Tecnoglass Inc. $TGLS Shares Sold by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC decreased its position in shares of Tecnoglass Inc. (NYSE:TGLS) by 70.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 5,591 shares of the company’s stock after selling 13,226 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Tecnoglass were worth $374,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of TGLS. First Horizon Corp acquired a new position in Tecnoglass in the 3rd quarter valued at $28,000. Farther Finance Advisors LLC grew its position in shares of Tecnoglass by 314.6% in the second quarter. Farther Finance Advisors LLC now owns 796 shares of the company’s stock valued at $62,000 after purchasing an additional 604 shares during the period. Valley National Advisers Inc. acquired a new position in Tecnoglass in the second quarter valued at $120,000. Ameritas Investment Partners Inc. increased its stake in Tecnoglass by 5.7% in the second quarter. Ameritas Investment Partners Inc. now owns 2,485 shares of the company’s stock valued at $192,000 after purchasing an additional 135 shares during the last quarter. Finally, R Squared Ltd purchased a new position in Tecnoglass during the second quarter worth about $202,000. Institutional investors and hedge funds own 37.35% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on TGLS shares. Weiss Ratings restated a “hold (c)” rating on shares of Tecnoglass in a report on Monday, December 22nd. Zacks Research raised shares of Tecnoglass from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Finally, DA Davidson lowered their target price on shares of Tecnoglass from $95.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $90.00.

Tecnoglass Stock Down 3.7%

Shares of NYSE TGLS opened at $50.55 on Friday. The company has a current ratio of 1.98, a quick ratio of 1.40 and a debt-to-equity ratio of 0.15. Tecnoglass Inc. has a fifty-two week low of $44.26 and a fifty-two week high of $90.34. The company’s 50 day simple moving average is $50.84. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 13.13, a PEG ratio of 0.58 and a beta of 1.71.

Tecnoglass (NYSE:TGLS) last issued its quarterly earnings results on Thursday, November 6th. The company reported $1.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.11). Tecnoglass had a return on equity of 26.64% and a net margin of 18.46%.The firm’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.08 earnings per share.

Tecnoglass Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, December 31st will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, December 31st. Tecnoglass’s dividend payout ratio (DPR) is 15.58%.

Tecnoglass Company Profile

Tecnoglass, Inc is a vertically integrated designer, manufacturer and distributor of architectural glass, windows and aluminum products for the construction industry. The company’s product portfolio includes tempered, laminated and insulated glass units, high‐performance aluminum windows, curtainwall systems and storefront solutions tailored to commercial, residential and institutional projects.

Established in 1994 as a family‐run enterprise in Barranquilla, Colombia, Tecnoglass has grown through significant investments in automated production lines, research and development, and international quality certifications.