Martha L. Byorum Sells 2,000 Shares of Tecnoglass Inc (NASDAQ:TGLS) Stock

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Tecnoglass Inc (NASDAQ:TGLS) Director Martha L. Byorum sold 2,000 shares of Tecnoglass stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $5.40, for a total value of $10,800.00. Following the completion of the transaction, the director now owns 70,564 shares in the company, valued at approximately $381,045.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of TGLS stock opened at $5.12 on Wednesday. The business’s 50-day moving average price is $5.36 and its 200-day moving average price is $4.70. Tecnoglass Inc has a 12 month low of $2.15 and a 12 month high of $8.93. The firm has a market capitalization of $236.12 million, a price-to-earnings ratio of 34.14, a PEG ratio of 0.50 and a beta of 1.45. The company has a current ratio of 2.51, a quick ratio of 1.85 and a debt-to-equity ratio of 1.47.

Tecnoglass (NASDAQ:TGLS) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.07. The firm had revenue of $81.94 million for the quarter, compared to analyst estimates of $90.21 million. Tecnoglass had a return on equity of 17.80% and a net margin of 1.89%. On average, sell-side analysts predict that Tecnoglass Inc will post 0.52 earnings per share for the current fiscal year.

A number of research analysts have issued reports on TGLS shares. ValuEngine cut Tecnoglass from a “hold” rating to a “sell” rating in a research report on Monday, August 3rd. BidaskClub lowered Tecnoglass from a “buy” rating to a “hold” rating in a research note on Wednesday, August 26th. Raymond James lifted their price target on Tecnoglass from $6.00 to $7.00 and gave the company a “strong-buy” rating in a research note on Friday, August 7th. Finally, Zacks Investment Research raised Tecnoglass from a “hold” rating to a “buy” rating and set a $6.25 price target on the stock in a research note on Thursday, August 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Tecnoglass has an average rating of “Hold” and an average target price of $5.92.

Several institutional investors have recently bought and sold shares of the stock. Heartland Advisors Inc. lifted its stake in shares of Tecnoglass by 175.4% in the second quarter. Heartland Advisors Inc. now owns 350,000 shares of the company’s stock worth $1,908,000 after acquiring an additional 222,935 shares during the period. Penn Capital Management Co. Inc. lifted its stake in shares of Tecnoglass by 12.7% in the first quarter. Penn Capital Management Co. Inc. now owns 287,099 shares of the company’s stock worth $1,108,000 after acquiring an additional 32,265 shares during the period. Monarch Partners Asset Management LLC lifted its stake in shares of Tecnoglass by 8.2% in the second quarter. Monarch Partners Asset Management LLC now owns 189,623 shares of the company’s stock worth $1,033,000 after acquiring an additional 14,440 shares during the period. Invesco Ltd. lifted its stake in shares of Tecnoglass by 95.7% in the first quarter. Invesco Ltd. now owns 130,260 shares of the company’s stock worth $503,000 after acquiring an additional 63,696 shares during the period. Finally, Sei Investments Co. lifted its stake in shares of Tecnoglass by 15.8% in the second quarter. Sei Investments Co. now owns 100,202 shares of the company’s stock worth $546,000 after acquiring an additional 13,672 shares during the period. 15.66% of the stock is currently owned by institutional investors.

Tecnoglass Company Profile

Tecnoglass Inc, through its subsidiaries, manufactures, supplies, and installs architectural glass, windows, and associated aluminum products for the commercial and residential construction industries in North, Central, and South America. The company offers low emissivity, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass products.

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