Tidal Investments LLC Takes Position in Tecnoglass Inc. (NASDAQ:TGLS)

Tidal Investments LLC bought a new position in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,521 shares of the company's stock, valued at approximately $585,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TGLS. Amalgamated Bank purchased a new stake in Tecnoglass in the second quarter valued at approximately $39,000. Signaturefd LLC grew its position in Tecnoglass by 4,735.7% in the 3rd 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. X Square Capital LLC increased its stake in 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 acquired a new stake in shares of Tecnoglass during the second quarter worth about $220,000. Finally, Wolverine Trading LLC purchased a new position in shares of Tecnoglass in the third quarter valued at approximately $225,000. Hedge funds and other institutional investors own 37.35% of the company's stock.

Insider Transactions at Tecnoglass

In other Tecnoglass news, Director Julio A. Torres sold 30,520 shares of Tecnoglass stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $72.83, for a total value of $2,222,771.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Holding Corp Energy sold 1,432,120 shares of the company's stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $73.02, for a total value of $104,573,402.40. Following the sale, the insider now owns 23,195,988 shares of the company's stock, valued at $1,693,771,043.76. This trade represents a 5.81 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.25% of the company's stock.

Tecnoglass Stock Down 0.2 %

TGLS stock traded down $0.16 during trading on Monday, hitting $79.90. 153,390 shares of the company's stock were exchanged, compared to its average volume of 359,498. The business has a 50-day moving average price of $76.61 and a two-hundred day moving average price of $64.02. The company has a current ratio of 2.21, a quick ratio of 1.63 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $3.75 billion, a price-to-earnings ratio of 24.97 and a beta of 1.89. Tecnoglass Inc. has a 52-week low of $40.94 and a 52-week high of $86.08.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $1.08 EPS for the quarter, topping 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%. Tecnoglass's revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period last year, the business earned $0.98 EPS. As a group, equities research analysts expect that Tecnoglass Inc. will post 3.55 EPS for the current year.

Tecnoglass Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be issued a $0.15 dividend. This is an increase from Tecnoglass's previous quarterly dividend of $0.11. This represents a $0.60 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Tuesday, December 31st. Tecnoglass's dividend payout ratio is presently 18.75%.

Analysts Set New Price Targets

TGLS has been the topic of a number of research reports. Raymond James lowered shares of Tecnoglass from a "strong-buy" rating to a "market perform" rating in a report on Tuesday, October 22nd. StockNews.com started coverage on Tecnoglass in a research note on Saturday, December 14th. They issued a "hold" rating on the stock. Robert W. Baird boosted their target price on Tecnoglass from $85.00 to $88.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. DA Davidson increased their price target on Tecnoglass from $65.00 to $90.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Finally, Sidoti downgraded 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. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus 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.