41,635 Shares in Interface, Inc. (NASDAQ:TILE) Purchased by Private Advisor Group LLC

Private Advisor Group LLC acquired a new stake in Interface, Inc. (NASDAQ:TILE - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 41,635 shares of the textile maker's stock, valued at approximately $790,000. Private Advisor Group LLC owned approximately 0.07% of Interface at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TILE. Innealta Capital LLC acquired a new stake in shares of Interface in the second quarter valued at approximately $32,000. Allspring Global Investments Holdings LLC bought a new position in Interface in the first quarter valued at $57,000. nVerses Capital LLC acquired a new stake in Interface in the 3rd quarter valued at $70,000. DekaBank Deutsche Girozentrale bought a new stake in Interface during the 2nd quarter worth about $91,000. Finally, Point72 DIFC Ltd acquired a new position in shares of Interface during the 2nd quarter worth about $106,000. 98.34% of the stock is owned by institutional investors and hedge funds.

Interface Stock Performance

Shares of Interface stock traded up $5.77 during trading on Friday, hitting $23.24. 2,159,813 shares of the stock were exchanged, compared to its average volume of 387,376. The company has a current ratio of 2.76, a quick ratio of 1.45 and a debt-to-equity ratio of 0.84. The company has a fifty day moving average price of $18.64 and a 200-day moving average price of $16.83. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 20.75, a price-to-earnings-growth ratio of 0.91 and a beta of 1.97. Interface, Inc. has a 1-year low of $9.04 and a 1-year high of $23.46.

Interface (NASDAQ:TILE - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The textile maker reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.14. Interface had a return on equity of 18.42% and a net margin of 5.20%. The firm had revenue of $344.30 million for the quarter, compared to analyst estimates of $336.39 million. During the same quarter in the prior year, the company earned $0.28 earnings per share. The business's revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, equities analysts predict that Interface, Inc. will post 1.28 EPS for the current fiscal year.

Interface Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a $0.01 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.17%. Interface's dividend payout ratio is currently 3.57%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. StockNews.com raised Interface from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, August 6th. Barrington Research boosted their price target on Interface from $22.00 to $26.00 and gave the stock an "outperform" rating in a research report on Friday.

Insider Activity

In other Interface news, CFO Bruce Andrew Hausmann sold 55,000 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $17.00, for a total value of $935,000.00. Following the transaction, the chief financial officer now directly owns 198,475 shares of the company's stock, valued at $3,374,075. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Bruce Andrew Hausmann sold 55,000 shares of the business's stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $17.00, for a total value of $935,000.00. Following the completion of the sale, the chief financial officer now directly owns 198,475 shares in the company, valued at $3,374,075. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Daniel T. Hendrix sold 3,403 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $15.99, for a total value of $54,413.97. Following the transaction, the director now owns 200,147 shares in the company, valued at $3,200,350.53. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 79,458 shares of company stock valued at $1,339,433 over the last ninety days. 2.60% of the stock is currently owned by company insiders.

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.