R Squared Ltd Invests $202,000 in Tecnoglass Inc. $TGLS

R Squared Ltd acquired a new position in Tecnoglass Inc. (NASDAQ:TGLS) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 2,617 shares of the company’s stock, valued at approximately $202,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. New Age Alpha Advisors LLC bought a new stake in shares of Tecnoglass in the 1st quarter worth $38,000. Farther Finance Advisors LLC raised its position in shares of Tecnoglass by 314.6% during the second quarter. Farther Finance Advisors LLC now owns 796 shares of the company’s stock worth $62,000 after purchasing an additional 604 shares during the period. Valley National Advisers Inc. acquired a new stake in shares of Tecnoglass during the second quarter worth $120,000. Entropy Technologies LP acquired a new stake in shares of Tecnoglass during the first quarter worth $200,000. Finally, Royal Bank of Canada raised its position in shares of Tecnoglass by 8.3% during the first quarter. Royal Bank of Canada now owns 3,121 shares of the company’s stock worth $224,000 after purchasing an additional 238 shares during the period. Institutional investors own 37.35% of the company’s stock.

Tecnoglass Stock Up 0.4%

Shares of Tecnoglass stock opened at $60.01 on Friday. The stock’s fifty day moving average is $68.00 and its 200-day moving average is $74.35. The firm has a market capitalization of $2.82 billion, a PE ratio of 18.75 and a beta of 1.83. The company has a quick ratio of 1.63, a current ratio of 2.21 and a debt-to-equity ratio of 0.20. Tecnoglass Inc. has a 12-month low of $57.93 and a 12-month high of $90.34.

Tecnoglass (NASDAQ:TGLS) last announced its earnings results on Thursday, August 7th. The company reported $1.03 earnings per share (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%.The firm’s revenue was up 16.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.86 EPS. Tecnoglass has set its FY 2025 guidance at EPS. Equities analysts anticipate that Tecnoglass Inc. will post 3.53 earnings per share for the current year.

Tecnoglass Announces Dividend

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