GAMMA Investing LLC Acquires 17,372 Shares of Tecnoglass Inc. (NASDAQ:TGLS)

GAMMA Investing LLC raised its position in Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 5,771.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,673 shares of the company's stock after purchasing an additional 17,372 shares during the quarter. GAMMA Investing LLC's holdings in Tecnoglass were worth $1,265,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. FMR LLC boosted its position in Tecnoglass by 49.2% during the 4th quarter. FMR LLC now owns 5,412,322 shares of the company's stock worth $429,305,000 after acquiring an additional 1,785,602 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Tecnoglass by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 993,514 shares of the company's stock valued at $78,811,000 after purchasing an additional 14,369 shares during the period. Vanguard Group Inc. boosted its stake in shares of Tecnoglass by 6.5% during the 4th quarter. Vanguard Group Inc. now owns 517,435 shares of the company's stock worth $41,043,000 after acquiring an additional 31,493 shares during the period. Capital World Investors acquired a new position in shares of Tecnoglass in the fourth quarter valued at $23,530,000. Finally, Marshall Wace LLP bought a new position in Tecnoglass in the 4th quarter valued at about $19,638,000. 37.35% of the stock is currently owned by institutional investors.

Tecnoglass Price Performance

Shares of Tecnoglass stock traded down $2.01 during trading on Thursday, hitting $75.23. The stock had a trading volume of 253,524 shares, compared to its average volume of 363,368. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of 23.51 and a beta of 1.85. The company has a current ratio of 2.21, a quick ratio of 1.63 and a debt-to-equity ratio of 0.20. The business's 50-day moving average is $79.06 and its 200 day moving average is $76.79. Tecnoglass Inc. has a 12 month low of $40.94 and a 12 month high of $90.34.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last issued 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%. The business's quarterly revenue was up 15.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.66 EPS. As a group, sell-side analysts anticipate that Tecnoglass Inc. will post 3.53 earnings per share for the current year.

Tecnoglass Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend is Monday, June 30th. Tecnoglass's payout ratio is 16.22%.

Analyst Ratings Changes

Separately, B. Riley started coverage on shares of Tecnoglass in a research report on Friday, May 16th. They set a "buy" rating and a $100.00 target price on the stock. Four research 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 stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $83.00.

Tecnoglass 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.