Tecnoglass Inc. (TGLS) Director Martha L. Byorum Sells 7,000 Shares

Tecnoglass Inc. (NASDAQ:TGLS) Director Martha L. Byorum sold 7,000 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $7.09, for a total value of $49,630.00. Following the transaction, the director now directly owns 113,651 shares in the company, valued at approximately $805,785.59. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Tecnoglass Inc. (NASDAQ:TGLS) traded up $0.20 during midday trading on Wednesday, reaching $7.40. The company’s stock had a trading volume of 24,500 shares, compared to its average volume of 42,301. Tecnoglass Inc. has a 1-year low of $5.50 and a 1-year high of $12.34. 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 stock has a market cap of $246.58, a PE ratio of 16.36, a P/E/G ratio of 0.84 and a beta of 0.51.

A number of equities analysts have weighed in on the company. ValuEngine upgraded Tecnoglass from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded Tecnoglass from a “hold” rating to a “buy” rating and set a $8.00 price objective for the company in a report on Wednesday, November 22nd. Dougherty & Co cut Tecnoglass from a “buy” rating to a “neutral” rating in a report on Tuesday, August 15th. Finally, BidaskClub cut Tecnoglass from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th.

Large investors have recently made changes to their positions in the company. Wells Fargo & Company MN increased its position 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 buying an additional 5,902 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Tecnoglass by 15.6% in the 2nd quarter. Northern Trust Corp now owns 34,006 shares of the company’s stock worth $317,000 after purchasing an additional 4,588 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Tecnoglass by 24.6% in the 2nd quarter. Vanguard Group Inc. now owns 77,402 shares of the company’s stock worth $722,000 after purchasing an additional 15,261 shares in the last quarter. Malaga Cove Capital LLC increased its holdings in shares of Tecnoglass by 23.8% in the 3rd quarter. Malaga Cove Capital LLC now owns 92,905 shares of the company’s stock worth $654,000 after purchasing an additional 17,881 shares in the last quarter. Finally, Boston Partners bought a new stake in shares of Tecnoglass in the 2nd quarter worth $975,000. 2.56% of the stock is owned by hedge funds and other institutional investors.

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About Tecnoglass

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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