Valley National Advisers Inc. Purchases New Position in Tecnoglass Inc. $TGLS

Valley National Advisers Inc. purchased a new stake in shares of Tecnoglass Inc. (NASDAQ:TGLS) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,563 shares of the company’s stock, valued at approximately $120,000.

Several other hedge funds have also modified their holdings of TGLS. EntryPoint Capital LLC boosted its position in shares of Tecnoglass by 178.8% during the 1st quarter. EntryPoint Capital LLC now owns 7,144 shares of the company’s stock valued at $511,000 after acquiring an additional 4,582 shares during the last quarter. GAMMA Investing LLC raised its stake in Tecnoglass by 5,771.4% during the first quarter. GAMMA Investing LLC now owns 17,673 shares of the company’s stock valued at $1,265,000 after purchasing an additional 17,372 shares in the last quarter. Vanguard Group Inc. lifted its position in Tecnoglass by 4.4% during the first quarter. Vanguard Group Inc. now owns 540,314 shares of the company’s stock valued at $38,659,000 after purchasing an additional 22,879 shares during the last quarter. Jump Financial LLC grew its stake in shares of Tecnoglass by 69.4% in the 1st quarter. Jump Financial LLC now owns 20,825 shares of the company’s stock worth $1,490,000 after buying an additional 8,534 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Tecnoglass by 9.1% in the 1st quarter. Northern Trust Corp now owns 219,526 shares of the company’s stock worth $15,707,000 after buying an additional 18,251 shares in the last quarter. 37.35% of the stock is owned by hedge funds and other institutional investors.

Tecnoglass Stock Down 0.0%

Shares of NASDAQ TGLS opened at $66.18 on Tuesday. The company has a current ratio of 2.21, a quick ratio of 1.63 and a debt-to-equity ratio of 0.20. Tecnoglass Inc. has a 12-month low of $60.25 and a 12-month high of $90.34. The firm’s 50-day moving average price is $72.30 and its 200-day moving average price is $75.11. The stock has a market capitalization of $3.11 billion, a price-to-earnings ratio of 20.68 and a beta of 1.83.

Tecnoglass (NASDAQ:TGLS) last released its quarterly earnings results on Thursday, August 7th. The company reported $1.03 EPS for the quarter, topping the consensus estimate 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 company’s revenue for the quarter was up 16.3% on a year-over-year basis. Tecnoglass has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Tecnoglass Inc. will post 3.53 EPS for the current fiscal 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 annualized dividend and a dividend yield of 0.9%. Tecnoglass’s payout ratio is currently 15.42%.

About Tecnoglass

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.