Sanctuary Advisors LLC Sells 518 Shares of Tecnoglass Inc. (NASDAQ:TGLS)

Sanctuary Advisors LLC reduced its holdings in shares of Tecnoglass Inc. (NASDAQ:TGLS) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,963 shares of the company’s stock after selling 518 shares during the quarter. Sanctuary Advisors LLC’s holdings in Tecnoglass were worth $1,550,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Nations Financial Group Inc. IA ADV lifted its stake in Tecnoglass by 3.0% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 9,882 shares of the company’s stock valued at $784,000 after acquiring an additional 286 shares during the period. Legato Capital Management LLC lifted its position in Tecnoglass by 109.2% during the fourth quarter. Legato Capital Management LLC now owns 9,790 shares of the company’s stock valued at $777,000 after purchasing an additional 5,110 shares during the period. Polaris Capital Management LLC grew its position in Tecnoglass by 2.5% in the 4th quarter. Polaris Capital Management LLC now owns 860,964 shares of the company’s stock worth $68,292,000 after purchasing an additional 20,800 shares during the period. Yorktown Management & Research Co Inc bought a new position in shares of Tecnoglass during the 4th quarter valued at $222,000. Finally, R Squared Ltd purchased a new position in shares of Tecnoglass in the 4th quarter worth $70,000. 37.35% of the stock is owned by hedge funds and other institutional investors.

Tecnoglass Stock Down 1.0 %

NASDAQ TGLS opened at $68.52 on Tuesday. Tecnoglass Inc. has a 12 month low of $40.94 and a 12 month high of $86.99. 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 cap of $3.22 billion, a PE ratio of 21.41 and a beta of 1.88. The stock’s 50 day moving average is $78.12 and its 200 day moving average is $72.97.

Tecnoglass Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.15 per share. This is a positive change from Tecnoglass’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.88%. Tecnoglass’s dividend payout ratio is currently 18.75%.

Analysts Set New Price Targets

A number of research firms have issued reports on TGLS. DA Davidson boosted their price target on Tecnoglass from $65.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Robert W. Baird upped their target price on shares of Tecnoglass from $85.00 to $88.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, StockNews.com began coverage on shares of Tecnoglass in a research note on Saturday, December 14th. They set a “hold” rating on the stock. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus 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.