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SkyOak Wealth LLC Invests $244,000 in Tecnoglass Inc. (NASDAQ:TGLS)

Tecnoglass logo with Retail/Wholesale background

SkyOak Wealth LLC acquired a new position in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,410 shares of the company's stock, valued at approximately $244,000.

A number of other hedge funds have also modified their holdings of TGLS. JFS Wealth Advisors LLC increased its stake in shares of Tecnoglass by 1,350.0% during the 1st quarter. JFS Wealth Advisors LLC now owns 435 shares of the company's stock worth $31,000 after purchasing an additional 405 shares in the last quarter. Signaturefd LLC grew its stake in Tecnoglass by 32.6% in the 4th quarter. Signaturefd LLC now owns 898 shares of the company's stock worth $71,000 after acquiring an additional 221 shares during the period. Covestor Ltd grew its stake in Tecnoglass by 6,293.8% in the 4th quarter. Covestor Ltd now owns 1,023 shares of the company's stock worth $81,000 after acquiring an additional 1,007 shares during the period. Quadrant Capital Group LLC grew its stake in Tecnoglass by 18.7% in the 4th quarter. Quadrant Capital Group LLC now owns 1,079 shares of the company's stock worth $86,000 after acquiring an additional 170 shares during the period. Finally, Summit Investment Advisors Inc. grew its stake in Tecnoglass by 6.8% in 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 period. 37.35% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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 target price for the company. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $83.00.

Check Out Our Latest Stock Analysis on TGLS

Tecnoglass Stock Down 3.1%

Shares of TGLS opened at $74.40 on Friday. The firm has a market cap of $3.50 billion, a PE ratio of 23.25 and a beta of 1.78. The company's fifty day moving average is $81.04 and its two-hundred day moving average is $76.06. Tecnoglass Inc. has a fifty-two week low of $46.47 and a fifty-two week high of $90.34. The company has a quick ratio of 1.63, a current ratio of 2.21 and a debt-to-equity ratio of 0.20.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.92 earnings per share 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%. The business's revenue for the quarter was up 15.4% compared to the same quarter last year. During the same period last year, the firm posted $0.66 EPS. Analysts forecast that Tecnoglass Inc. will post 3.53 earnings per share for the current year.

Tecnoglass Dividend Announcement

The business also recently declared 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. The ex-dividend date is Monday, June 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.81%. Tecnoglass's dividend payout ratio (DPR) is presently 16.22%.

Tecnoglass Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Tecnoglass (NASDAQ:TGLS)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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