Venturi Wealth Management LLC Purchases 750 Shares of Interface, Inc. (NASDAQ:TILE)

Venturi Wealth Management LLC lifted its holdings in Interface, Inc. (NASDAQ:TILE) by 204.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,117 shares of the textile maker’s stock after acquiring an additional 750 shares during the quarter. Venturi Wealth Management LLC’s holdings in Interface were worth $27,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Principal Financial Group Inc. grew its holdings in Interface by 3.8% during the 4th quarter. Principal Financial Group Inc. now owns 315,596 shares of the textile maker’s stock worth $7,685,000 after acquiring an additional 11,546 shares during the last quarter. Principal Securities Inc. lifted its position in shares of Interface by 103.1% during the fourth quarter. Principal Securities Inc. now owns 1,460 shares of the textile maker’s stock worth $36,000 after purchasing an additional 741 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Interface during the fourth quarter worth approximately $228,000. MeadowBrook Investment Advisors LLC bought a new stake in shares of Interface during the fourth quarter valued at approximately $257,000. Finally, Jennison Associates LLC increased its holdings in shares of Interface by 103.2% in the fourth quarter. Jennison Associates LLC now owns 65,494 shares of the textile maker’s stock valued at $1,595,000 after purchasing an additional 33,264 shares in the last quarter. 98.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TILE has been the topic of several research reports. Barrington Research reaffirmed an “outperform” rating and set a $30.00 price objective on shares of Interface in a report on Tuesday. StockNews.com upgraded Interface from a “buy” rating to a “strong-buy” rating in a research report on Monday.

Insider Activity at Interface

In other news, Director Daniel T. Hendrix sold 18,000 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $26.33, for a total transaction of $473,940.00. Following the completion of the transaction, the director now directly owns 153,147 shares in the company, valued at approximately $4,032,360.51. The trade was a 10.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David B. Foshee sold 15,175 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $26.27, for a total value of $398,647.25. Following the completion of the sale, the vice president now directly owns 202,398 shares of the company’s stock, valued at approximately $5,316,995.46. This trade represents a 6.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 58,175 shares of company stock worth $1,471,087. 2.60% of the stock is owned by insiders.

Interface Stock Up 5.0 %

Shares of NASDAQ TILE opened at $19.82 on Thursday. 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 market capitalization of $1.16 billion, a PE ratio of 13.86, a price-to-earnings-growth ratio of 0.96 and a beta of 2.10. The firm’s 50-day moving average is $23.61 and its 200-day moving average is $21.91. Interface, Inc. has a 1 year low of $14.06 and a 1 year high of $27.34.

Interface (NASDAQ:TILE) last released its earnings results on Tuesday, February 25th. The textile maker reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. The firm had revenue of $335.00 million during the quarter, compared to analyst estimates of $340.51 million. Interface had a net margin of 6.49% and a return on equity of 19.91%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 EPS. Equities analysts expect that Interface, Inc. will post 1.37 EPS for the current year.

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.