Linden Thomas Advisory Services LLC Raises Stock Holdings in Tecnoglass Inc. (NASDAQ:TGLS)

Linden Thomas Advisory Services LLC boosted its holdings in shares of Tecnoglass Inc. (NASDAQ:TGLS) by 22.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,597 shares of the company’s stock after purchasing an additional 2,646 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Tecnoglass were worth $1,158,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. USA Financial Formulas purchased a new position in shares of Tecnoglass in the fourth quarter valued at approximately $26,000. Amalgamated Bank purchased a new position in shares of Tecnoglass in the second quarter valued at approximately $39,000. Signaturefd LLC lifted its position 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. DGS Capital Management LLC purchased a new position in shares of Tecnoglass in the third quarter valued at approximately $204,000. 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.

Insiders Place Their Bets

In other news, major shareholder Holding Corp Energy sold 1,432,120 shares of Tecnoglass stock in a transaction 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 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. The trade was a 5.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Julio A. Torres sold 30,520 shares of Tecnoglass 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 disclosure for this sale can be found here. 0.25% of the stock is owned by insiders.

Tecnoglass Price Performance

TGLS stock opened at $84.57 on Friday. The business has a fifty day moving average of $80.34 and a two-hundred day moving average of $69.48. The company has a quick ratio of 1.63, a current ratio of 2.21 and a debt-to-equity ratio of 0.20. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 26.43 and a beta of 1.90. Tecnoglass Inc. has a 52-week low of $40.94 and a 52-week high of $86.99.

Tecnoglass (NASDAQ:TGLS) last posted its earnings results on Thursday, November 7th. The company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.11. The company had revenue of $237.90 million during the quarter, compared to analysts’ expectations of $240.19 million. Tecnoglass had a return on equity of 27.71% and a net margin of 17.82%. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.98 earnings per share. As a group, research analysts anticipate that Tecnoglass Inc. will post 3.55 earnings per share for the current year.

Tecnoglass Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.15 per share. This is a boost from Tecnoglass’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.60 annualized dividend and a yield of 0.71%. Tecnoglass’s dividend payout ratio (DPR) is 18.75%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Robert W. Baird raised their target price on Tecnoglass from $85.00 to $88.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Sidoti cut Tecnoglass from a “buy” rating to a “neutral” rating and set a $78.00 price target for the company. in a report on Tuesday, October 22nd. Raymond James cut Tecnoglass from a “strong-buy” rating to a “market perform” rating in a report on Tuesday, October 22nd. DA Davidson increased their price target on Tecnoglass from $65.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, 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. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Tecnoglass has an average rating of “Hold” and a consensus target price of $77.40.

About Tecnoglass

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.