DGS Capital Management LLC Buys Shares of 2,972 Tecnoglass Inc. (NASDAQ:TGLS)

DGS Capital Management LLC purchased a new position in shares of Tecnoglass Inc. (NASDAQ:TGLS) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,972 shares of the company’s stock, valued at approximately $204,000.

Other institutional investors have also modified their holdings of the company. Signaturefd LLC lifted its position in Tecnoglass by 4,735.7% during the third quarter. Signaturefd LLC now owns 677 shares of the company’s stock worth $46,000 after buying an additional 663 shares during the period. Amalgamated Bank acquired a new position in shares of Tecnoglass during the 2nd quarter valued at about $39,000. Wolverine Trading LLC purchased a new position in shares of Tecnoglass during the 3rd quarter worth about $225,000. X Square Capital LLC boosted its position in shares of Tecnoglass by 5.7% in the second quarter. X Square Capital LLC now owns 4,363 shares of the company’s stock worth $219,000 after acquiring an additional 237 shares during the last quarter. Finally, PFG Investments LLC purchased a new stake in Tecnoglass in the second quarter valued at approximately $220,000. Institutional investors and hedge funds own 37.35% of the company’s stock.

Insider Activity

In other Tecnoglass news, Director Julio A. Torres sold 30,520 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $72.83, for a total value of $2,222,771.60. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Holding Corp Energy sold 1,432,120 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $73.02, for a total value of $104,573,402.40. Following the sale, the insider now owns 23,195,988 shares of the company’s stock, valued at $1,693,771,043.76. This represents a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

TGLS has been the topic of a number of recent analyst reports. Raymond James downgraded shares of Tecnoglass from a “strong-buy” rating to a “market perform” rating in a research note on Tuesday, October 22nd. B. Riley reiterated a “neutral” rating and issued a $72.00 target price (up previously from $69.00) on shares of Tecnoglass in a report on Thursday, October 10th. StockNews.com initiated coverage on Tecnoglass in a research report on Saturday. They set a “hold” rating for the company. DA Davidson raised their price objective on Tecnoglass from $65.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, Sidoti cut Tecnoglass from a “buy” rating to a “neutral” rating and set a $78.00 target price for the company. in a report on Tuesday, October 22nd. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $77.40.

Tecnoglass Stock Down 1.1 %

Shares of NASDAQ TGLS opened at $83.72 on Friday. The stock has a fifty day moving average price of $75.66 and a 200 day moving average price of $62.67. The company has a market cap of $3.93 billion, a P/E ratio of 26.16 and a beta of 1.89. Tecnoglass Inc. has a 12-month low of $40.49 and a 12-month high of $86.08. The company has a current ratio of 2.21, a quick ratio of 1.63 and a debt-to-equity ratio of 0.20.

Tecnoglass (NASDAQ:TGLS) last posted its earnings results on Thursday, November 7th. The company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.11. The business had revenue of $237.90 million during the quarter, compared to analyst estimates of $240.19 million. Tecnoglass had a return on equity of 27.71% and a net margin of 17.82%. The company’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.98 earnings per share. Research analysts anticipate that Tecnoglass Inc. will post 3.55 EPS for the current fiscal year.

Tecnoglass Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.15 per share. This is a boost from Tecnoglass’s previous quarterly dividend of $0.11. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Tuesday, December 31st. Tecnoglass’s payout ratio is presently 13.75%.

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.