Proficio Capital Partners LLC Acquires Shares of 19,675 Interface, Inc. (NASDAQ:TILE)

Proficio Capital Partners LLC acquired a new stake in shares of Interface, Inc. (NASDAQ:TILE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 19,675 shares of the textile maker's stock, valued at approximately $479,000.

Other institutional investors have also added to or reduced their stakes in the company. Cornerstone Investment Partners LLC purchased a new position in Interface in the fourth quarter worth $232,000. Smartleaf Asset Management LLC increased its holdings in Interface by 78.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,242 shares of the textile maker's stock valued at $30,000 after purchasing an additional 546 shares during the period. US Bancorp DE grew its position in shares of Interface by 163.5% in the 4th quarter. US Bancorp DE now owns 2,398 shares of the textile maker's stock worth $58,000 after buying an additional 1,488 shares during the last quarter. Mutual of America Capital Management LLC bought a new stake in Interface in the fourth quarter valued at $215,000. Finally, Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Interface during the 4th quarter valued at about $160,000. 98.34% of the stock is currently owned by institutional investors.

Interface Stock Down 3.1 %

Shares of NASDAQ:TILE traded down $0.63 during trading on Friday, reaching $19.75. 557,422 shares of the stock traded hands, compared to its average volume of 514,150. The stock has a market cap of $1.15 billion, a P/E ratio of 13.81, a price-to-earnings-growth ratio of 0.96 and a beta of 2.18. The stock has a 50-day moving average of $21.59 and a two-hundred day moving average of $22.10. Interface, Inc. has a 52-week low of $14.13 and a 52-week high of $27.34. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.38 and a current ratio of 2.57.

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Interface (NASDAQ:TILE - Get Free Report) 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, sell-side analysts expect that Interface, Inc. will post 1.37 earnings per share for the current fiscal year.

Interface Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 0.20%. The ex-dividend date of this dividend is Friday, March 28th. Interface's dividend payout ratio is currently 2.72%.

Insiders Place Their Bets

In other news, Director Daniel T. Hendrix sold 12,500 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $23.78, for a total value of $297,250.00. Following the completion of the transaction, the director now owns 103,647 shares of the company's stock, valued at $2,464,725.66. This represents a 10.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 32,500 shares of company stock worth $748,125. Corporate insiders own 2.60% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TILE shares. Barrington Research restated an "outperform" rating and set a $30.00 price target on shares of Interface in a research report 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.

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.