Chesapeake Capital Corp IL Acquires Shares of 6,601 Tecnoglass Inc. (NASDAQ:TGLS)

Chesapeake Capital Corp IL acquired a new stake in shares of Tecnoglass Inc. (NASDAQ:TGLS) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 6,601 shares of the company’s stock, valued at approximately $455,000.

Several other institutional investors and hedge funds have also bought and sold shares of TGLS. Amalgamated Bank bought a new position in shares of Tecnoglass in the second quarter worth $39,000. Signaturefd LLC boosted its holdings in shares of Tecnoglass by 4,735.7% in the third quarter. Signaturefd LLC now owns 677 shares of the company’s stock worth $46,000 after acquiring an additional 663 shares during the period. X Square Capital LLC boosted its holdings 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 period. PFG Investments LLC bought a new position in shares of Tecnoglass in the second quarter worth $220,000. Finally, EntryPoint Capital LLC bought a new position in shares of Tecnoglass in the first quarter worth $227,000. 37.35% of the stock is owned by institutional investors.

Tecnoglass Stock Performance

Tecnoglass stock opened at $73.17 on Monday. The stock’s 50 day simple moving average is $70.13 and its two-hundred day simple moving average is $59.05. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.63 and a current ratio of 2.21. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of 22.87 and a beta of 1.86. Tecnoglass Inc. has a fifty-two week low of $33.19 and a fifty-two week high of $80.51.

Tecnoglass (NASDAQ:TGLS) last posted its quarterly earnings data on Thursday, November 7th. The company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.11. The business had revenue of $237.90 million for the quarter, compared to analysts’ expectations of $240.19 million. Tecnoglass had a return on equity of 27.71% and a net margin of 17.82%. The business’s revenue was up 13.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.98 EPS. As a group, analysts expect that Tecnoglass Inc. will post 3.55 earnings per share for the current fiscal year.

Tecnoglass Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were given a $0.11 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.60%. Tecnoglass’s dividend payout ratio is currently 13.75%.

Analysts Set New Price Targets

TGLS has been the subject of a number of analyst reports. Robert W. Baird raised their price target on Tecnoglass from $85.00 to $88.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Sidoti lowered Tecnoglass from a “buy” rating to a “neutral” rating and set a $78.00 price objective for the company. in a research note on Tuesday, October 22nd. Stifel Nicolaus lifted their price objective on Tecnoglass from $50.00 to $59.00 and gave the company a “hold” rating in a research note on Friday, August 9th. B. Riley reissued a “neutral” rating and set a $72.00 price objective (up previously from $69.00) on shares of Tecnoglass in a research note on Thursday, October 10th. Finally, DA Davidson lifted their price objective on Tecnoglass from $65.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Tecnoglass has a consensus rating of “Hold” and a consensus price target of $77.40.

Insider Transactions at Tecnoglass

In other Tecnoglass news, major shareholder Holding Corp Energy sold 1,432,120 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $73.02, for a total transaction of $104,573,402.40. Following the completion of the sale, the insider now directly owns 23,195,988 shares in the company, valued at approximately $1,693,771,043.76. The trade was a 5.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $2,222,771.60. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.

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.