Foundry Partners LLC Invests $4.31 Million in Interface, Inc. (NASDAQ:TILE)

Foundry Partners LLC bought a new position in Interface, Inc. (NASDAQ:TILE - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 227,097 shares of the textile maker's stock, valued at approximately $4,308,000. Foundry Partners LLC owned approximately 0.39% of Interface at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in TILE. Innealta Capital LLC bought a new position in shares of Interface during the second quarter worth about $32,000. KBC Group NV grew its position in Interface by 70.7% in the 3rd quarter. KBC Group NV now owns 3,472 shares of the textile maker's stock valued at $66,000 after buying an additional 1,438 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of Interface during the 3rd quarter worth about $70,000. DekaBank Deutsche Girozentrale bought a new position in shares of Interface in the second quarter valued at approximately $91,000. Finally, Point72 DIFC Ltd acquired a new stake in Interface in the second quarter worth approximately $106,000. 98.34% of the stock is owned by institutional investors and hedge funds.

Interface Stock Performance

TILE stock traded up $0.25 on Friday, reaching $25.46. 564,734 shares of the company were exchanged, compared to its average volume of 453,373. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.57 and a quick ratio of 1.38. The stock's fifty day moving average price is $20.51 and its 200 day moving average price is $17.72. Interface, Inc. has a 12 month low of $9.87 and a 12 month high of $26.11. The firm has a market capitalization of $1.48 billion, a PE ratio of 17.63, a PEG ratio of 1.21 and a beta of 1.97.

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

Interface Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date is Friday, November 29th. Interface's dividend payout ratio is presently 2.80%.

Wall Street Analyst Weigh In

TILE has been the topic of several recent research reports. Barrington Research lifted their price objective on shares of Interface from $22.00 to $26.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. StockNews.com cut shares of Interface from a "strong-buy" rating to a "buy" rating in a report on Monday, November 4th.

Insiders Place Their Bets

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

Interface Company 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.