11 hours Ago By ABMN Staff
Marshall Wace LLP grew its position in shares of Interface, Inc. ( NASDAQ:TILE – Free Report ) by 16.8% during the 4th quarter, Holdings Channel.
com reports. The institutional investor owned 49,866 shares of the textile maker’s stock after buying an additional 7,167 shares during the quarter. Marshall Wace LLP’s holdings in Interface were worth $1,214,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently modified their holdings of TILE. Barclays PLC lifted its position in shares of Interface by 688.5% during the 3rd quarter.
Barclays PLC now owns 256,987 shares of the textile maker’s stock worth $4,873,000 after buying an additional 224,395 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Interface by 3.
7% during the 3rd quarter. Franklin Resources Inc. now owns 89,576 shares of the textile maker’s stock worth $1,735,000 after purchasing an additional 3,202 shares during the last quarter.
Principal Financial Group Inc. increased its stake in shares of Interface by 5.8% during the 3rd quarter.
Principal Financial Group Inc. now owns 304,050 shares of the textile maker’s stock worth $5,768,000 after purchasing an additional 16,624 shares during the last quarter. JPMorgan Chase & Co.
increased its stake in shares of Interface by 22.2% during the 3rd quarter. JPMorgan Chase & Co.
now owns 129,264 shares of the textile maker’s stock worth $2,452,000 after purchasing an additional 23,447 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Interface by 17.5% during the 4th quarter.
GAMMA Investing LLC now owns 3,880 shares of the textile maker’s stock worth $94,000 after purchasing an additional 578 shares during the last quarter. Institutional investors own 98.34% of the company’s stock.
Analyst Upgrades and Downgrades Several brokerages have recently issued reports on TILE. StockNews.com upgraded shares of Interface from a “hold” rating to a “buy” rating in a research note on Monday.
Barrington Research restated an “outperform” rating and set a $30.00 price target on shares of Interface in a research note on Tuesday, April 15th. Interface Stock Up 1.
6 % Interface stock opened at $18.99 on Wednesday. Interface, Inc.
has a 1-year low of $14.13 and a 1-year high of $27.34.
The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 13.28, a P/E/G ratio of 0.
96 and a beta of 1.93. 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 firm has a 50 day simple moving average of $19.17 and a 200 day simple moving average of $22.16.
Interface ( NASDAQ:TILE – Get Free Report ) last released its quarterly earnings data on Tuesday, February 25th. The textile maker reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.
29 by $0.05. Interface had a net margin of 6.
49% and a return on equity of 19.91%. The business had revenue of $335.
00 million during the quarter, compared to analyst estimates of $340.51 million. During the same period in the previous year, the business earned $0.
41 EPS. Interface’s revenue was up 3.0% compared to the same quarter last year.
On average, analysts predict that Interface, Inc. will post 1.37 earnings per share for the current year.
Interface Announces Dividend The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were given a dividend of $0.01 per share.
The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.
21%. Interface’s dividend payout ratio (DPR) is currently 2.72%.
Insider Activity In other news, Director Daniel T. Hendrix sold 7,500 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $19.
95, for a total transaction of $149,625.00. Following the completion of the transaction, the director now directly owns 96,147 shares in the company, valued at $1,918,132.
65. The trade was a 7.24 % decrease in their position.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link . Company insiders own 2.60% of the company’s stock.
Interface Profile ( Free Report ) 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.
Further Reading Want to see what other hedge funds are holding TILE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Interface, Inc. ( NASDAQ:TILE – Free Report ).
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