Nilsine Partners LLC Acquires 24,719 Shares of Tecnoglass Inc. (NASDAQ:TGLS)

Nilsine Partners LLC grew its holdings in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 148.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,386 shares of the company's stock after buying an additional 24,719 shares during the quarter. Nilsine Partners LLC owned 0.09% of Tecnoglass worth $2,961,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TGLS. Summit Investment Advisors Inc. grew its holdings in 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 in the last quarter. Quadrant Capital Group LLC boosted its position in Tecnoglass by 18.7% during the 4th 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. Signaturefd LLC grew its stake in Tecnoglass by 32.6% during the 4th quarter. Signaturefd LLC now owns 898 shares of the company's stock worth $71,000 after buying an additional 221 shares during the last quarter. Legal & General Group Plc increased its position in Tecnoglass by 13.2% in the fourth quarter. Legal & General Group Plc now owns 4,180 shares of the company's stock worth $332,000 after buying an additional 487 shares during the period. Finally, Stifel Financial Corp lifted its stake in Tecnoglass by 1.0% in the fourth quarter. Stifel Financial Corp now owns 48,672 shares of the company's stock valued at $3,861,000 after buying an additional 504 shares during the last quarter. Institutional investors and hedge funds own 37.35% of the company's stock.

Tecnoglass Trading Up 1.8%

Tecnoglass stock traded up $1.32 during midday trading on Tuesday, reaching $75.68. The stock had a trading volume of 257,102 shares, compared to its average volume of 363,511. Tecnoglass Inc. has a twelve month low of $40.94 and a twelve month 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. The firm has a market cap of $3.56 billion, a price-to-earnings ratio of 23.65 and a beta of 1.84. The firm's fifty day simple moving average is $79.28 and its two-hundred day simple moving average is $76.56.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.92 EPS for the quarter, beating 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%. During the same quarter in the prior year, the firm earned $0.66 EPS. Tecnoglass's revenue was up 15.4% on a year-over-year basis. Equities analysts anticipate that Tecnoglass Inc. will post 3.53 EPS for the current fiscal 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 given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.79%. The ex-dividend date is Monday, June 30th. Tecnoglass's dividend payout ratio is 16.22%.

Wall Street Analysts Forecast Growth

Separately, B. Riley started coverage on shares of Tecnoglass in a report on Friday, May 16th. They issued a "buy" rating and a $100.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus 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.