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

Linden Thomas Advisory Services LLC decreased its position in shares of Tecnoglass Inc. (NASDAQ:TGLS) by 39.5% in the 2nd quarter, Holdings Channel reports. 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 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TGLS. Nations Financial Group Inc. IA ADV lifted its holdings in Tecnoglass by 1.6% during the first quarter. Nations Financial Group Inc. IA ADV now owns 10,042 shares of the company’s stock valued at $719,000 after purchasing an additional 160 shares during the last quarter. Royal Bank of Canada raised its position in shares of Tecnoglass by 8.3% in the first quarter. Royal Bank of Canada now owns 3,121 shares of the company’s stock valued at $224,000 after purchasing an additional 238 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Tecnoglass by 1.2% during the 1st quarter. Principal Financial Group Inc. now owns 26,982 shares of the company’s stock valued at $1,931,000 after buying an additional 331 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Tecnoglass during the 1st quarter valued at approximately $38,000. Finally, Farther Finance Advisors LLC grew its stake in Tecnoglass by 314.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 796 shares of the company’s stock valued at $62,000 after buying an additional 604 shares in the last quarter. 37.35% of the stock is currently owned by institutional investors.

Tecnoglass Trading Up 0.4%

Shares of TGLS stock opened at $60.01 on Monday. The stock has a market capitalization of $2.82 billion, a price-to-earnings ratio of 18.75 and a beta of 1.83. The company’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. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.21 and a quick ratio of 1.63.

Tecnoglass (NASDAQ:TGLS) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.07. Tecnoglass had a return on equity of 27.71% and a net margin of 17.82%.During the same period last year, the company earned $0.86 earnings per share. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. Tecnoglass has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Tecnoglass Inc. will post 3.53 earnings per share for the current year.

Tecnoglass Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be issued 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 of this dividend is Tuesday, September 30th. Tecnoglass’s dividend payout ratio is presently 15.42%.

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.