Signaturefd LLC Increases Position in Tecnoglass Inc. (NASDAQ:TGLS)

Signaturefd LLC raised its holdings in shares of Tecnoglass Inc. (NASDAQ:TGLS) by 4,735.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 677 shares of the company’s stock after buying an additional 663 shares during the period. Signaturefd LLC’s holdings in Tecnoglass were worth $46,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TGLS. Amalgamated Bank purchased a new position in shares of Tecnoglass during the second quarter valued at approximately $39,000. X Square Capital LLC boosted its holdings in shares of Tecnoglass by 5.7% in the second quarter. X Square Capital LLC now owns 4,363 shares of the company’s stock valued at $219,000 after purchasing an additional 237 shares during the period. PFG Investments LLC purchased a new stake in shares of Tecnoglass in the second quarter valued at approximately $220,000. EntryPoint Capital LLC purchased a new stake in shares of Tecnoglass in the first quarter valued at approximately $227,000. Finally, Tidal Investments LLC purchased a new stake in shares of Tecnoglass in the first quarter valued at approximately $245,000. Hedge funds and other institutional investors own 37.35% of the company’s stock.

Analyst Upgrades and Downgrades

TGLS has been the subject of a number of research reports. DA Davidson boosted their price target on Tecnoglass from $60.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Stifel Nicolaus boosted their price target on Tecnoglass from $50.00 to $59.00 and gave the company a “hold” rating in a report on Friday, August 9th. Raymond James lowered Tecnoglass from a “strong-buy” rating to a “market perform” rating in a report on Tuesday, October 22nd. Sidoti lowered Tecnoglass from a “buy” rating to a “neutral” rating and set a $78.00 target price for the company. in a report on Tuesday, October 22nd. Finally, B. Riley restated a “neutral” rating and set a $72.00 target price (up previously from $69.00) on shares of Tecnoglass in a report on Thursday, October 10th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Tecnoglass presently has an average rating of “Hold” and an average target price of $67.33.

Tecnoglass Stock Down 1.3 %

Tecnoglass stock opened at $68.98 on Wednesday. The business has a fifty day moving average of $67.02 and a two-hundred day moving average of $57.48. The firm has a market cap of $3.24 billion, a P/E ratio of 19.93 and a beta of 1.86. The company has a quick ratio of 1.80, a current ratio of 2.43 and a debt-to-equity ratio of 0.24. Tecnoglass Inc. has a twelve month low of $28.21 and a twelve month high of $80.51.

Tecnoglass (NASDAQ:TGLS) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. The business had revenue of $219.65 million for the quarter, compared to the consensus estimate of $219.29 million. Tecnoglass had a return on equity of 28.12% and a net margin of 17.97%. The business’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.12 earnings per share. On average, analysts forecast that Tecnoglass Inc. will post 3.44 earnings per share for the current fiscal year.

Tecnoglass Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend is Monday, September 30th. Tecnoglass’s payout ratio is presently 12.68%.

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.