Martha L. Byorum Sells 4,000 Shares of Tecnoglass Inc. (TGLS) Stock
Tecnoglass Inc. (NASDAQ:TGLS) Director Martha L. Byorum sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $7.06, for a total transaction of $28,240.00. Following the transaction, the director now directly owns 113,651 shares in the company, valued at approximately $802,376.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Tecnoglass Inc. (TGLS) opened at $7.13 on Wednesday. Tecnoglass Inc. has a 52-week low of $5.50 and a 52-week high of $12.50. The stock has a market cap of $242.47, a price-to-earnings ratio of 16.09, a PEG ratio of 0.82 and a beta of 0.51. The company has a quick ratio of 1.74, a current ratio of 2.38 and a debt-to-equity ratio of 1.79.
The company also recently declared a dividend, which was paid on Friday, October 27th. Investors of record on Friday, September 29th were issued a dividend of $0.14 per share. This is a positive change from Tecnoglass’s previous dividend of $0.13. The ex-dividend date was Thursday, September 28th.
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Several equities analysts recently commented on TGLS shares. Zacks Investment Research raised shares of Tecnoglass from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Dougherty & Co lowered shares of Tecnoglass from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 15th. BidaskClub lowered shares of Tecnoglass from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Finally, ValuEngine raised shares of Tecnoglass from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Tecnoglass currently has a consensus rating of “Hold” and a consensus target price of $12.50.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TGLS. Wells Fargo & Company MN grew its holdings in Tecnoglass by 36.7% during the 2nd quarter. Wells Fargo & Company MN now owns 22,001 shares of the company’s stock valued at $205,000 after purchasing an additional 5,902 shares in the last quarter. Northern Trust Corp grew its holdings in Tecnoglass by 15.6% during the 2nd quarter. Northern Trust Corp now owns 34,006 shares of the company’s stock valued at $317,000 after purchasing an additional 4,588 shares in the last quarter. Malaga Cove Capital LLC grew its holdings in Tecnoglass by 23.8% during the 3rd quarter. Malaga Cove Capital LLC now owns 92,905 shares of the company’s stock valued at $654,000 after purchasing an additional 17,881 shares in the last quarter. Vanguard Group Inc. grew its holdings in Tecnoglass by 24.6% during the 2nd quarter. Vanguard Group Inc. now owns 77,402 shares of the company’s stock valued at $722,000 after purchasing an additional 15,261 shares in the last quarter. Finally, Boston Partners acquired a new stake in Tecnoglass during the 2nd quarter valued at $975,000. 3.43% of the stock is owned by institutional investors and hedge funds.
Tecnoglass Inc, through its subsidiaries, manufactures and sells architectural glass and windows for residential and commercial construction industries in North, Central, and South America. The company offers soft coat, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass.
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