Tecnoglass Inc. $TGLS Shares Bought by Trexquant Investment LP

Key Points

• Trexquant Investment LP significantly increased its stake in Tecnoglass Inc. by 741.3% during the 1st quarter, acquiring 119,997 shares valued at approximately $8.59 million.
• Tecnoglass reported a 16.3% year-over-year increase in revenue and achieved an EPS of $1.03, surpassing analyst expectations of $0.96.
• Prior to its earnings results, analysts at B. Riley issued a "buy" rating for Tecnoglass with a price target of $100.00, reflecting growing confidence in the company's growth potential.

Trexquant Investment LP lifted its position in Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 741.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 119,997 shares of the company's stock after purchasing an additional 105,733 shares during the quarter. Trexquant Investment LP owned approximately 0.26% of Tecnoglass worth $8,586,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Nations Financial Group Inc. IA ADV boosted its position in shares of Tecnoglass by 1.6% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 10,042 shares of the company's stock valued at $719,000 after purchasing an additional 160 shares during the period. Principal Financial Group Inc. boosted its position in shares of Tecnoglass by 1.2% in the 1st quarter. Principal Financial Group Inc. now owns 26,982 shares of the company's stock valued at $1,931,000 after purchasing an additional 331 shares during the period. JFS Wealth Advisors LLC boosted its position in shares of Tecnoglass by 1,350.0% in the 1st 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. Stifel Financial Corp boosted its position in shares of Tecnoglass by 1.0% in the 4th quarter. Stifel Financial Corp now owns 48,672 shares of the company's stock valued at $3,861,000 after purchasing an additional 504 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of Tecnoglass in the 1st quarter valued at about $38,000. 37.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, B. Riley assumed coverage on Tecnoglass in a research report on Friday, May 16th. They set a "buy" rating and a $100.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $89.00.

Tecnoglass Price Performance

NASDAQ TGLS traded up $0.03 during mid-day trading on Monday, hitting $72.60. The stock had a trading volume of 303,138 shares, compared to its average volume of 369,320. Tecnoglass Inc. has a 52-week low of $58.24 and a 52-week high of $90.34. The company has a market cap of $3.41 billion, a price-to-earnings ratio of 22.69 and a beta of 1.87. The company has a 50 day simple moving average of $75.72 and a 200 day simple moving average of $75.22. 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 (NASDAQ:TGLS - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $1.03 earnings per share 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 previous year, the business earned $0.86 earnings per share. The business's revenue was up 16.3% on a year-over-year basis. Tecnoglass has set its FY 2025 guidance at EPS. Equities analysts forecast that Tecnoglass Inc. will post 3.53 EPS for the current fiscal year.

Tecnoglass Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 30th were issued 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 of this dividend was Monday, June 30th. Tecnoglass's payout ratio is 15.42%.

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.