Farther Finance Advisors LLC Has $62,000 Stock Holdings in Tecnoglass Inc. $TGLS

Farther Finance Advisors LLC grew its position in Tecnoglass Inc. (NASDAQ:TGLS) by 314.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 796 shares of the company’s stock after purchasing an additional 604 shares during the period. Farther Finance Advisors LLC’s holdings in Tecnoglass were worth $62,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. EntryPoint Capital LLC raised its holdings in Tecnoglass by 178.8% in the first quarter. EntryPoint Capital LLC now owns 7,144 shares of the company’s stock worth $511,000 after purchasing an additional 4,582 shares during the period. GAMMA Investing LLC raised its holdings in Tecnoglass by 5,771.4% in the first quarter. GAMMA Investing LLC now owns 17,673 shares of the company’s stock worth $1,265,000 after purchasing an additional 17,372 shares during the period. Vanguard Group Inc. raised its holdings in Tecnoglass by 4.4% in the first quarter. Vanguard Group Inc. now owns 540,314 shares of the company’s stock worth $38,659,000 after purchasing an additional 22,879 shares during the period. Jump Financial LLC raised its holdings in Tecnoglass by 69.4% in the first quarter. Jump Financial LLC now owns 20,825 shares of the company’s stock worth $1,490,000 after purchasing an additional 8,534 shares during the period. Finally, Northern Trust Corp raised its holdings in Tecnoglass by 9.1% in the first quarter. Northern Trust Corp now owns 219,526 shares of the company’s stock worth $15,707,000 after purchasing an additional 18,251 shares during the period. 37.35% of the stock is currently owned by institutional investors and hedge funds.

Tecnoglass Trading Down 0.4%

TGLS opened at $66.12 on Monday. The firm’s fifty day moving average is $72.52 and its two-hundred day moving average is $75.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.63 and a current ratio of 2.21. The firm has a market cap of $3.11 billion, a PE ratio of 20.66 and a beta of 1.83. Tecnoglass Inc. has a twelve month low of $60.25 and a twelve month high of $90.34.

Tecnoglass (NASDAQ:TGLS) last posted its earnings results on Thursday, August 7th. The company reported $1.03 earnings per share 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 period last year, the firm earned $0.86 EPS. The company’s revenue for the quarter was up 16.3% on a year-over-year basis. Tecnoglass has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Tecnoglass Inc. will post 3.53 EPS for the current year.

Tecnoglass Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Tuesday, September 30th. Tecnoglass’s dividend payout ratio (DPR) is presently 15.42%.

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.