Captrust Financial Advisors Decreases Stock Holdings in Tecnoglass Inc. (NASDAQ:TGLS)

Captrust Financial Advisors trimmed its stake in shares of Tecnoglass Inc. (NASDAQ:TGLS) by 10.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,884 shares of the company’s stock after selling 436 shares during the period. Captrust Financial Advisors’ holdings in Tecnoglass were worth $308,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. R Squared Ltd purchased a new position in shares of Tecnoglass during the fourth quarter valued at approximately $70,000. 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 valued at $71,000 after purchasing an additional 221 shares during 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 valued at $81,000 after purchasing an additional 1,007 shares during 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 valued at $86,000 after purchasing an additional 170 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Tecnoglass during the fourth quarter valued at approximately $108,000. 37.35% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, B. Riley started coverage on shares of Tecnoglass in a report on Friday, May 16th. They set a “buy” rating and a $100.00 target price for the company. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.00.

Tecnoglass Stock Down 1.0%

Shares of TGLS stock opened at $85.74 on Wednesday. Tecnoglass Inc. has a 12 month low of $40.94 and a 12 month high of $89.36. The stock has a market cap of $4.03 billion, a P/E ratio of 26.79 and a beta of 1.85. 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 company has a 50 day simple moving average of $72.89 and a two-hundred day simple moving average of $75.47.

Tecnoglass (NASDAQ:TGLS) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.10. Tecnoglass had a net margin of 17.82% and a return on equity of 27.71%. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same period last year, the company earned $0.66 earnings per share. On average, research analysts expect that Tecnoglass Inc. will post 3.53 earnings per share for the current year.

Tecnoglass Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were given a $0.15 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.70%. Tecnoglass’s payout ratio is currently 16.22%.

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.