Venturi Wealth Management LLC Has $27,000 Position in Interface, Inc. (NASDAQ:TILE)

Venturi Wealth Management LLC raised its holdings in Interface, Inc. (NASDAQ:TILE) by 204.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,117 shares of the textile maker’s stock after acquiring an additional 750 shares during the quarter. Venturi Wealth Management LLC’s holdings in Interface were worth $27,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its position in shares of Interface by 3.8% in the fourth quarter. Principal Financial Group Inc. now owns 315,596 shares of the textile maker’s stock worth $7,685,000 after buying an additional 11,546 shares during the last quarter. Principal Securities Inc. raised its stake in shares of Interface by 103.1% in the 4th quarter. Principal Securities Inc. now owns 1,460 shares of the textile maker’s stock valued at $36,000 after acquiring an additional 741 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Interface in the 4th quarter worth approximately $228,000. MeadowBrook Investment Advisors LLC bought a new stake in Interface during the fourth quarter worth approximately $257,000. Finally, Jennison Associates LLC grew its holdings in Interface by 103.2% during the fourth quarter. Jennison Associates LLC now owns 65,494 shares of the textile maker’s stock valued at $1,595,000 after purchasing an additional 33,264 shares during the last quarter. 98.34% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Daniel T. Hendrix sold 18,000 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $26.33, for a total transaction of $473,940.00. Following the transaction, the director now directly owns 153,147 shares in the company, valued at $4,032,360.51. The trade was a 10.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP David B. Foshee sold 15,175 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $26.27, for a total value of $398,647.25. Following the completion of the transaction, the vice president now directly owns 202,398 shares of the company’s stock, valued at approximately $5,316,995.46. This trade represents a 6.97 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 58,175 shares of company stock valued at $1,471,087. Insiders own 2.60% of the company’s stock.

Interface Stock Performance

Shares of NASDAQ TILE opened at $19.82 on Thursday. Interface, Inc. has a 12 month low of $14.06 and a 12 month high of $27.34. The company has a market cap of $1.16 billion, a P/E ratio of 13.86, a P/E/G ratio of 0.96 and a beta of 2.10. The business’s 50 day moving average is $23.61 and its two-hundred day moving average is $21.91. The company has a quick ratio of 1.38, a current ratio of 2.57 and a debt-to-equity ratio of 0.66.

Interface (NASDAQ:TILE) last announced its earnings results on Tuesday, February 25th. The textile maker reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. The business had revenue of $335.00 million for the quarter, compared to analyst estimates of $340.51 million. Interface had a net margin of 6.49% and a return on equity of 19.91%. Interface’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.41 earnings per share. On average, equities analysts expect that Interface, Inc. will post 1.37 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Barrington Research restated an “outperform” rating and issued a $30.00 price objective on shares of Interface in a research note on Tuesday. StockNews.com raised shares of Interface from a “buy” rating to a “strong-buy” rating in a research report on Monday.

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.