Algert Global LLC Has $3.64 Million Stake in Interface, Inc. (NASDAQ:TILE)

Algert Global LLC increased its stake in shares of Interface, Inc. (NASDAQ:TILE - Free Report) by 54.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 192,071 shares of the textile maker's stock after acquiring an additional 67,539 shares during the quarter. Algert Global LLC owned about 0.33% of Interface worth $3,644,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Interface by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 5,298,736 shares of the textile maker's stock worth $89,125,000 after acquiring an additional 43,184 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its position in Interface by 1.1% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,892,968 shares of the textile maker's stock valued at $42,469,000 after purchasing an additional 31,224 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Interface by 10.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,691,190 shares of the textile maker's stock worth $39,507,000 after buying an additional 247,350 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Interface by 22.3% during the second quarter. American Century Companies Inc. now owns 1,563,447 shares of the textile maker's stock valued at $22,951,000 after purchasing an additional 285,353 shares during the last quarter. Finally, Meros Investment Management LP increased its stake in shares of Interface by 1.5% in the 2nd quarter. Meros Investment Management LP now owns 698,305 shares of the textile maker's stock valued at $10,251,000 after buying an additional 10,616 shares during the period. Institutional investors and hedge funds own 98.34% of the company's stock.

Insiders Place Their Bets

In other news, VP Stansfield Nigel sold 20,000 shares of Interface stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $24.12, for a total transaction of $482,400.00. Following the completion of the transaction, the vice president now directly owns 144,355 shares in the company, valued at approximately $3,481,842.60. The trade was a 12.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Bruce Andrew Hausmann sold 30,000 shares of the company's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $25.50, for a total transaction of $765,000.00. Following the completion of the transaction, the chief financial officer now owns 168,475 shares in the company, valued at approximately $4,296,112.50. This trade represents a 15.12 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.60% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on TILE shares. Barrington Research increased their price objective on shares of Interface from $22.00 to $26.00 and gave the company an "outperform" rating in a report on Friday, November 1st. StockNews.com downgraded Interface from a "strong-buy" rating to a "buy" rating in a research note on Monday, November 4th.

Interface Price Performance

Shares of NASDAQ:TILE remained flat at $26.60 during mid-day trading on Tuesday. The company had a trading volume of 307,957 shares, compared to its average volume of 454,060. The business's 50 day moving average price is $20.80 and its 200 day moving average price is $17.89. Interface, Inc. has a fifty-two week low of $9.87 and a fifty-two week high of $27.06. The company has a market capitalization of $1.55 billion, a P/E ratio of 18.60, a P/E/G ratio of 1.24 and a beta of 1.97. The company has a current ratio of 2.57, a quick ratio of 1.38 and a debt-to-equity ratio of 0.66.

Interface (NASDAQ:TILE - Get Free Report) last issued its quarterly earnings results on Friday, November 1st. The textile maker reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.14. Interface had a net margin of 6.49% and a return on equity of 19.91%. The company had revenue of $344.30 million during the quarter, compared to analysts' expectations of $336.39 million. During the same period last year, the business earned $0.28 EPS. The business's quarterly revenue was up 10.7% on a year-over-year basis. Analysts anticipate that Interface, Inc. will post 1.37 EPS for the current fiscal year.

Interface Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.01 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.04 dividend on an annualized basis and a yield of 0.15%. Interface's dividend payout ratio is 2.80%.

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.