Captrust Financial Advisors Sells 436 Shares of Tecnoglass Inc. (NASDAQ:TGLS)

Captrust Financial Advisors lowered its holdings in shares of Tecnoglass Inc. (NASDAQ:TGLS) by 10.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,884 shares of the company’s stock after selling 436 shares during the quarter. Captrust Financial Advisors’ holdings in Tecnoglass were worth $308,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the business. Summit Investment Advisors Inc. lifted its position in Tecnoglass by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,350 shares of the company’s stock valued at $186,000 after purchasing an additional 149 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of Tecnoglass by 18.7% in the fourth quarter. Quadrant Capital Group LLC now owns 1,079 shares of the company’s stock valued at $86,000 after acquiring an additional 170 shares during the period. Signaturefd LLC raised its stake in shares of Tecnoglass by 32.6% in the fourth quarter. Signaturefd LLC now owns 898 shares of the company’s stock valued at $71,000 after acquiring an additional 221 shares during the period. Nations Financial Group Inc. IA ADV raised its stake in shares of Tecnoglass by 3.0% in the fourth 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. Finally, Legal & General Group Plc raised its stake in shares of Tecnoglass by 13.2% in the fourth quarter. Legal & General Group Plc now owns 4,180 shares of the company’s stock valued at $332,000 after acquiring an additional 487 shares during the period. Institutional investors own 37.35% of the company’s stock.

Analysts Set New Price Targets

Separately, B. Riley initiated coverage on shares of Tecnoglass in a research note on Friday, May 16th. They issued a “buy” rating and a $100.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Tecnoglass has an average rating of “Moderate Buy” and a consensus target price of $83.00.

Tecnoglass Stock Down 1.0%

NASDAQ:TGLS opened at $85.74 on Wednesday. Tecnoglass Inc. has a fifty-two week low of $40.94 and a fifty-two week high of $89.36. The stock has a market capitalization of $4.03 billion, a P/E ratio of 26.79 and a beta of 1.85. 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 company’s 50-day simple moving average is $72.89 and its 200-day simple moving average is $75.47.

Tecnoglass (NASDAQ:TGLS) last released its earnings results on Thursday, May 8th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.10. Tecnoglass had a net margin of 17.82% and a return on equity of 27.71%. During the same period in the previous year, the firm posted $0.66 earnings per share. The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year. On average, equities analysts anticipate that Tecnoglass Inc. will post 3.53 earnings per share for the current fiscal year.

Tecnoglass Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Monday, March 31st. Tecnoglass’s dividend payout ratio (DPR) is 16.22%.

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.