SG Americas Securities LLC Has $399,000 Stock Holdings in Tecnoglass Inc. (NASDAQ:TGLS)

SG Americas Securities LLC decreased its holdings in Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 47.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 5,582 shares of the company's stock after selling 4,972 shares during the period. SG Americas Securities LLC's holdings in Tecnoglass were worth $399,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Vest Financial LLC acquired a new position in Tecnoglass during the 1st quarter worth approximately $3,561,000. Rhumbline Advisers grew its stake in shares of Tecnoglass by 7.8% during the first quarter. Rhumbline Advisers now owns 30,707 shares of the company's stock worth $2,197,000 after buying an additional 2,233 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Tecnoglass by 5,771.4% during the first quarter. GAMMA Investing LLC now owns 17,673 shares of the company's stock worth $1,265,000 after buying an additional 17,372 shares in the last quarter. State of Wyoming increased its holdings in shares of Tecnoglass by 17.7% during the fourth quarter. State of Wyoming now owns 3,735 shares of the company's stock worth $296,000 after buying an additional 561 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC bought a new position in shares of Tecnoglass in the 4th quarter valued at $4,239,000. Institutional investors and hedge funds own 37.35% of the company's stock.

Tecnoglass Trading Down 1.2%

Shares of TGLS stock traded down $0.91 during trading hours on Wednesday, hitting $74.73. 196,567 shares of the company's stock traded hands, compared to its average volume of 362,846. The stock has a market cap of $3.51 billion, a PE ratio of 23.35 and a beta of 1.84. The stock's 50 day simple moving average is $79.42 and its 200 day simple moving average is $76.55. 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 Inc. has a 12 month low of $40.94 and a 12 month high of $90.34.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.10. Tecnoglass had a return on equity of 27.71% and a net margin of 17.82%. The business's quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.66 earnings per share. On average, sell-side analysts anticipate that Tecnoglass Inc. will post 3.53 EPS for the current year.

Tecnoglass Dividend Announcement

The business 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 dividend yield of 0.80%. The ex-dividend date of this dividend is Monday, June 30th. Tecnoglass's dividend payout ratio is currently 16.22%.

Wall Street Analysts Forecast Growth

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

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.