GSA Capital Partners LLP Purchases 14,545 Shares of Tecnoglass Inc. (NASDAQ:TGLS)

GSA Capital Partners LLP grew its position in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 262.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,089 shares of the company's stock after buying an additional 14,545 shares during the quarter. GSA Capital Partners LLP's holdings in Tecnoglass were worth $1,379,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. William Blair Investment Management LLC lifted its position in shares of Tecnoglass by 8.7% during the 2nd quarter. William Blair Investment Management LLC now owns 1,754,892 shares of the company's stock worth $88,060,000 after buying an additional 140,112 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Tecnoglass by 12.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 884,527 shares of the company's stock worth $44,385,000 after buying an additional 96,602 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Tecnoglass by 2.3% during the 1st quarter. Clearbridge Investments LLC now owns 389,876 shares of the company's stock worth $20,285,000 after buying an additional 8,913 shares in the last quarter. Ensign Peak Advisors Inc lifted its position in shares of Tecnoglass by 219.7% during the 2nd quarter. Ensign Peak Advisors Inc now owns 218,189 shares of the company's stock worth $10,949,000 after buying an additional 149,933 shares in the last quarter. Finally, Impax Asset Management Group plc lifted its position in shares of Tecnoglass by 65.0% during the 3rd quarter. Impax Asset Management Group plc now owns 165,000 shares of the company's stock worth $11,329,000 after buying an additional 65,000 shares in the last quarter. Institutional investors own 37.35% of the company's stock.

Tecnoglass Stock Performance

Tecnoglass stock traded down $0.44 during mid-day trading on Thursday, reaching $73.39. The company's stock had a trading volume of 129,170 shares, compared to its average volume of 371,321. The firm's fifty day moving average price is $69.57 and its two-hundred day moving average price is $58.76. The company has a market capitalization of $3.45 billion, a P/E ratio of 23.07 and a beta of 1.86. 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 $33.19 and a 12-month high of $80.51.

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 analysts' consensus estimates of $0.97 by $0.11. The firm had revenue of $237.90 million during 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% on a year-over-year basis. During the same period in the previous year, the business earned $0.98 EPS. Sell-side analysts predict that Tecnoglass Inc. will post 3.55 EPS for the current fiscal year.

Tecnoglass Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were given a $0.11 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.44 annualized dividend and a yield of 0.60%. Tecnoglass's dividend payout ratio (DPR) is presently 13.75%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Raymond James cut shares of Tecnoglass from a "strong-buy" rating to a "market perform" rating in a research report on Tuesday, October 22nd. B. Riley reaffirmed a "neutral" rating and issued a $72.00 price target (up previously from $69.00) on shares of Tecnoglass in a report on Thursday, October 10th. DA Davidson lifted their price target on shares of Tecnoglass from $65.00 to $90.00 and gave the stock a "buy" rating in a report on Tuesday. Stifel Nicolaus lifted their price target on shares of Tecnoglass from $50.00 to $59.00 and gave the stock a "hold" rating in a report on Friday, August 9th. Finally, Sidoti cut shares of 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. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Tecnoglass presently has an average rating of "Hold" and an average price target of $77.40.

Insider Buying and Selling

In related news, Director Julio A. Torres sold 30,520 shares of the company's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $72.83, for a total value of $2,222,771.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Tecnoglass news, major shareholder Holding Corp Energy sold 1,432,120 shares of the business'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 completion of the sale, the insider now directly owns 23,195,988 shares of the company's stock, valued at $1,693,771,043.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Julio A. Torres sold 30,520 shares of the business's stock in a transaction on Tuesday, November 12th. The stock was 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 company 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.