Tecnoglass (NASDAQ:TGLS) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Tecnoglass (NASDAQ:TGLS – Get Rating) in a research note issued to investors on Thursday. The brokerage issued a buy rating on the stock.

Other research analysts also recently issued research reports about the company. Raymond James upped their price objective on Tecnoglass from $35.00 to $42.00 and gave the stock a sector perform rating in a report on Tuesday, February 28th. Robert W. Baird upped their price objective on Tecnoglass from $42.00 to $50.00 in a report on Friday, March 3rd. Finally, B. Riley upped their price objective on Tecnoglass from $40.00 to $43.00 and gave the stock a buy rating in a report on Monday, February 6th.

Tecnoglass Trading Down 6.3 %

NASDAQ:TGLS opened at $36.96 on Thursday. The stock’s fifty day moving average price is $35.47 and its two-hundred day moving average price is $28.75. Tecnoglass has a 52-week low of $16.05 and a 52-week high of $43.84. The company has a quick ratio of 1.46, a current ratio of 2.06 and a debt-to-equity ratio of 0.48.

Tecnoglass Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 28th. Shareholders of record on Friday, March 31st will be given a dividend of $0.09 per share. This is a boost from Tecnoglass’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $0.36 annualized dividend and a dividend yield of 0.97%. Tecnoglass’s payout ratio is presently 9.15%.

Insider Buying and Selling at Tecnoglass

In other Tecnoglass news, major shareholder Holding Corp Energy bought 519,412 shares of the company’s stock in a transaction on Thursday, March 9th. The stock was bought at an average price of $42.26 per share, for a total transaction of $21,950,351.12. Following the transaction, the insider now owns 26,928,108 shares of the company’s stock, valued at approximately $1,137,981,844.08. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Tecnoglass news, COO Christian T. Daes sold 204,632 shares of the company’s stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $42.26, for a total transaction of $8,647,748.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Holding Corp Energy acquired 519,412 shares of the stock in a transaction that occurred on Thursday, March 9th. The stock was purchased at an average price of $42.26 per share, with a total value of $21,950,351.12. Following the transaction, the insider now owns 26,928,108 shares in the company, valued at $1,137,981,844.08. The disclosure for this purchase can be found here. Corporate insiders own 1.40% of the company’s stock.

Institutional Trading of Tecnoglass

A number of large investors have recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. increased its position in shares of Tecnoglass by 15.8% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 4,351 shares of the company’s stock valued at $134,000 after buying an additional 593 shares in the last quarter. Quantbot Technologies LP increased its position in shares of Tecnoglass by 10.4% in the 2nd quarter. Quantbot Technologies LP now owns 7,284 shares of the company’s stock valued at $127,000 after buying an additional 685 shares in the last quarter. UBS Group AG increased its position in shares of Tecnoglass by 22.1% in the 4th quarter. UBS Group AG now owns 4,589 shares of the company’s stock valued at $141,000 after buying an additional 831 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Tecnoglass by 6.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 19,224 shares of the company’s stock valued at $485,000 after buying an additional 1,106 shares in the last quarter. Finally, State Street Corp increased its position in shares of Tecnoglass by 1.6% in the 1st quarter. State Street Corp now owns 72,038 shares of the company’s stock valued at $1,823,000 after buying an additional 1,138 shares in the last quarter. Institutional investors own 23.64% of the company’s stock.

Tecnoglass Company Profile

(Get Rating)

Tecnoglass, Inc is a holding company, which engages in the design, manufacturing, distribution, marketing, and installation of architectural glass, windows and associated aluminum products for the global commercial and residential construction market. It operates through the following geographical segments: Colombia, United States, Panama, and Other.