Hennessy Advisors Inc. Has $14.83 Million Stock Position in Interface, Inc. (NASDAQ:TILE)

Hennessy Advisors Inc. lifted its position in shares of Interface, Inc. (NASDAQ:TILE - Free Report) by 6.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 608,900 shares of the textile maker's stock after acquiring an additional 38,900 shares during the quarter. Hennessy Advisors Inc. owned approximately 1.04% of Interface worth $14,827,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. American Century Companies Inc. boosted its stake in Interface by 22.3% in 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 acquiring an additional 285,353 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Interface by 10.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,691,190 shares of the textile maker's stock valued at $39,507,000 after purchasing an additional 247,350 shares during the period. Foundry Partners LLC bought a new position in shares of Interface in the 3rd quarter worth $4,308,000. Barclays PLC grew its stake in shares of Interface by 688.5% during the third quarter. Barclays PLC now owns 256,987 shares of the textile maker's stock worth $4,873,000 after purchasing an additional 224,395 shares during the period. Finally, Weiss Asset Management LP bought a new stake in Interface in the third quarter valued at about $4,206,000. Institutional investors and hedge funds own 98.34% of the company's stock.

Interface Trading Up 0.4 %

NASDAQ:TILE traded up $0.10 on Friday, reaching $24.01. The company's stock had a trading volume of 335,096 shares, compared to its average volume of 520,794. Interface, Inc. has a 1-year low of $11.58 and a 1-year high of $27.34. The business's 50-day moving average price is $25.14 and its two-hundred day moving average price is $20.55. The firm has a market cap of $1.40 billion, a PE ratio of 16.79, a PEG ratio of 0.98 and a beta of 2.10. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.38 and a current ratio of 2.57.

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

Interface Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a $0.01 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.04 annualized dividend and a yield of 0.17%. Interface's dividend payout ratio is currently 2.80%.

Insider Buying and Selling

In other Interface news, Director Daniel T. Hendrix sold 12,500 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $24.10, for a total value of $301,250.00. Following the sale, the director now owns 116,147 shares in the company, valued at approximately $2,799,142.70. The trade was a 9.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Stansfield Nigel sold 20,000 shares of the company's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $24.12, for a total value of $482,400.00. Following the transaction, the vice president now directly owns 144,355 shares of the company's stock, valued at approximately $3,481,842.60. This trade represents a 12.17 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 95,675 shares of company stock valued at $2,421,237. Company insiders own 2.60% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TILE shares. Barrington Research boosted their target price on Interface from $26.00 to $30.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 11th. StockNews.com cut shares of Interface from a "strong-buy" rating to a "buy" rating in a report on Monday, November 4th.

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.