BNP Paribas Financial Markets Decreases Holdings in Tecnoglass Inc. (NASDAQ:TGLS)

BNP Paribas Financial Markets reduced its holdings in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 70.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in Tecnoglass during the 4th quarter valued at about $70,000. Signaturefd LLC increased its position in Tecnoglass by 32.6% during the 4th quarter. Signaturefd LLC now owns 898 shares of the company's stock valued at $71,000 after buying an additional 221 shares in the last quarter. Covestor Ltd increased its position in Tecnoglass by 6,293.8% during the 4th quarter. Covestor Ltd now owns 1,023 shares of the company's stock valued at $81,000 after buying an additional 1,007 shares in the last quarter. Quadrant Capital Group LLC increased its holdings 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 purchasing an additional 170 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Tecnoglass in the fourth quarter valued at about $108,000. 37.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Tecnoglass Price Performance

TGLS stock traded down $0.41 during mid-day trading on Thursday, reaching $86.04. 259,167 shares of the company's stock were exchanged, compared to its average volume of 371,097. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 26.89 and a beta of 1.85. The stock's 50 day moving average is $74.62 and its 200 day moving average is $76.03. 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 12-month low of $40.94 and a 12-month high of $89.36.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 prior year, the company earned $0.66 EPS. The firm's revenue for the quarter was up 15.4% on a year-over-year basis. On average, research analysts expect that Tecnoglass Inc. will post 3.53 EPS for the current year.

Tecnoglass Announces Dividend

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

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.