Y Intercept Hong Kong Ltd Acquires New Holdings in Tecnoglass Inc. $TGLS

Y Intercept Hong Kong Ltd acquired a new position in Tecnoglass Inc. (NASDAQ:TGLS) in the second quarter, Holdings Channel reports. The fund acquired 3,788 shares of the company’s stock, valued at approximately $293,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. EntryPoint Capital LLC grew its stake in Tecnoglass by 178.8% in the first quarter. EntryPoint Capital LLC now owns 7,144 shares of the company’s stock valued at $511,000 after purchasing an additional 4,582 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Tecnoglass by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 540,314 shares of the company’s stock valued at $38,659,000 after buying an additional 22,879 shares in the last quarter. Jump Financial LLC boosted its holdings in shares of Tecnoglass by 69.4% in the 1st quarter. Jump Financial LLC now owns 20,825 shares of the company’s stock valued at $1,490,000 after buying an additional 8,534 shares in the last quarter. Northern Trust Corp grew its position 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 during the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Tecnoglass by 15.6% during the 1st quarter. Wellington Management Group LLP now owns 1,883,864 shares of the company’s stock worth $134,790,000 after acquiring an additional 254,686 shares in the last quarter. Institutional investors own 37.35% of the company’s stock.

Tecnoglass Price Performance

Shares of TGLS opened at $49.52 on Friday. The company has a 50 day moving average of $64.99 and a two-hundred day moving average of $73.57. 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 twelve month low of $49.38 and a twelve month high of $90.34. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 15.48 and a beta of 1.78.

Tecnoglass (NASDAQ:TGLS) last issued its quarterly earnings data on Thursday, November 6th. The company reported $1.00 EPS for the quarter, missing the consensus estimate of $1.11 by ($0.11). Tecnoglass had a net margin of 17.82% and a return on equity of 27.71%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.08 EPS. Tecnoglass has set its FY 2025 guidance at EPS. As a group, analysts predict that Tecnoglass Inc. will post 3.53 earnings per share for the current fiscal year.

Tecnoglass Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 30th. Tecnoglass’s dividend payout ratio (DPR) is currently 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.