Tecnoglass Inc. (TGLS) Director Martha L. Byorum Sells 7,000 Shares
Tecnoglass Inc. (NASDAQ:TGLS) Director Martha L. Byorum sold 7,000 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $7.09, for a total value of $49,630.00. Following the completion of the transaction, the director now owns 113,651 shares in the company, valued at $805,785.59. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Tecnoglass Inc. (NASDAQ TGLS) traded down $0.15 during mid-day trading on Monday, hitting $7.08. The stock had a trading volume of 11,090 shares, compared to its average volume of 43,238. The stock has a market cap of $247.60, a P/E ratio of 16.43, a P/E/G ratio of 0.88 and a beta of 0.50. Tecnoglass Inc. has a 52-week low of $5.50 and a 52-week high of $12.50. The company has a current ratio of 2.38, a quick ratio of 1.74 and a debt-to-equity ratio of 1.79.
The company also recently declared a dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, September 29th were paid a $0.14 dividend. This is an increase from Tecnoglass’s previous dividend of $0.13. The ex-dividend date of this dividend was Thursday, September 28th.
COPYRIGHT VIOLATION WARNING: This piece was first published by Daily Political and is the sole property of of Daily Political. If you are reading this piece on another site, it was copied illegally and reposted in violation of international copyright law. The correct version of this piece can be viewed at https://www.dailypolitical.com/2017/11/20/tecnoglass-inc-tgls-director-martha-l-byorum-sells-7000-shares.html.
A number of institutional investors have recently made changes to their positions in the stock. Northern Trust Corp raised its holdings in Tecnoglass by 15.6% in the 2nd quarter. Northern Trust Corp now owns 34,006 shares of the company’s stock worth $317,000 after purchasing an additional 4,588 shares during the period. Wells Fargo & Company MN raised its holdings in Tecnoglass by 36.7% in the 2nd quarter. Wells Fargo & Company MN now owns 22,001 shares of the company’s stock worth $205,000 after purchasing an additional 5,902 shares during the period. Vanguard Group Inc. raised its holdings in Tecnoglass by 24.6% in the 2nd quarter. Vanguard Group Inc. now owns 77,402 shares of the company’s stock worth $722,000 after purchasing an additional 15,261 shares during the period. Malaga Cove Capital LLC raised its holdings in Tecnoglass by 23.8% in the 3rd quarter. Malaga Cove Capital LLC now owns 92,905 shares of the company’s stock worth $654,000 after purchasing an additional 17,881 shares during the period. Finally, Boston Partners bought a new position in Tecnoglass in the 2nd quarter worth $975,000. 3.43% of the stock is currently owned by institutional investors.
A number of equities analysts have recently issued reports on the company. BidaskClub upgraded Tecnoglass from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Dougherty & Co downgraded Tecnoglass from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 15th. Zacks Investment Research upgraded Tecnoglass from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Finally, ValuEngine upgraded Tecnoglass from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Tecnoglass presently has a consensus rating of “Hold” and an average price target of $17.00.
Tecnoglass Company Profile
Tecnoglass Inc, through its subsidiaries, manufactures and sells architectural glass and windows for residential and commercial construction industries in North, Central, and South America. The company offers soft coat, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass.
Receive News & Ratings for Tecnoglass Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tecnoglass Inc. and related companies with MarketBeat.com's FREE daily email newsletter.