bought a new position in shares of Tecnoglass in the third quarter worth approximately $585,000. Barclays PLC increased its position in shares of Tecnoglass by 32.2% in the third quarter. Barclays PLC now owns 35,376 shares of the company's stock valued at $2,429,000 after acquiring an additional 8,613 shares during the period. The Manufacturers Life Insurance Company bought a new position in Tecnoglass during the 2nd quarter valued at approximately $589,000. Finally, GSA Capital Partners LLP boosted its holdings in Tecnoglass by 262.4% in the third quarter. GSA Capital Partners LLP now owns 20,089 shares of the company's stock valued at $1,379,000 after acquiring an additional 14,545 shares in the last quarter. Institutional investors own 37.35% of the company's stock.

Tecnoglass Stock Performance

NASDAQ:TGLS traded down $0.59 during trading hours on Wednesday, reaching $77.71. The company had a trading volume of 161,146 shares, compared to its average volume of 285,303. The firm has a market cap of $3.65 billion, a PE ratio of 24.28 and a beta of 1.90. Tecnoglass Inc. has a 1-year low of $40.94 and a 1-year high of $86.99. The business's 50 day moving average price is $80.56 and its 200-day moving average price is $70.01. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.21 and a quick ratio of 1.63.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last announced 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. The firm had revenue of $237.90 million for the quarter, compared to analyst estimates of $240.19 million. Tecnoglass had a return on equity of 27.71% and a net margin of 17.82%. The business's revenue was up 13.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.98 EPS. Research analysts forecast that Tecnoglass Inc. will post 3.55 EPS for the current year.

Tecnoglass Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.77%. This is a positive change from Tecnoglass's previous quarterly dividend of $0.11. The ex-dividend date is Tuesday, December 31st. Tecnoglass's payout ratio is presently 18.75%.

Insider Buying and Selling at Tecnoglass

In other news, major shareholder Holding Corp Energy sold 1,432,120 shares of the firm's stock in a transaction on 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 sale, the insider now directly owns 23,195,988 shares in the company, valued at approximately $1,693,771,043.76. This trade represents a 5.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Julio A. Torres sold 30,520 shares of the company's stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $72.83, for a total value of $2,222,771.60. The disclosure for this sale can be found here. Company insiders own 0.25% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Sidoti cut Tecnoglass from a "buy" rating to a "neutral" rating and set a $78.00 price target on the stock. in a research report on Tuesday, October 22nd. DA Davidson increased their price target on Tecnoglass from $65.00 to $90.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. StockNews.com initiated coverage on shares of Tecnoglass in a report on Saturday, December 14th. They issued a "hold" rating on the stock. B. Riley reaffirmed a "neutral" rating and issued a $72.00 price objective (up previously from $69.00) on shares of Tecnoglass in a research note on Thursday, October 10th. Finally, Robert W. Baird boosted their price objective on Tecnoglass from $85.00 to $88.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Tecnoglass has a consensus rating of "Hold" and an average target price of $77.40.

Tecnoglass Company 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.