11,903 Shares in Interface, Inc. (NASDAQ:TILE) Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC acquired a new stake in shares of Interface, Inc. (NASDAQ:TILE) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 11,903 shares of the textile maker’s stock, valued at approximately $173,000.

A number of other institutional investors also recently made changes to their positions in TILE. Innealta Capital LLC acquired a new stake in shares of Interface during the second quarter worth approximately $32,000. Allspring Global Investments Holdings LLC bought a new position in shares of Interface during the first quarter worth about $57,000. GAMMA Investing LLC grew its stake in Interface by 131.1% in 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 stake in Interface during the second quarter valued at approximately $91,000. Finally, SG Americas Securities LLC bought a new position in Interface during the 1st quarter worth approximately $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 the business’s stock in a transaction on Thursday, August 8th. The stock was 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 in the company, valued at approximately $2,701,996.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, VP Stansfield Nigel sold 17,500 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $16.44, for a total value of $287,700.00. Following the completion of the transaction, the vice president now directly owns 164,355 shares in the company, valued at $2,701,996.20. This trade 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 link. Also, CFO Bruce Andrew Hausmann sold 55,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $17.00, for a total value of $935,000.00. Following 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 115,511 shares of company stock valued at $1,942,297. Insiders own 2.60% of the company’s stock.

Interface Stock Up 1.6 %

NASDAQ:TILE opened at $18.13 on Friday. The company has a current ratio of 2.76, a quick ratio of 1.45 and a debt-to-equity ratio of 0.84. The stock has a 50 day moving average of $17.91 and a 200-day moving average of $16.48. The firm has a market capitalization of $1.06 billion, a PE ratio of 17.95, a price-to-earnings-growth ratio of 0.97 and a beta of 1.97. Interface, Inc. has a 52 week low of $8.26 and a 52 week high of $19.45.

Interface (NASDAQ:TILE) last issued its 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. Interface had a return on equity of 18.42% and a net margin of 5.20%. The firm had revenue of $346.60 million for the quarter, compared to analyst estimates of $340.21 million. During the same period last year, the company earned $0.25 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. Analysts predict that Interface, Inc. will post 1.28 EPS for the current year.

Interface Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $0.01 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.22%. Interface’s payout ratio is currently 3.96%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Barrington Research reiterated an “outperform” rating and issued a $22.00 price target on shares of Interface in a report on Friday, September 20th. StockNews.com upgraded shares of Interface from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 6th.

Interface Company Profile

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.