PFG Investments LLC lessened its holdings in Tecnoglass Inc. (NASDAQ:TGLS – Free Report) by 6.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 4,043 shares of the company’s stock after selling 265 shares during the quarter. PFG Investments LLC’s holdings in Tecnoglass were worth $289,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of TGLS. Signaturefd LLC raised its holdings in shares of Tecnoglass by 32.6% during the fourth quarter. Signaturefd LLC now owns 898 shares of the company’s stock worth $71,000 after acquiring an additional 221 shares in the last quarter. Covestor Ltd raised its holdings in shares of Tecnoglass by 6,293.8% during the fourth quarter. Covestor Ltd now owns 1,023 shares of the company’s stock worth $81,000 after acquiring an additional 1,007 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Tecnoglass by 18.7% during the fourth quarter. Quadrant Capital Group LLC now owns 1,079 shares of the company’s stock worth $86,000 after acquiring an additional 170 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Tecnoglass during the fourth quarter worth $108,000. Finally, Summit Investment Advisors Inc. raised its holdings 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 worth $186,000 after acquiring an additional 149 shares in the last quarter. Institutional investors and hedge funds own 37.35% of the company’s stock.
Tecnoglass Stock Down 1.2%
NASDAQ TGLS opened at $74.73 on Thursday. The company has a current ratio of 2.21, a quick ratio of 1.63 and a debt-to-equity ratio of 0.20. The stock’s 50 day moving average is $79.56 and its two-hundred day moving average is $76.54. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 23.35 and a beta of 1.84. Tecnoglass Inc. has a 1-year low of $46.47 and a 1-year high of $90.34.
Tecnoglass Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Monday, June 30th. Tecnoglass’s dividend payout ratio (DPR) is presently 16.22%.
Wall Street Analyst Weigh In
Separately, B. Riley initiated coverage on Tecnoglass in a report on Friday, May 16th. They set a “buy” rating and a $100.00 price objective for the company. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Tecnoglass has an average rating of “Moderate Buy” and a consensus price target of $83.00.
View Our Latest Stock Report on Tecnoglass
Tecnoglass Company 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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