Lisanti Capital Growth LLC Raises Holdings in Tecnoglass Inc. (NASDAQ:TGLS)

Lisanti Capital Growth LLC increased its holdings in Tecnoglass Inc. (NASDAQ:TGLS) by 58.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 43,595 shares of the company’s stock after acquiring an additional 16,040 shares during the period. Lisanti Capital Growth LLC owned approximately 0.09% of Tecnoglass worth $3,458,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in TGLS. Wellington Management Group LLP grew its position in Tecnoglass by 29.5% in the third quarter. Wellington Management Group LLP now owns 1,966,119 shares of the company’s stock worth $134,994,000 after acquiring an additional 447,647 shares during the period. State Street Corp boosted its position in shares of Tecnoglass by 29.1% during the third quarter. State Street Corp now owns 416,964 shares of the company’s stock worth $28,674,000 after buying an additional 93,968 shares during the period. Impax Asset Management Group plc boosted its position in shares of Tecnoglass by 65.0% during the third quarter. Impax Asset Management Group plc now owns 165,000 shares of the company’s stock worth $11,329,000 after buying an additional 65,000 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Tecnoglass during the fourth quarter worth $4,344,000. Finally, Verition Fund Management LLC boosted its position in shares of Tecnoglass by 262.5% during the third quarter. Verition Fund Management LLC now owns 48,894 shares of the company’s stock worth $3,357,000 after buying an additional 35,406 shares during the period. 37.35% of the stock is currently owned by hedge funds and other institutional investors.

Tecnoglass Stock Down 3.5 %

Shares of NASDAQ TGLS opened at $66.43 on Friday. The stock has a market cap of $3.12 billion, a P/E ratio of 20.76 and a beta of 1.94. 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 $40.94 and a 12-month high of $86.99. The business’s fifty day simple moving average is $76.82 and its 200-day simple moving average is $73.52.

Tecnoglass Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This is a boost from Tecnoglass’s previous quarterly dividend of $0.11. This represents a $0.60 dividend on an annualized basis and a yield of 0.90%. Tecnoglass’s dividend payout ratio (DPR) is currently 17.49%.

Wall Street Analyst Weigh In

TGLS has been the subject of several research analyst reports. StockNews.com initiated coverage on Tecnoglass in a research report on Saturday, December 14th. They set a “hold” rating for the company. DA Davidson raised their price target on Tecnoglass from $65.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, Robert W. Baird raised their price target on Tecnoglass from $85.00 to $88.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $77.40.

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.