BNP Paribas Financial Markets Sells 9,939 Shares of Tecnoglass Inc. (NASDAQ:TGLS)

BNP Paribas Financial Markets trimmed its position in Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 70.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,158 shares of the company's stock after selling 9,939 shares during the period. BNP Paribas Financial Markets' holdings in Tecnoglass were worth $330,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. R Squared Ltd bought a new stake in Tecnoglass in the fourth quarter worth $70,000. Signaturefd LLC boosted its holdings in Tecnoglass by 32.6% in the fourth quarter. Signaturefd LLC now owns 898 shares of the company's stock worth $71,000 after acquiring an additional 221 shares in the last quarter. Covestor Ltd boosted its holdings in Tecnoglass by 6,293.8% in the fourth quarter. Covestor Ltd now owns 1,023 shares of the company's stock worth $81,000 after acquiring an additional 1,007 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in Tecnoglass by 18.7% in 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 in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in Tecnoglass in the fourth quarter worth $108,000. 37.35% of the stock is owned by institutional investors.

Tecnoglass Stock Performance

Shares of Tecnoglass stock traded down $0.19 during trading on Friday, hitting $85.83. 238,850 shares of the company's stock traded hands, compared to its average volume of 370,877. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.21 and a quick ratio of 1.63. Tecnoglass Inc. has a 1 year low of $40.94 and a 1 year high of $89.36. The stock has a market capitalization of $4.03 billion, a P/E ratio of 26.82 and a beta of 1.85. The business has a 50-day simple moving average of $75.10 and a 200-day simple moving average of $76.17.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last released its quarterly earnings data 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%. During the same quarter in the previous year, the firm earned $0.66 EPS. Tecnoglass's revenue was up 15.4% on a year-over-year basis. As a group, analysts forecast that Tecnoglass Inc. will post 3.53 EPS for the current year.

Tecnoglass Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date was Monday, March 31st. Tecnoglass's dividend payout ratio is 16.22%.

Wall Street Analyst Weigh In

Separately, B. Riley began coverage on Tecnoglass in a report on Friday, May 16th. They issued a "buy" rating and a $100.00 target price on the stock. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $83.00.

Tecnoglass Company 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.