Tecnoglass Inc. $TGLS Shares Bought by EntryPoint Capital LLC

Key Points

• EntryPoint Capital LLC increased its stake in Tecnoglass Inc. by 178.8% in the first quarter, now holding 7,144 shares valued at $511,000.
• In its most recent earnings report, Tecnoglass exceeded expectations by posting $1.03 EPS, with a revenue increase of 16.3% year-over-year.
• The company declared a quarterly dividend of $0.15 per share, resulting in a 0.8% dividend yield for shareholders.

EntryPoint Capital LLC raised its position in Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 178.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 7,144 shares of the company's stock after acquiring an additional 4,582 shares during the period. EntryPoint Capital LLC's holdings in Tecnoglass were worth $511,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. JFS Wealth Advisors LLC lifted its stake in shares of Tecnoglass by 1,350.0% in the first quarter. JFS Wealth Advisors LLC now owns 435 shares of the company's stock valued at $31,000 after purchasing an additional 405 shares during the period. New Age Alpha Advisors LLC acquired a new stake in shares of Tecnoglass in the first quarter valued at about $38,000. Summit Investment Advisors Inc. lifted its stake in shares of Tecnoglass by 6.8% in 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 during the period. Entropy Technologies LP acquired a new stake in shares of Tecnoglass in the first quarter valued at about $200,000. Finally, SkyOak Wealth LLC acquired a new stake in shares of Tecnoglass in the first quarter valued at about $244,000. Institutional investors and hedge funds own 37.35% of the company's stock.

Tecnoglass Trading Down 0.2%

Shares of TGLS stock opened at $72.9180 on Wednesday. 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 fifty-two week low of $58.24 and a fifty-two week high of $90.34. The firm's 50 day moving average price is $76.91 and its two-hundred day moving average price is $75.49. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 22.79 and a beta of 1.85.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $1.03 earnings per share (EPS) for the quarter, topping 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%. During the same quarter in the prior year, the company earned $0.86 earnings per share. The company's revenue was up 16.3% compared to the same quarter last year. Tecnoglass has set its FY 2025 guidance at EPS. On average, analysts anticipate that Tecnoglass Inc. will post 3.53 EPS for the current year.

Tecnoglass Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 30th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Monday, June 30th. Tecnoglass's dividend payout ratio (DPR) is presently 15.42%.

Analysts Set New Price Targets

Separately, B. Riley initiated coverage on shares of Tecnoglass in a research note on Friday, May 16th. They issued a "buy" rating and a $100.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $89.00.

About Tecnoglass

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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