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

Linden Thomas Advisory Services LLC grew its position in Tecnoglass Inc. (NASDAQ:TGLS) by 22.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,597 shares of the company’s stock after buying 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.

Several other hedge funds have also made changes to their positions in TGLS. Janney Montgomery Scott LLC purchased a new stake in shares of Tecnoglass during the 4th quarter worth $275,000. SG Americas Securities LLC lifted its stake in shares of Tecnoglass by 48.5% during the 4th quarter. SG Americas Securities LLC now owns 10,554 shares of the company’s stock worth $837,000 after purchasing an additional 3,445 shares during the last quarter. USA Financial Formulas purchased a new stake in shares of Tecnoglass during the 4th quarter worth $26,000. International Assets Investment Management LLC purchased a new stake in shares of Tecnoglass during the 4th quarter worth $243,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Tecnoglass by 6.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 19,237 shares of the company’s stock worth $1,321,000 after purchasing an additional 1,146 shares during the last quarter. 37.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TGLS has been the subject of a number of analyst reports. Raymond James cut Tecnoglass from a “strong-buy” rating to a “market perform” rating in a research note on Tuesday, October 22nd. DA Davidson upped their target price on Tecnoglass from $65.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Robert W. Baird upped 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. StockNews.com started coverage on Tecnoglass in a research report on Saturday, December 14th. They set a “hold” rating on the stock. Finally, Sidoti lowered Tecnoglass from a “buy” rating to a “neutral” rating and set a $78.00 target price on the stock. in a research report on Tuesday, October 22nd. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $77.40.

Tecnoglass Stock Down 1.8 %

Shares of TGLS stock opened at $84.57 on Friday. The stock’s 50-day simple moving average is $80.34 and its 200-day simple moving average is $69.48. 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 firm has a market capitalization of $3.97 billion, a PE ratio of 26.43 and a beta of 1.90. Tecnoglass Inc. has a fifty-two week low of $40.94 and a fifty-two week high of $86.99.

Tecnoglass (NASDAQ:TGLS) last announced its quarterly earnings data on Thursday, November 7th. The company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.11. The business had revenue of $237.90 million for the quarter, compared to analyst estimates of $240.19 million. Tecnoglass had a return on equity of 27.71% and a net margin of 17.82%. The company’s revenue was up 13.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.98 earnings per share. Equities analysts expect that Tecnoglass Inc. will post 3.55 earnings per share for the current year.

Tecnoglass Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors 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 yield of 0.71%. This is a positive change from Tecnoglass’s previous quarterly dividend of $0.11. The ex-dividend date is Tuesday, December 31st. Tecnoglass’s dividend payout ratio (DPR) is 18.75%.

Insider Buying and Selling

In related news, major shareholder Holding Corp Energy sold 1,432,120 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $73.02, for a total transaction of $104,573,402.40. Following the sale, the insider now directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Julio A. Torres sold 30,520 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was 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 corporate insiders.

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.