Tecnoglass Inc. $TGLS Stock Holdings Lessened by Signaturefd LLC

Signaturefd LLC lessened its holdings in shares of Tecnoglass Inc. (NASDAQ:TGLS) by 19.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 718 shares of the company’s stock after selling 173 shares during the quarter. Signaturefd LLC’s holdings in Tecnoglass were worth $56,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC raised its position in Tecnoglass by 1,350.0% during the first quarter. JFS Wealth Advisors LLC now owns 435 shares of the company’s stock valued at $31,000 after acquiring an additional 405 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in Tecnoglass during the first quarter valued at approximately $38,000. Farther Finance Advisors LLC raised its position in Tecnoglass by 314.6% during the second quarter. Farther Finance Advisors LLC now owns 796 shares of the company’s stock valued at $62,000 after acquiring an additional 604 shares in the last quarter. Entropy Technologies LP bought a new position in Tecnoglass during the first quarter valued at approximately $200,000. Finally, Royal Bank of Canada raised its position in Tecnoglass by 8.3% during the first quarter. Royal Bank of Canada now owns 3,121 shares of the company’s stock valued at $224,000 after acquiring an additional 238 shares in the last quarter. Institutional investors own 37.35% of the company’s stock.

Tecnoglass Price Performance

Shares of TGLS opened at $66.12 on Monday. The firm has a market cap of $3.11 billion, a PE ratio of 20.66 and a beta of 1.83. The firm’s 50 day moving average price is $72.52 and its 200 day moving average price 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. Tecnoglass Inc. has a twelve month low of $60.25 and a twelve month high of $90.34.

Tecnoglass (NASDAQ:TGLS) last issued its quarterly earnings data on Thursday, August 7th. The company reported $1.03 earnings per share for the quarter, beating 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 last year, the firm earned $0.86 EPS. The business’s revenue was up 16.3% compared to the same quarter last year. Tecnoglass has set its FY 2025 guidance at EPS. As a group, research analysts expect 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 will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.9%. The ex-dividend date is Tuesday, September 30th. Tecnoglass’s dividend payout ratio (DPR) 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.