3,700 Shares in Interface, Inc. (NASDAQ:TILE) Purchased by nVerses Capital LLC

nVerses Capital LLC purchased a new stake in Interface, Inc. (NASDAQ:TILE) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 3,700 shares of the textile maker’s stock, valued at approximately $70,000.

Several other hedge funds have also recently bought and sold shares of the stock. Innealta Capital LLC acquired a new position in shares of Interface in the second quarter valued at approximately $32,000. Allspring Global Investments Holdings LLC bought a new stake in Interface in the 1st quarter valued at $57,000. GAMMA Investing LLC grew its holdings in Interface by 131.1% in the 1st quarter. GAMMA Investing LLC now owns 3,943 shares of the textile maker’s stock valued at $66,000 after buying an additional 2,237 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in Interface in the 2nd quarter valued at $91,000. Finally, Point72 DIFC Ltd bought a new position in Interface during the 2nd quarter worth $106,000. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Interface

In other Interface news, CFO Bruce Andrew Hausmann sold 55,000 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $17.00, for a total transaction of $935,000.00. Following the completion of the sale, the chief financial officer now directly owns 198,475 shares in the company, valued at $3,374,075. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Interface news, CFO Bruce Andrew Hausmann sold 55,000 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $17.00, for a total transaction of $935,000.00. Following the completion of the transaction, the chief financial officer now owns 198,475 shares of the company’s stock, valued at approximately $3,374,075. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel T. Hendrix sold 3,555 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $17.53, for a total transaction of $62,319.15. Following the completion of the sale, the director now owns 191,147 shares in the company, valued at approximately $3,350,806.91. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 80,858 shares of company stock valued at $1,363,947 over the last three months. 2.60% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. StockNews.com upgraded shares of Interface from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 6th. Barrington Research reissued an “outperform” rating and issued a $22.00 price objective on shares of Interface in a report on Friday, September 20th.

Interface Stock Performance

NASDAQ:TILE opened at $19.38 on Tuesday. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 19.19, a PEG ratio of 0.97 and a beta of 1.97. Interface, Inc. has a fifty-two week low of $8.26 and a fifty-two week high of $20.21. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.45 and a current ratio of 2.76. The stock has a fifty day moving average price of $18.43 and a 200-day moving average price of $16.65.

Interface (NASDAQ:TILE) last posted its quarterly earnings results on Friday, August 2nd. The textile maker reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.12. The business had revenue of $346.60 million during 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%. Interface’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.25 earnings per share. As a group, equities analysts anticipate 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. Investors of record on Friday, August 30th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.21%. Interface’s dividend payout ratio is 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.