nVerses Capital LLC Takes $70,000 Position in Interface, Inc. (NASDAQ:TILE)

nVerses Capital LLC acquired a new position in shares of Interface, Inc. (NASDAQ:TILE) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,700 shares of the textile maker’s stock, valued at approximately $70,000.

Other institutional investors have also recently bought and sold shares of the company. Creative Planning boosted its position in shares of Interface by 24.7% during the third quarter. Creative Planning now owns 22,720 shares of the textile maker’s stock worth $431,000 after purchasing an additional 4,496 shares in the last quarter. Inspire Investing LLC bought a new position in Interface during the third quarter worth about $1,267,000. Point72 DIFC Ltd bought a new position in Interface during the second quarter worth about $106,000. Algert Global LLC bought a new stake in shares of Interface in the second quarter worth about $1,828,000. Finally, Meros Investment Management LP raised its position in shares of Interface by 1.5% during the second quarter. Meros Investment Management LP now owns 698,305 shares of the textile maker’s stock worth $10,251,000 after purchasing an additional 10,616 shares during the period. Institutional investors and hedge funds own 98.34% of the company’s stock.

Interface Stock Down 3.7 %

NASDAQ:TILE opened at $19.38 on Tuesday. The stock has a 50-day simple moving average of $18.43 and a 200 day simple moving average of $16.65. Interface, Inc. has a 52-week low of $8.26 and a 52-week high of $20.21. The company has a market cap of $1.13 billion, a PE ratio of 19.19, a PEG ratio of 0.97 and a beta of 1.97. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.45 and a current ratio of 2.76.

Interface (NASDAQ:TILE) last issued its quarterly earnings results on Friday, August 2nd. The textile maker reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.12. The company had revenue of $346.60 million during the quarter, compared to analysts’ expectations of $340.21 million. Interface had a net margin of 5.20% and a return on equity of 18.42%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the business earned $0.25 EPS. On average, sell-side analysts expect that Interface, Inc. will post 1.28 EPS for the current fiscal year.

Interface Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.21%. Interface’s dividend payout ratio is 3.96%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TILE shares. StockNews.com upgraded Interface from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 6th. Barrington Research reissued an “outperform” rating and set a $22.00 price objective on shares of Interface in a research report on Friday, September 20th.

Insider Activity

In related news, CFO Bruce Andrew Hausmann sold 55,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $17.00, for a total transaction of $935,000.00. Following the sale, the chief financial officer now owns 198,475 shares in the company, valued at approximately $3,374,075. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Daniel T. Hendrix sold 3,403 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $15.99, for a total transaction of $54,413.97. Following the transaction, the director now directly owns 200,147 shares in the company, valued at $3,200,350.53. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Bruce Andrew Hausmann sold 55,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $17.00, for a total transaction of $935,000.00. Following the completion of the sale, the chief financial officer now directly owns 198,475 shares in the company, valued at approximately $3,374,075. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 80,858 shares of company stock worth $1,363,947 in the last quarter. Corporate insiders own 2.60% of the company’s stock.

About Interface

Interface, Inc designs, produces, and sells modular carpet products primarily worldwide. The company operates in two segments, Americas (AMS), and Europe, Africa, Asia and Australia (EAAA). The company offers modular carpets under the Interface and FLOR brand names; luxury vinyl tiles; carpet tiles under the CQuestGB name for use in commercial interiors, include offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, as well as residential interiors; and modular resilient flooring products.