Virtu Financial LLC lifted its position in Tecnoglass Inc. (NASDAQ:TGLS – Free Report) by 30.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,806 shares of the company’s stock after acquiring an additional 1,807 shares during the quarter. Virtu Financial LLC’s holdings in Tecnoglass were worth $406,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Handelsbanken Fonder AB bought a new position in Tecnoglass during the fourth quarter valued at about $201,000. EntryPoint Capital LLC bought a new position in Tecnoglass during the first quarter valued at about $227,000. HBK Sorce Advisory LLC bought a new position in Tecnoglass during the fourth quarter valued at about $234,000. M&T Bank Corp purchased a new stake in Tecnoglass during the fourth quarter valued at about $244,000. Finally, Tidal Investments LLC purchased a new stake in Tecnoglass during the first quarter valued at about $245,000. Institutional investors own 37.35% of the company’s stock.
Tecnoglass Trading Down 2.2 %
Shares of Tecnoglass stock opened at $50.87 on Friday. Tecnoglass Inc. has a 12-month low of $28.21 and a 12-month high of $59.76. The company has a market cap of $2.39 billion, a price-to-earnings ratio of 14.61 and a beta of 1.85. The company has a current ratio of 2.33, a quick ratio of 1.72 and a debt-to-equity ratio of 0.27. The company’s 50-day moving average price is $49.98 and its 200-day moving average price is $50.05.
Tecnoglass Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, June 28th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.86%. The ex-dividend date was Friday, June 28th. Tecnoglass’s dividend payout ratio (DPR) is 12.68%.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on TGLS shares. Sidoti raised shares of Tecnoglass from a “neutral” rating to a “buy” rating and set a $68.00 price objective on the stock in a report on Wednesday, June 26th. Robert W. Baird dropped their price objective on shares of Tecnoglass from $65.00 to $64.00 and set an “outperform” rating on the stock in a report on Tuesday, May 7th. Finally, B. Riley reaffirmed a “buy” rating and set a $60.00 price objective (down from $65.00) on shares of Tecnoglass in a report on Friday, May 10th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $55.33.
View Our Latest Report on TGLS
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.
Read More
- Five stocks we like better than Tecnoglass
- Upcoming IPO Stock Lockup Period, Explained
- Hims & Hers Stock Falls on DexCom Fears: Analysts Predict Rally
- Industrial Products Stocks Investing
- Snap’s Stock Plummets on Q2 Revenue Guidance Shortfall
- How Investors Can Find the Best Cheap Dividend Stocks
- Intel Loses a Quarter of Its Value After Horrible Earnings Report
Want to see what other hedge funds are holding TGLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tecnoglass Inc. (NASDAQ:TGLS – Free Report).
Receive News & Ratings for Tecnoglass Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tecnoglass and related companies with MarketBeat.com's FREE daily email newsletter.