41,635 Shares in Interface, Inc. (NASDAQ:TILE) Bought by Private Advisor Group LLC

Private Advisor Group LLC acquired a new position in shares of Interface, Inc. (NASDAQ:TILE) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 41,635 shares of the textile maker’s stock, valued at approximately $790,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Innealta Capital LLC purchased a new position in Interface during the second quarter worth $32,000. Allspring Global Investments Holdings LLC purchased a new position in Interface during the first quarter worth $57,000. nVerses Capital LLC purchased a new position in Interface during the third quarter worth $70,000. DekaBank Deutsche Girozentrale purchased a new position in Interface during the second quarter worth $91,000. Finally, SG Americas Securities LLC purchased a new position in Interface during the first quarter worth $110,000. 98.34% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Interface news, Director Daniel T. Hendrix sold 3,403 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $15.99, for a total transaction of $54,413.97. Following the completion of the sale, the director now owns 200,147 shares of the company’s stock, valued at approximately $3,200,350.53. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Interface news, Director Daniel T. Hendrix sold 3,403 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $15.99, for a total transaction of $54,413.97. Following the completion of the sale, the director now owns 200,147 shares of the company’s stock, valued at approximately $3,200,350.53. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel T. Hendrix sold 3,555 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $17.53, for a total value of $62,319.15. Following the sale, the director now directly owns 191,147 shares of the company’s stock, valued at approximately $3,350,806.91. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 79,458 shares of company stock valued at $1,339,433 over the last quarter. Company insiders own 2.60% of the company’s stock.

Interface Price Performance

Shares of NASDAQ:TILE opened at $23.24 on Friday. The company has a market cap of $1.35 billion, a P/E 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. The business has a fifty day simple moving average of $18.64 and a 200-day simple moving average of $16.81.

Interface (NASDAQ:TILE) last announced its quarterly earnings data on Friday, November 1st. The textile maker reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.14. The business had revenue of $344.30 million during 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 business’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.28 earnings per share. Equities research analysts forecast that Interface, Inc. will post 1.28 EPS for the current year.

Interface Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date was Friday, August 30th. Interface’s dividend payout ratio is currently 3.57%.

Analysts Set New Price Targets

TILE has been the subject of several recent research reports. StockNews.com raised Interface from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 6th. Barrington Research raised their price target on Interface from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday.

Interface 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.