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

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

A number of other hedge funds also recently made changes to their positions in the business. Signaturefd LLC grew its holdings in Tecnoglass by 32.6% in the 4th quarter. Signaturefd LLC now owns 898 shares of the company's stock worth $71,000 after buying an additional 221 shares in the last quarter. Covestor Ltd boosted its position 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 period. Quadrant Capital Group LLC grew its stake in shares of Tecnoglass by 18.7% in the fourth quarter. Quadrant Capital Group LLC now owns 1,079 shares of the company's stock worth $86,000 after purchasing an additional 170 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Tecnoglass during the fourth quarter valued at $108,000. Finally, Summit Investment Advisors Inc. raised its stake in shares of Tecnoglass by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,350 shares of the company's stock valued at $186,000 after purchasing an additional 149 shares in the last quarter. Institutional investors own 37.35% of the company's stock.

Analyst Upgrades and Downgrades

Separately, B. Riley assumed coverage on shares of Tecnoglass in a research note on Friday, May 16th. They set a "buy" rating and a $100.00 target price on the stock. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Tecnoglass currently has an average rating of "Moderate Buy" and an average target price of $83.00.

Tecnoglass Price Performance

Shares of Tecnoglass stock traded up $1.96 during trading on Friday, hitting $78.07. The stock had a trading volume of 718,185 shares, compared to its average volume of 341,849. The business has a fifty day moving average of $79.93 and a two-hundred day moving average of $76.40. Tecnoglass Inc. has a fifty-two week low of $46.47 and a fifty-two week high of $90.34. The firm has a market cap of $3.67 billion, a P/E ratio of 24.40 and a beta of 1.84. 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 posted its quarterly earnings data on Thursday, May 8th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate 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 was up 15.4% on a year-over-year basis. During the same quarter last year, the business posted $0.66 earnings per share. On average, sell-side analysts expect that Tecnoglass Inc. will post 3.53 earnings per share for the current fiscal year.

Tecnoglass Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Monday, June 30th. Tecnoglass's payout ratio is 16.22%.

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.