GAMMA Investing LLC Boosts Holdings in Tecnoglass Inc. (NASDAQ:TGLS)

GAMMA Investing LLC lifted its stake in Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 5,771.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,673 shares of the company's stock after acquiring an additional 17,372 shares during the period. GAMMA Investing LLC's holdings in Tecnoglass were worth $1,265,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Summit Investment Advisors Inc. lifted its holdings in shares of Tecnoglass by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,350 shares of the company's stock worth $186,000 after acquiring an additional 149 shares during the last quarter. Quadrant Capital Group LLC raised its position in Tecnoglass by 18.7% during 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 in the last quarter. Signaturefd LLC lifted its stake in Tecnoglass by 32.6% during the fourth quarter. Signaturefd LLC now owns 898 shares of the company's stock worth $71,000 after purchasing an additional 221 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its holdings in shares of Tecnoglass by 3.0% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 9,882 shares of the company's stock worth $784,000 after purchasing an additional 286 shares in the last quarter. Finally, Legal & General Group Plc increased its position in shares of Tecnoglass by 13.2% during the 4th quarter. Legal & General Group Plc now owns 4,180 shares of the company's stock valued at $332,000 after purchasing an additional 487 shares during the last quarter. 37.35% of the stock is currently owned by hedge funds and other institutional investors.

Tecnoglass Trading Down 4.2%

Tecnoglass stock traded down $3.45 during trading hours on Monday, reaching $78.97. The company had a trading volume of 524,478 shares, compared to its average volume of 363,565. 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 $90.34. The company has a 50-day moving average price of $78.48 and a 200 day moving average price of $76.81. The firm has a market cap of $3.71 billion, a price-to-earnings ratio of 24.68 and a beta of 1.84.

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 the consensus estimate of $0.82 by $0.10. Tecnoglass had a net margin of 17.82% and a return on equity of 27.71%. The company's revenue was up 15.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.66 EPS. Equities analysts forecast that Tecnoglass Inc. will post 3.53 earnings per share for the current year.

Tecnoglass Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Monday, June 30th. Tecnoglass's payout ratio is 16.22%.

Wall Street Analyst Weigh In

Separately, B. Riley began coverage on Tecnoglass in a research note on Friday, May 16th. They issued a "buy" rating and a $100.00 target price for the company. Four equities 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 company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus 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.