Isthmus Partners LLC Lowers Position in Interface, Inc. (NASDAQ:TILE)

Isthmus Partners LLC lowered its stake in shares of Interface, Inc. (NASDAQ:TILE - Free Report) by 12.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 187,743 shares of the textile maker's stock after selling 26,266 shares during the period. Isthmus Partners LLC owned approximately 0.32% of Interface worth $4,572,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Venturi Wealth Management LLC boosted its stake in shares of Interface by 204.4% in the 4th 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 last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Interface by 78.4% in the 4th 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 during the last quarter. Principal Securities Inc. boosted its stake in shares of Interface by 103.1% in the 4th 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. US Bancorp DE boosted 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 buying an additional 1,488 shares during the last quarter. Finally, Quarry LP boosted its stake in shares of Interface by 499.5% in the 3rd quarter. Quarry LP now owns 2,476 shares of the textile maker's stock worth $47,000 after buying an additional 2,063 shares during the last quarter. Institutional investors and hedge funds own 98.34% of the company's stock.

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Interface Stock Performance

Shares of NASDAQ:TILE traded down $0.07 during trading on Wednesday, hitting $18.81. 951,020 shares of the company were exchanged, compared to its average volume of 494,480. The company has a market cap of $1.10 billion, a PE ratio of 13.15, a P/E/G ratio of 0.96 and a beta of 2.18. The stock has a 50 day moving average of $22.44 and a 200 day moving average of $22.02. Interface, Inc. has a 52-week low of $14.13 and a 52-week high of $27.34. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.57 and a quick ratio of 1.38.

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

Interface Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be given a $0.01 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.21%. Interface's dividend payout ratio (DPR) is presently 2.72%.

Insider Buying and Selling

In related news, Director Daniel T. Hendrix sold 7,500 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $19.95, for a total value of $149,625.00. Following the sale, the director now owns 96,147 shares in the company, valued at approximately $1,918,132.65. This trade represents a 7.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have sold 32,500 shares of company stock worth $748,125. Corporate insiders own 2.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on TILE shares. Barrington Research restated an "outperform" rating and issued a $30.00 target price on shares of Interface in a research note on Tuesday, February 25th. StockNews.com cut shares of Interface from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 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.