Interface, Inc. (NASDAQ:TILE) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC boosted its stake in shares of Interface, Inc. (NASDAQ:TILE) by 17.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,880 shares of the textile maker’s stock after buying an additional 578 shares during the quarter. GAMMA Investing LLC’s holdings in Interface were worth $94,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Private Advisor Group LLC acquired a new position in Interface during the third quarter worth about $790,000. HighTower Advisors LLC acquired a new stake in shares of Interface in the third quarter valued at approximately $1,138,000. Sanctuary Advisors LLC acquired a new stake in shares of Interface in the third quarter valued at approximately $1,661,000. Renaissance Technologies LLC grew its position in shares of Interface by 11.0% in the second quarter. Renaissance Technologies LLC now owns 345,400 shares of the textile maker’s stock valued at $5,070,000 after purchasing an additional 34,200 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its position in shares of Interface by 46.5% in the second quarter. First Eagle Investment Management LLC now owns 176,617 shares of the textile maker’s stock valued at $2,593,000 after purchasing an additional 56,093 shares during the last quarter. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Interface news, Director Daniel T. Hendrix sold 12,500 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $24.10, for a total transaction of $301,250.00. Following the transaction, the director now owns 116,147 shares of the company’s stock, valued at $2,799,142.70. This trade represents a 9.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Stansfield Nigel sold 20,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $24.12, for a total transaction of $482,400.00. Following the transaction, the vice president now directly owns 144,355 shares in the company, valued at approximately $3,481,842.60. This represents a 12.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 95,675 shares of company stock valued at $2,421,237 over the last quarter. Company insiders own 2.60% of the company’s stock.

Interface Stock Down 2.5 %

Shares of NASDAQ TILE opened at $22.80 on Friday. Interface, Inc. has a 1 year low of $11.48 and a 1 year high of $27.34. The firm’s 50 day moving average price is $25.21 and its 200 day moving average price is $20.19. The firm has a market cap of $1.33 billion, a P/E ratio of 15.94, a price-to-earnings-growth ratio of 1.27 and a beta of 2.10. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.38 and a current ratio of 2.57.

Interface (NASDAQ:TILE) last announced its 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. Interface had a net margin of 6.49% and a return on equity of 19.91%. The firm had revenue of $344.30 million for the quarter, compared to analyst estimates of $336.39 million. During the same quarter last year, the business earned $0.28 earnings per share. Interface’s revenue was up 10.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Interface, Inc. will post 1.37 earnings per share for the current year.

Interface Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.04 dividend on an annualized basis and a yield of 0.18%. Interface’s dividend payout ratio (DPR) is currently 2.80%.

Analysts Set New Price Targets

Several research firms have recently commented on TILE. StockNews.com lowered shares of Interface from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 4th. Barrington Research increased their price target on shares of Interface from $26.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th.

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.