Interface, Inc. (NASDAQ:TILE) Shares Bought by XTX Topco Ltd

XTX Topco Ltd raised its holdings in Interface, Inc. (NASDAQ:TILE) by 314.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,647 shares of the textile maker’s stock after purchasing an additional 34,632 shares during the period. XTX Topco Ltd owned about 0.08% of Interface worth $670,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Innealta Capital LLC acquired a new stake in Interface in the 2nd quarter valued at $32,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Interface in the first quarter valued at about $57,000. GAMMA Investing LLC increased its stake in shares of Interface by 131.1% during the first quarter. GAMMA Investing LLC now owns 3,943 shares of the textile maker’s stock worth $66,000 after purchasing an additional 2,237 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Interface during the 2nd quarter worth about $91,000. Finally, SG Americas Securities LLC purchased a new position in Interface in the 1st quarter valued at about $110,000. 98.34% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Interface news, VP Stansfield Nigel sold 17,500 shares of Interface stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $16.44, for a total value of $287,700.00. Following the sale, the vice president now owns 164,355 shares in the company, valued at $2,701,996.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Interface news, VP Stansfield Nigel sold 17,500 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $16.44, for a total transaction of $287,700.00. Following the completion of the transaction, the vice president now owns 164,355 shares of the company’s stock, valued at $2,701,996.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Daniel T. Hendrix sold 2,153 shares of Interface stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $14.67, for a total transaction of $31,584.51. Following the sale, the director now owns 246,147 shares of the company’s stock, valued at $3,610,976.49. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 125,858 shares of company stock valued at $2,091,604. 2.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TILE shares. StockNews.com raised Interface from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 6th. Barrington Research restated an “outperform” rating and issued a $22.00 price objective on shares of Interface in a report on Friday.

Interface Trading Down 0.2 %

TILE opened at $18.97 on Monday. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 18.78, a price-to-earnings-growth ratio of 0.94 and a beta of 1.98. The company’s 50 day simple moving average is $17.57 and its two-hundred day simple moving average is $16.28. Interface, Inc. has a 1-year low of $8.26 and a 1-year high of $19.45. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.76 and a quick ratio of 1.45.

Interface (NASDAQ:TILE) last announced its quarterly earnings data on Friday, August 2nd. The textile maker reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.12. The firm had revenue of $346.60 million for the quarter, compared to the consensus estimate of $340.21 million. Interface had a return on equity of 18.42% and a net margin of 5.20%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.25 earnings per share. Analysts expect that Interface, Inc. will post 1.28 EPS for the current fiscal year.

Interface Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a dividend of $0.01 per share. The ex-dividend date 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 currently 3.96%.

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.