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

Tecnoglass logo with Retail/Wholesale background

SkyOak Wealth LLC purchased a new stake in Tecnoglass Inc. (NASDAQ:TGLS - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,410 shares of the company's stock, valued at approximately $244,000.

Other hedge funds have also bought and sold shares of the company. JFS Wealth Advisors LLC boosted 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 worth $31,000 after acquiring an additional 405 shares during the last quarter. Signaturefd LLC boosted its holdings in Tecnoglass by 32.6% during 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 last quarter. Covestor Ltd boosted its holdings in Tecnoglass by 6,293.8% during 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 last quarter. Quadrant Capital Group LLC boosted its holdings in Tecnoglass by 18.7% during 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 last quarter. Finally, Summit Investment Advisors Inc. boosted 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 during the last quarter. Institutional investors and hedge funds own 37.35% of the company's stock.

Wall Street Analyst Weigh In

Separately, B. Riley initiated coverage on shares of Tecnoglass in a report on Friday, May 16th. They issued a "buy" rating and a $100.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Tecnoglass presently has an average rating of "Moderate Buy" and an average target price of $83.00.

Check Out Our Latest Research Report on TGLS

Tecnoglass Stock Performance

Shares of NASDAQ:TGLS traded up $0.55 during midday trading on Wednesday, reaching $74.38. The company had a trading volume of 185,929 shares, compared to its average volume of 336,219. Tecnoglass Inc. has a 52-week low of $46.47 and a 52-week high of $90.34. The company's 50 day moving average price is $81.11 and its 200 day moving average price is $75.95. The stock has a market cap of $3.50 billion, a P/E ratio of 23.24 and a beta of 1.78. The company has a current ratio of 2.21, a quick ratio of 1.63 and a debt-to-equity ratio of 0.20.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.10. 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 company posted $0.66 EPS. The firm's revenue for the quarter was up 15.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Tecnoglass Inc. will post 3.53 EPS for the current fiscal year.

Tecnoglass Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date is Monday, June 30th. Tecnoglass's dividend payout ratio is currently 16.22%.

About Tecnoglass

(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.

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Institutional Ownership by Quarter for Tecnoglass (NASDAQ:TGLS)

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