Nilsine Partners LLC Buys 24,719 Shares of Tecnoglass Inc. (NASDAQ:TGLS)

Nilsine Partners LLC lifted its stake in Tecnoglass Inc. (NASDAQ:TGLS) by 148.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,386 shares of the company’s stock after acquiring an additional 24,719 shares during the quarter. Nilsine Partners LLC owned 0.09% of Tecnoglass worth $2,961,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in TGLS. FMR LLC grew its stake in shares of Tecnoglass by 49.2% in the fourth quarter. FMR LLC now owns 5,412,322 shares of the company’s stock worth $429,305,000 after acquiring an additional 1,785,602 shares during the period. Capital World Investors bought a new stake in shares of Tecnoglass in the fourth quarter worth approximately $23,530,000. Marshall Wace LLP bought a new stake in shares of Tecnoglass in the fourth quarter worth approximately $19,638,000. Invesco Ltd. grew its stake in shares of Tecnoglass by 486.8% in the fourth quarter. Invesco Ltd. now owns 147,070 shares of the company’s stock worth $11,666,000 after acquiring an additional 122,006 shares during the period. Finally, one8zero8 LLC bought a new stake in shares of Tecnoglass in the fourth quarter worth approximately $8,021,000. 37.35% of the stock is currently owned by institutional investors.

Tecnoglass Stock Performance

TGLS opened at $73.20 on Friday. 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 market cap of $3.44 billion, a price-to-earnings ratio of 22.88 and a beta of 1.85. The company’s 50 day moving average is $79.23 and its 200 day moving average is $76.69. Tecnoglass Inc. has a 12-month low of $40.94 and a 12-month high of $90.34.

Tecnoglass (NASDAQ:TGLS) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.92 earnings per share (EPS) 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 business’s revenue was up 15.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.66 EPS. On average, equities research analysts predict that Tecnoglass Inc. will post 3.53 EPS for the current year.

Tecnoglass Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.82%. The ex-dividend date is Monday, June 30th. Tecnoglass’s dividend payout ratio is currently 16.22%.

Wall Street Analyst Weigh In

Separately, B. Riley began coverage on shares of Tecnoglass in a research note on Friday, May 16th. They issued a “buy” rating and a $100.00 price target for the company. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $83.00.

Tecnoglass Company 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.