Integrated Quantitative Investments LLC Acquires New Shares in Interface, Inc. (NASDAQ:TILE)

Integrated Quantitative Investments LLC bought a new stake in Interface, Inc. (NASDAQ:TILE - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 70,872 shares of the textile maker's stock, valued at approximately $1,726,000. Interface accounts for about 0.9% of Integrated Quantitative Investments LLC's portfolio, making the stock its 7th largest holding. Integrated Quantitative Investments LLC owned 0.12% of Interface as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in TILE. Venturi Wealth Management LLC boosted its position in shares of Interface by 204.4% during the fourth quarter. Venturi Wealth Management LLC now owns 1,117 shares of the textile maker's stock worth $27,000 after buying an additional 750 shares during the period. Huntington National Bank bought a new stake in Interface during the 4th quarter valued at $28,000. Smartleaf Asset Management LLC boosted its position in Interface by 78.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,242 shares of the textile maker's stock worth $30,000 after acquiring an additional 546 shares during the period. Principal Securities Inc. grew its stake in shares of Interface by 103.1% in the fourth quarter. Principal Securities Inc. now owns 1,460 shares of the textile maker's stock worth $36,000 after purchasing an additional 741 shares in the last quarter. Finally, US Bancorp DE raised its stake in shares of Interface by 163.5% during the fourth quarter. US Bancorp DE now owns 2,398 shares of the textile maker's stock valued at $58,000 after purchasing an additional 1,488 shares in the last quarter. 98.34% of the stock is owned by institutional investors.

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Analyst Ratings Changes

Several equities analysts have commented on the stock. StockNews.com cut shares of Interface from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. Barrington Research reissued an "outperform" rating and set a $30.00 target price on shares of Interface in a report on Tuesday, February 25th.

Interface Price Performance

NASDAQ:TILE traded up $0.43 during mid-day trading on Wednesday, reaching $18.22. 139,514 shares of the stock were exchanged, compared to its average volume of 544,767. The company has a current ratio of 2.57, a quick ratio of 1.38 and a debt-to-equity ratio of 0.66. The business has a fifty day moving average price of $20.62 and a 200 day moving average price of $22.15. Interface, Inc. has a 1-year low of $14.13 and a 1-year high of $27.34. The firm has a market capitalization of $1.06 billion, a PE ratio of 12.74, a PEG ratio of 0.96 and a beta of 1.93.

Interface (NASDAQ:TILE - Get Free Report) last released its earnings results on Tuesday, February 25th. The textile maker reported $0.34 EPS for the quarter, beating the consensus estimate of $0.29 by $0.05. The business had revenue of $335.00 million during the quarter, compared to analyst estimates of $340.51 million. Interface had a net margin of 6.49% and a return on equity of 19.91%. The business's quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.41 earnings per share. Research analysts expect that Interface, Inc. will post 1.37 earnings per share for the current fiscal year.

Interface Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.04 dividend on an annualized basis and a yield of 0.22%. Interface's dividend payout ratio is currently 2.72%.

Insiders Place Their Bets

In other Interface news, Director Daniel T. Hendrix sold 12,500 shares of Interface stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $23.78, for a total transaction of $297,250.00. Following the transaction, the director now directly owns 103,647 shares in the company, valued at approximately $2,464,725.66. The trade was a 10.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.60% of the company's stock.

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.