Tecnoglass Inc. (TGLS) Director Sells $28,240.00 in Stock

Tecnoglass Inc. (NASDAQ:TGLS) Director Martha L. Byorum sold 4,000 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $7.06, for a total value of $28,240.00. Following the completion of the transaction, the director now directly owns 113,651 shares of the company’s stock, valued at approximately $802,376.06. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Tecnoglass Inc. (NASDAQ TGLS) traded down $0.15 during mid-day trading on Monday, reaching $7.08. The company had a trading volume of 11,090 shares, compared to its average volume of 43,238. Tecnoglass Inc. has a one year low of $5.50 and a one year high of $12.50. The company has a current ratio of 2.38, a quick ratio of 1.74 and a debt-to-equity ratio of 1.79. The company has a market cap of $247.60, a price-to-earnings ratio of 16.43, a PEG ratio of 0.88 and a beta of 0.50.

The business also recently disclosed a dividend, which was paid on Friday, October 27th. Investors of record on Friday, September 29th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, September 28th. This is a positive change from Tecnoglass’s previous dividend of $0.13.

WARNING: “Tecnoglass Inc. (TGLS) Director Sells $28,240.00 in Stock” was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece of content on another site, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The correct version of this piece of content can be read at https://ledgergazette.com/2017/11/20/tecnoglass-inc-tgls-director-sells-28240-00-in-stock.html.

A number of hedge funds have recently bought and sold shares of the stock. Kennedy Capital Management Inc. increased its position in Tecnoglass by 113.9% during the 2nd quarter. Kennedy Capital Management Inc. now owns 292,636 shares of the company’s stock valued at $2,727,000 after buying an additional 155,847 shares in the last quarter. Boston Partners bought a new position in Tecnoglass during the 2nd quarter valued at approximately $975,000. Malaga Cove Capital LLC increased its position 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 buying an additional 17,881 shares in the last quarter. Vanguard Group Inc. increased its position 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 buying an additional 15,261 shares in the last quarter. Finally, Northern Trust Corp increased its position 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 buying an additional 4,588 shares in the last quarter. 3.43% of the stock is owned by institutional investors.

Several brokerages have recently issued reports on TGLS. Zacks Investment Research raised Tecnoglass from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. ValuEngine raised Tecnoglass from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Dougherty & Co lowered Tecnoglass from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 15th. Finally, BidaskClub lowered Tecnoglass from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $17.00.

Tecnoglass Company Profile

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.

Receive News & Ratings for Tecnoglass Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tecnoglass Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply