Private Advisor Group LLC Purchases Shares of 41,635 Interface, Inc. (NASDAQ:TILE)

Private Advisor Group LLC purchased a new stake in Interface, Inc. (NASDAQ:TILE) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 41,635 shares of the textile maker’s stock, valued at approximately $790,000. Private Advisor Group LLC owned approximately 0.07% of Interface at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. First Eagle Investment Management LLC purchased a new position in shares of Interface in the 1st quarter valued at about $2,027,000. SG Americas Securities LLC increased its holdings in shares of Interface by 1,195.5% in the 2nd quarter. SG Americas Securities LLC now owns 84,647 shares of the textile maker’s stock valued at $1,243,000 after acquiring an additional 78,113 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings in shares of Interface by 182.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 130,020 shares of the textile maker’s stock valued at $2,187,000 after acquiring an additional 83,932 shares during the last quarter. Inspire Investing LLC purchased a new position in shares of Interface in the 1st quarter valued at about $859,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Interface by 11.0% in the 2nd quarter. Renaissance Technologies LLC now owns 345,400 shares of the textile maker’s stock valued at $5,070,000 after acquiring an additional 34,200 shares during the last quarter. Institutional investors and hedge funds own 98.34% of the company’s stock.

Interface Trading Up 33.0 %

NASDAQ:TILE opened at $23.24 on Friday. The stock’s 50 day moving average price is $18.64 and its 200 day moving average price is $16.81. The company has a market capitalization of $1.35 billion, a PE ratio of 20.75, a P/E/G ratio of 0.91 and a beta of 1.97. The company has a quick ratio of 1.45, a current ratio of 2.76 and a debt-to-equity ratio of 0.84. Interface, Inc. has a 52-week low of $9.04 and a 52-week high of $23.46.

Interface (NASDAQ:TILE) last released its quarterly earnings results on Friday, November 1st. The textile maker reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.14. The firm had revenue of $344.30 million for the quarter, compared to the consensus estimate of $336.39 million. Interface had a return on equity of 18.42% and a net margin of 5.20%. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.28 EPS. On average, research analysts anticipate that Interface, Inc. will post 1.28 EPS for the current year.

Interface Dividend Announcement

The business also recently announced 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 was Friday, August 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.17%. Interface’s dividend payout ratio (DPR) is currently 3.57%.

Analyst Ratings Changes

A number of research firms have recently commented on TILE. StockNews.com upgraded Interface from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 6th. Barrington Research increased their price objective on Interface from $22.00 to $26.00 and gave the company an “outperform” rating in a report on Friday.

Insider Buying and Selling at Interface

In other Interface news, Director Daniel T. Hendrix sold 3,403 shares of Interface stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $15.99, for a total value of $54,413.97. Following the transaction, the director now directly owns 200,147 shares in the company, valued at approximately $3,200,350.53. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Interface news, Director Daniel T. Hendrix sold 3,555 shares of Interface stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $17.53, for a total value of $62,319.15. Following the transaction, the director now directly owns 191,147 shares in the company, valued at approximately $3,350,806.91. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Daniel T. Hendrix sold 3,403 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $15.99, for a total value of $54,413.97. Following the completion of the sale, the director now directly owns 200,147 shares of the company’s stock, valued at $3,200,350.53. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 79,458 shares of company stock worth $1,339,433. 2.60% of the stock is currently owned by insiders.

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.