Jump Financial LLC Grows Stock Position in 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 increased its holdings in Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 69.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,825 shares of the company's stock after acquiring 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 quarter.

A number of other institutional investors have also modified their holdings of TGLS. JFS Wealth Advisors LLC increased its holdings in shares of Tecnoglass by 1,350.0% in the 1st quarter. JFS Wealth Advisors LLC now owns 435 shares of the company's stock valued at $31,000 after acquiring an additional 405 shares during the period. New Age Alpha Advisors LLC acquired a new position in shares of Tecnoglass in the 1st quarter valued at $38,000. Entropy Technologies LP acquired a new position in Tecnoglass in the 1st quarter valued at $200,000. SkyOak Wealth LLC acquired a new position in Tecnoglass in the 1st quarter valued at $244,000. Finally, Mariner LLC acquired a new position in Tecnoglass in the 4th quarter valued at $254,000. 37.35% of the stock is owned by institutional investors and hedge funds.

Tecnoglass Price Performance

Shares of NASDAQ TGLS traded up $0.03 during trading on Monday, hitting $72.60. 303,138 shares of the company were exchanged, compared to its average volume of 369,320. The company has a market cap of $3.41 billion, a price-to-earnings ratio of 22.69 and a beta of 1.87. Tecnoglass Inc. has a 1 year low of $58.24 and a 1 year high of $90.34. The firm's fifty day moving average price is $75.76 and its 200 day moving average price is $75.25. 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 issued its earnings results on Thursday, August 7th. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.96 by $0.07. Tecnoglass had a net margin of 17.82% and a return on equity of 27.71%. The firm's revenue was up 16.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.86 EPS. Tecnoglass has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Tecnoglass Inc. will post 3.53 earnings per share for the current fiscal year.

Tecnoglass Dividend Announcement

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

Analyst Ratings Changes

Separately, B. Riley started coverage on shares of Tecnoglass in a research note on Friday, May 16th. They issued a "buy" rating and a $100.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $89.00.

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.