Tecnoglass Inc. $TGLS is Polaris Capital Management LLC's 6th Largest Position

Key Points

• Polaris Capital Management LLC has reduced its stake in Tecnoglass Inc. (NASDAQ:TGLS) by 20.2%, making it the 6th largest position in their portfolio, with 625,464 shares remaining after selling 158,500 shares.
• Tecnoglass reported $1.03 earnings per share for the last quarter, beating estimates by $0.07, and had a net margin of 17.82%.
• The company announced a quarterly dividend of $0.15 per share, which represents a 0.9% dividend yield, scheduled for payment on October 31st.

Polaris Capital Management LLC reduced its stake in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 20.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 625,464 shares of the company's stock after selling 158,500 shares during the quarter. Tecnoglass makes up 3.2% of Polaris Capital Management LLC's holdings, making the stock its 6th largest position. Polaris Capital Management LLC owned 1.33% of Tecnoglass worth $48,386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the stock. Farther Finance Advisors LLC lifted its stake in shares of Tecnoglass by 314.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 796 shares of the company's stock worth $62,000 after purchasing an additional 604 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Tecnoglass by 7.8% during the 1st quarter. Rhumbline Advisers now owns 30,707 shares of the company's stock worth $2,197,000 after purchasing an additional 2,233 shares during the last quarter. Strs Ohio purchased a new stake in shares of Tecnoglass during the 1st quarter worth $279,000. Intech Investment Management LLC boosted its stake in Tecnoglass by 21.4% in the first quarter. Intech Investment Management LLC now owns 17,918 shares of the company's stock valued at $1,282,000 after acquiring an additional 3,161 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Tecnoglass by 49.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,212 shares of the company's stock valued at $4,666,000 after acquiring an additional 21,483 shares in the last quarter. 37.35% of the stock is currently owned by hedge funds and other institutional investors.

Tecnoglass Price Performance

Shares of TGLS opened at $66.12 on Friday. The company has a market cap of $3.11 billion, a price-to-earnings ratio of 20.66 and a beta of 1.83. Tecnoglass Inc. has a twelve month low of $60.25 and a twelve month 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. The company has a 50 day moving average of $72.52 and a two-hundred day moving average of $75.12.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.07. Tecnoglass had a net margin of 17.82% and a return on equity of 27.71%. The company's revenue was up 16.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.86 earnings per share. Tecnoglass has set its FY 2025 guidance at EPS. As a group, analysts predict that Tecnoglass Inc. will post 3.53 earnings per share for the current fiscal year.

Tecnoglass Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Tuesday, September 30th. Tecnoglass's payout ratio is presently 15.42%.

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.

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