Tecnoglass Inc. (NASDAQ:TGLS) Shares Sold by Broad Bay Capital Management LP

Broad Bay Capital Management LP lessened its stake in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 49.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 212,407 shares of the company's stock after selling 208,526 shares during the quarter. Tecnoglass accounts for 2.1% of Broad Bay Capital Management LP's investment portfolio, making the stock its 18th biggest position. Broad Bay Capital Management LP owned 0.45% of Tecnoglass worth $16,848,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the stock. USA Financial Formulas purchased a new position in shares of Tecnoglass in the fourth quarter valued at $26,000. R Squared Ltd acquired a new position in Tecnoglass in the 4th quarter worth $70,000. Signaturefd LLC boosted its position in Tecnoglass by 32.6% in the 4th quarter. Signaturefd LLC now owns 898 shares of the company's stock valued at $71,000 after buying an additional 221 shares during the last quarter. Covestor Ltd grew its stake in shares of Tecnoglass by 6,293.8% during the fourth quarter. Covestor Ltd now owns 1,023 shares of the company's stock valued at $81,000 after acquiring an additional 1,007 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its position in shares of Tecnoglass by 18.7% during the fourth quarter. Quadrant Capital Group LLC now owns 1,079 shares of the company's stock worth $86,000 after acquiring an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 37.35% of the company's stock.

Tecnoglass Stock Down 0.4 %

TGLS traded down $0.36 on Friday, reaching $81.64. The company's stock had a trading volume of 513,305 shares, compared to its average volume of 361,801. Tecnoglass Inc. has a 1 year low of $40.94 and a 1 year high of $86.99. The business's 50 day moving average is $70.15 and its 200 day moving average is $74.63. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.21 and a quick ratio of 1.63. The stock has a market cap of $3.84 billion, a price-to-earnings ratio of 25.51 and a beta of 1.85.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.82 by $0.10. Tecnoglass had a return on equity of 27.71% and a net margin of 17.82%. The business's revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.66 earnings per share. As a group, research analysts forecast that Tecnoglass Inc. will post 3.53 EPS for the current fiscal year.

Tecnoglass Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were paid a $0.15 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.73%. Tecnoglass's dividend payout ratio (DPR) is presently 17.49%.

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.