Jump Financial LLC Purchases 8,534 Shares of Tecnoglass Inc. $TGLS

Key Points

• Jump Financial LLC increased its stake in Tecnoglass Inc. by 69.4% during the first quarter, owning 20,825 shares valued at approximately $1.49 million after adding 8,534 shares.
• Tecnoglass reported an earnings per share (EPS) of $1.03 for the last quarter, exceeding estimates and marking a 16.3% year-over-year revenue growth.
• The company's average analyst rating is a Moderate Buy with a price target of $89.00, as several firms have recently increased their holdings.

Jump Financial LLC raised its holdings in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 69.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,825 shares of the company's stock after purchasing an additional 8,534 shares during the quarter. Jump Financial LLC's holdings in Tecnoglass were worth $1,490,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in TGLS. JFS Wealth Advisors LLC lifted its holdings in Tecnoglass by 1,350.0% during the 1st quarter. JFS Wealth Advisors LLC now owns 435 shares of the company's stock valued at $31,000 after purchasing an additional 405 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of Tecnoglass during the first quarter worth $38,000. Entropy Technologies LP acquired a new stake in shares of Tecnoglass during the first quarter worth $200,000. SkyOak Wealth LLC acquired a new stake in shares of Tecnoglass during the first quarter worth $244,000. Finally, Mariner LLC acquired a new stake in shares of Tecnoglass during the fourth quarter worth $254,000. Institutional investors and hedge funds own 37.35% of the company's stock.

Tecnoglass Price Performance

TGLS stock traded up $0.32 during midday trading on Wednesday, reaching $71.10. The company had a trading volume of 15,730 shares, compared to its average volume of 366,004. The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of 22.22 and a beta of 1.87. The stock has a 50 day moving average price of $75.63 and a 200-day moving average price of $75.19. Tecnoglass Inc. has a 1-year low of $58.24 and a 1-year high of $90.34. 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 (NASDAQ:TGLS - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.96 by $0.07. Tecnoglass had a return on equity of 27.71% and a net margin of 17.82%.During the same period in the previous year, the firm earned $0.86 EPS. The business's revenue for the quarter was up 16.3% on a year-over-year basis. Tecnoglass has set its FY 2025 guidance at EPS. Equities research analysts expect that Tecnoglass Inc. will post 3.53 earnings per share for the current year.

Tecnoglass Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 30th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Monday, June 30th. Tecnoglass's payout ratio is currently 15.42%.

Analyst Upgrades and Downgrades

Separately, B. Riley began coverage on Tecnoglass in a report on Friday, May 16th. They set a "buy" rating and a $100.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $89.00.

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.