Linden Thomas Advisory Services LLC Sells 6,452 Shares of Tecnoglass Inc. $TGLS

Linden Thomas Advisory Services LLC reduced its holdings in shares of Tecnoglass Inc. (NASDAQ:TGLS) by 39.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,894 shares of the company’s stock after selling 6,452 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Tecnoglass were worth $765,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. New Age Alpha Advisors LLC bought a new position in Tecnoglass in the 1st quarter valued at about $38,000. Farther Finance Advisors LLC lifted its holdings 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 in the last quarter. Valley National Advisers Inc. purchased a new position in shares of Tecnoglass during the second quarter valued at approximately $120,000. R Squared Ltd bought a new stake in Tecnoglass during the second quarter worth $202,000. Finally, Entropy Technologies LP purchased a new stake in Tecnoglass in the 1st quarter valued at $200,000. Institutional investors and hedge funds own 37.35% of the company’s stock.

Tecnoglass Price Performance

Shares of NASDAQ:TGLS opened at $60.01 on Monday. 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 stock has a market cap of $2.82 billion, a PE ratio of 18.75 and a beta of 1.83. The stock’s fifty day simple moving average is $68.00 and its two-hundred day simple moving average is $74.38. Tecnoglass Inc. has a 1-year low of $57.93 and a 1-year high of $90.34.

Tecnoglass (NASDAQ:TGLS) last announced its earnings results on Thursday, August 7th. The company reported $1.03 EPS 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 period in the prior year, the company earned $0.86 earnings per share. The business’s quarterly revenue was up 16.3% on a year-over-year basis. Tecnoglass has set its FY 2025 guidance at EPS. As a group, analysts forecast that Tecnoglass Inc. will post 3.53 EPS for the current fiscal year.

Tecnoglass Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Tuesday, September 30th. Tecnoglass’s payout ratio is presently 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.