SG Americas Securities LLC Boosts Stock Position in Tecnoglass Inc. (NASDAQ:TGLS)

SG Americas Securities LLC raised its holdings in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 48.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,554 shares of the company's stock after purchasing an additional 3,445 shares during the quarter. SG Americas Securities LLC's holdings in Tecnoglass were worth $837,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. USA Financial Formulas acquired a new position in Tecnoglass in the 4th quarter valued at $26,000. Signaturefd LLC grew its stake in shares of Tecnoglass by 4,735.7% in the third quarter. Signaturefd LLC now owns 677 shares of the company's stock valued at $46,000 after acquiring an additional 663 shares in the last quarter. Amalgamated Bank bought a new position in Tecnoglass during the second quarter worth about $39,000. DGS Capital Management LLC acquired a new stake in Tecnoglass in the 3rd quarter worth about $204,000. Finally, International Assets Investment Management LLC bought a new stake in Tecnoglass in the 4th quarter valued at about $243,000. 37.35% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Tecnoglass news, Director Julio A. Torres sold 30,520 shares of the firm's stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Holding Corp Energy sold 1,432,120 shares of the stock in a transaction that occurred 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 approximately $1,693,771,043.76. This represents a 5.81 % decrease in their position. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by insiders.

Tecnoglass Trading Up 0.3 %

Tecnoglass stock traded up $0.22 during mid-day trading on Thursday, hitting $77.77. The company's stock had a trading volume of 243,475 shares, compared to its average volume of 283,099. The stock has a market cap of $3.65 billion, a PE ratio of 24.30 and a beta of 1.90. Tecnoglass Inc. has a one year low of $40.94 and a one year high of $86.99. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.63 and a current ratio of 2.21. The company has a 50 day moving average of $80.56 and a 200-day moving average of $70.01.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $1.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.11. Tecnoglass had a net margin of 17.82% and a return on equity of 27.71%. The company had revenue of $237.90 million during the quarter, compared to analyst estimates of $240.19 million. During the same period in the prior year, the firm earned $0.98 earnings per share. The firm's revenue for the quarter was up 13.1% compared to the same quarter last year. On average, research analysts anticipate 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. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.77%. This is a positive change from Tecnoglass's previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Tuesday, December 31st. Tecnoglass's payout ratio is 18.75%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TGLS. Sidoti cut shares of Tecnoglass from a "buy" rating to a "neutral" rating and set a $78.00 price objective for the company. in a research report on Tuesday, October 22nd. B. Riley reissued a "neutral" rating and set a $72.00 price objective (up from $69.00) on shares of Tecnoglass in a report on Thursday, October 10th. StockNews.com started coverage on shares of Tecnoglass in a research note on Saturday, December 14th. 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 note on Tuesday, October 22nd. Finally, DA Davidson raised their target price on shares of Tecnoglass from $65.00 to $90.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target 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.