Interface, Inc. (NASDAQ:TILE) Shares Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. increased its position in shares of Interface, Inc. (NASDAQ:TILE - Free Report) by 44.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 41,223 shares of the textile maker's stock after purchasing an additional 12,755 shares during the quarter. Fox Run Management L.L.C. owned approximately 0.07% of Interface worth $1,004,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC boosted its holdings in shares of Interface by 204.4% during the 4th quarter. Venturi Wealth Management LLC now owns 1,117 shares of the textile maker's stock worth $27,000 after purchasing an additional 750 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Interface by 78.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,242 shares of the textile maker's stock worth $30,000 after buying an additional 546 shares in the last quarter. Principal Securities Inc. boosted its stake in 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 buying an additional 741 shares during the last quarter. Quarry LP grew its holdings in Interface by 499.5% in the 3rd quarter. Quarry LP now owns 2,476 shares of the textile maker's stock valued at $47,000 after buying an additional 2,063 shares in the last quarter. Finally, US Bancorp DE increased its stake 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 acquiring an additional 1,488 shares during the last quarter. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

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Interface Trading Up 0.7 %

NASDAQ TILE traded up $0.14 during trading hours on Thursday, reaching $20.38. The company had a trading volume of 461,036 shares, compared to its average volume of 489,707. Interface, Inc. has a 1-year low of $14.13 and a 1-year high of $27.34. The stock has a market capitalization of $1.19 billion, a P/E ratio of 14.25, a price-to-earnings-growth ratio of 0.96 and a beta of 2.18. The stock has a 50-day moving average of $21.66 and a 200 day moving average of $22.11. 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 posted its quarterly earnings data on Tuesday, February 25th. The textile maker reported $0.34 earnings per share 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 analysts' expectations of $340.51 million. Interface had a net margin of 6.49% and a return on equity of 19.91%. The firm's quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the company posted $0.41 EPS. As a group, research analysts anticipate 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 paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.20%. The ex-dividend date is Friday, March 28th. Interface's payout ratio is 2.72%.

Insider Activity at Interface

In related news, Director Daniel T. Hendrix sold 7,500 shares of Interface stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $19.95, for a total value of $149,625.00. Following the completion of the transaction, the director now owns 96,147 shares in the company, valued at approximately $1,918,132.65. The trade was a 7.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 32,500 shares of company stock worth $748,125 in the last three months. 2.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have weighed in on TILE. StockNews.com lowered shares of Interface from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. Barrington Research reissued an "outperform" rating and set a $30.00 target price on shares of Interface in a research note on Tuesday, February 25th.

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.