O Shaughnessy Asset Management LLC Invests $324,000 in Interface, Inc. (NASDAQ:TILE)

O Shaughnessy Asset Management LLC acquired a new position in shares of Interface, Inc. (NASDAQ:TILE - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 13,315 shares of the textile maker's stock, valued at approximately $324,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC boosted its position in Interface by 204.4% during the 4th quarter. Venturi Wealth Management LLC now owns 1,117 shares of the textile maker's stock valued at $27,000 after purchasing an additional 750 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Interface by 78.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,242 shares of the textile maker's stock valued at $30,000 after acquiring an additional 546 shares during the period. Principal Securities Inc. boosted its holdings in shares of Interface by 103.1% during the fourth quarter. Principal Securities Inc. now owns 1,460 shares of the textile maker's stock valued at $36,000 after acquiring an additional 741 shares during the period. US Bancorp DE grew its position 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 worth $58,000 after acquiring an additional 1,488 shares during the last quarter. Finally, National Bank of Canada FI increased its holdings in shares of Interface by 33.7% in the 3rd quarter. National Bank of Canada FI now owns 3,399 shares of the textile maker's stock worth $64,000 after acquiring an additional 856 shares during the period. Institutional investors and hedge funds own 98.34% of the company's stock.

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Interface Price Performance

TILE stock traded up $0.17 during trading on Tuesday, hitting $18.96. The company had a trading volume of 419,492 shares, compared to its average volume of 516,218. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 13.26, a P/E/G ratio of 0.96 and a beta of 1.93. 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 50 day moving average of $20.11 and a 200 day moving average of $22.17. Interface, Inc. has a fifty-two week low of $14.13 and a fifty-two week high of $27.34.

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 (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.05. Interface had a net margin of 6.49% and a return on equity of 19.91%. The business had revenue of $335.00 million during the quarter, compared to analysts' expectations of $340.51 million. During the same period last year, the firm posted $0.41 earnings per share. The business's revenue was up 3.0% on a year-over-year basis. As a group, research analysts predict that Interface, Inc. will post 1.37 earnings per share for the current year.

Interface Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date of this dividend was Friday, March 28th. Interface's payout ratio is currently 2.72%.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, Director Daniel T. Hendrix sold 7,500 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $19.95, for a total transaction 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. This trade represents a 7.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 2.60% of the stock is owned by company insiders.

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.