MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 49.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,212 shares of the company's stock after acquiring an additional 21,483 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.14% of Tecnoglass worth $4,666,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Silvercrest Asset Management Group LLC acquired a new position in Tecnoglass during the 4th quarter valued at about $4,239,000. EntryPoint Capital LLC grew its stake in Tecnoglass by 178.8% during the 1st quarter. EntryPoint Capital LLC now owns 7,144 shares of the company's stock valued at $511,000 after purchasing an additional 4,582 shares during the last quarter. GAMMA Investing LLC grew its stake in Tecnoglass by 5,771.4% during the 1st quarter. GAMMA Investing LLC now owns 17,673 shares of the company's stock valued at $1,265,000 after purchasing an additional 17,372 shares during the last quarter. Vanguard Group Inc. grew its stake in Tecnoglass by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 540,314 shares of the company's stock valued at $38,659,000 after purchasing an additional 22,879 shares during the last quarter. Finally, Jump Financial LLC grew its stake in Tecnoglass by 69.4% during the 1st quarter. Jump Financial LLC now owns 20,825 shares of the company's stock valued at $1,490,000 after purchasing an additional 8,534 shares during the last quarter. 37.35% of the stock is owned by institutional investors and hedge funds.
Tecnoglass Stock Performance
Tecnoglass stock traded up $1.06 during trading hours on Wednesday, hitting $71.10. 30,380 shares of the stock traded hands, compared to its average volume of 361,684. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.21 and a quick ratio of 1.63. The firm's 50 day moving average price is $74.58 and its 200-day moving average price is $75.15. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 22.23 and a beta of 1.87. Tecnoglass Inc. has a 1 year low of $60.25 and a 1 year high of $90.34.
Tecnoglass (NASDAQ:TGLS - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.96 by $0.07. Tecnoglass had a return on equity of 27.71% and a net margin of 17.82%.During the same period in the prior year, the business earned $0.86 EPS. The firm's revenue for the quarter was up 16.3% compared to the same quarter last year. Tecnoglass has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Tecnoglass Inc. will post 3.53 EPS for the current fiscal year.
Tecnoglass Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.60 dividend on an annualized basis and a yield of 0.8%. Tecnoglass's dividend payout ratio is currently 15.42%.
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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