AlphaQuest LLC Acquires Shares of 4,242 Interface, Inc. (NASDAQ:TILE)

AlphaQuest LLC acquired a new stake in shares of Interface, Inc. (NASDAQ:TILE) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,242 shares of the textile maker’s stock, valued at approximately $103,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp increased its stake in Interface by 0.6% during the 3rd quarter. State Street Corp now owns 2,232,327 shares of the textile maker’s stock valued at $42,347,000 after purchasing an additional 13,686 shares in the last quarter. Geode Capital Management LLC increased its stake in Interface by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,371,976 shares of the textile maker’s stock valued at $26,031,000 after purchasing an additional 11,931 shares in the last quarter. Hennessy Advisors Inc. increased its stake in Interface by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 608,900 shares of the textile maker’s stock valued at $14,827,000 after purchasing an additional 38,900 shares in the last quarter. Segall Bryant & Hamill LLC increased its stake in Interface by 0.8% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 325,250 shares of the textile maker’s stock valued at $6,170,000 after purchasing an additional 2,423 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Interface by 3.8% during the 4th quarter. Principal Financial Group Inc. now owns 315,596 shares of the textile maker’s stock valued at $7,685,000 after purchasing an additional 11,546 shares in the last quarter. 98.34% of the stock is currently owned by institutional investors.

Interface Stock Performance

Shares of TILE stock opened at $19.26 on Wednesday. The company has a 50 day moving average price of $22.06 and a 200-day moving average price of $22.06. Interface, Inc. has a 52 week low of $14.13 and a 52 week high of $27.34. The firm has a market capitalization of $1.12 billion, a PE ratio of 13.47, a P/E/G ratio of 0.96 and a beta of 2.18. The company has a quick ratio of 1.38, a current ratio of 2.57 and a debt-to-equity ratio of 0.66.

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

Interface Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date of this dividend is Friday, March 28th. Interface’s payout ratio is 2.72%.

Insider Buying and Selling

In related news, Director Daniel T. Hendrix sold 12,500 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $23.78, for a total value of $297,250.00. Following the transaction, the director now owns 103,647 shares of the company’s stock, valued at approximately $2,464,725.66. This trade represents a 10.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have sold 32,500 shares of company stock valued at $748,125. 2.60% of the stock is owned by insiders.

Analyst Ratings Changes

TILE has been the subject of a number of research analyst reports. Barrington Research reiterated an “outperform” rating and issued a $30.00 price target on shares of Interface in a research note on Tuesday, February 25th. StockNews.com lowered shares of Interface from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th.

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.