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Trade Alert: The CEO & Director Of Tecnoglass Inc. (NYSE:TGLS), José Manuel Daes, Has Sold Some Shares Recently
Some Tecnoglass Inc. (NYSE:TGLS) shareholders may be a little concerned to see that the CEO & Director, José Manuel Daes, recently sold a substantial US$12m worth of stock at a price of US$42.26 per share. Probably the most concerning element of the whole transaction is that the disposal amounted to 100% of their entire holding.
Check out our latest analysis for Tecnoglass
The Last 12 Months Of Insider Transactions At Tecnoglass
Notably, that recent sale by José Manuel Daes is the biggest insider sale of Tecnoglass shares that we've seen in the last year. So we know that an insider sold shares at around the present share price of US$39.45. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.
Tecnoglass insiders didn't buy any shares over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
Insider Ownership
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. It appears that Tecnoglass insiders own 2.0% of the company, worth about US$38m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About Tecnoglass Insiders?
Insiders sold stock recently, but they haven't been buying. And even if we look at the last year, we didn't see any purchases. But since Tecnoglass is profitable and growing, we're not too worried by this. While insiders do own shares, they don't own a heap, and they have been selling. We'd practice some caution before buying! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Tecnoglass. For instance, we've identified 2 warning signs for Tecnoglass (1 shouldn't be ignored) you should be aware of.
But note: Tecnoglass may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
What are the risks and opportunities for Tecnoglass?
Tecnoglass Inc., through its subsidiaries, designs, produces, markets, and installs architectural systems for the commercial and residential construction industries in Colombia, the United States, Panama, and internationally.
Rewards
Trading at 2.4% below our estimate of its fair value
Earnings are forecast to grow 10.17% per year
Earnings grew by 128.5% over the past year
Risks
High level of non-cash earnings
Significant insider selling over the past 3 months
Further research on
Tecnoglass
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NYSE:TGLS
Tecnoglass
Tecnoglass Inc., through its subsidiaries, designs, produces, markets, and installs architectural systems for the commercial and residential construction industries in Colombia, the United States, Panama, and internationally.
Flawless balance sheet and undervalued.
