19,675 Shares in Interface, Inc. (NASDAQ:TILE) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in shares of Interface, Inc. (NASDAQ:TILE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,675 shares of the textile maker’s stock, valued at approximately $479,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Venturi Wealth Management LLC boosted its position in shares of Interface by 204.4% during the fourth quarter. Venturi Wealth Management LLC now owns 1,117 shares of the textile maker’s stock worth $27,000 after acquiring an additional 750 shares during the last quarter. Principal Securities Inc. raised its stake in Interface by 103.1% during the fourth quarter. Principal Securities Inc. now owns 1,460 shares of the textile maker’s stock valued at $36,000 after purchasing an additional 741 shares in the last quarter. Quarry LP raised its stake in Interface by 499.5% during the third quarter. Quarry LP now owns 2,476 shares of the textile maker’s stock valued at $47,000 after purchasing an additional 2,063 shares in the last quarter. National Bank of Canada FI raised its stake in Interface by 33.7% during the third quarter. National Bank of Canada FI now owns 3,399 shares of the textile maker’s stock valued at $64,000 after purchasing an additional 856 shares in the last quarter. Finally, KBC Group NV raised its stake in Interface by 70.7% during the third quarter. KBC Group NV now owns 3,472 shares of the textile maker’s stock valued at $66,000 after purchasing an additional 1,438 shares in the last quarter. Institutional investors own 98.34% of the company’s stock.

Interface Trading Up 2.4 %

Shares of TILE opened at $18.70 on Tuesday. Interface, Inc. has a twelve month low of $14.13 and a twelve month high of $27.34. The company has a market cap of $1.09 billion, a P/E ratio of 13.08, a P/E/G ratio of 0.96 and a beta of 2.18. The company has a current ratio of 2.57, a quick ratio of 1.38 and a debt-to-equity ratio of 0.66. The company’s fifty day simple moving average is $22.66 and its 200-day simple moving average is $22.05.

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

Insider Transactions at Interface

In other Interface news, Director Daniel T. Hendrix sold 7,500 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $19.95, for a total transaction of $149,625.00. Following the transaction, the director now directly owns 96,147 shares in the company, valued at $1,918,132.65. This represents a 7.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders have sold 32,500 shares of company stock worth $748,125. Insiders own 2.60% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on TILE. Barrington Research reaffirmed an “outperform” rating and set a $30.00 price target on shares of Interface in a research note on Tuesday, February 25th. StockNews.com downgraded shares of Interface from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th.

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.