Privium Fund Management B.V. Invests $508,000 in Interface, Inc. (NASDAQ:TILE)

Privium Fund Management B.V. bought a new stake in Interface, Inc. (NASDAQ:TILE - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 26,800 shares of the textile maker's stock, valued at approximately $508,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new position in Interface in the first quarter worth approximately $57,000. Texas Permanent School Fund Corp raised its holdings in Interface by 8.0% in the 1st quarter. Texas Permanent School Fund Corp now owns 50,855 shares of the textile maker's stock valued at $855,000 after buying an additional 3,771 shares during the period. SG Americas Securities LLC acquired a new position in Interface in the first quarter valued at about $110,000. Illinois Municipal Retirement Fund boosted its stake in Interface by 6.4% during the first quarter. Illinois Municipal Retirement Fund now owns 35,129 shares of the textile maker's stock worth $591,000 after buying an additional 2,127 shares during the period. Finally, Inspire Investing LLC acquired a new stake in shares of Interface during the first quarter valued at about $859,000. Institutional investors and hedge funds own 98.34% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on TILE shares. StockNews.com cut shares of Interface from a "strong-buy" rating to a "buy" rating in a research report on Monday, November 4th. Barrington Research lifted their price objective on Interface from $22.00 to $26.00 and gave the company an "outperform" rating in a research note on Friday, November 1st.

Insider Buying and Selling

In other Interface news, CFO Bruce Andrew Hausmann sold 55,000 shares of Interface stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $17.00, for a total transaction of $935,000.00. Following the completion of the sale, the chief financial officer now directly owns 198,475 shares of the company's stock, valued at $3,374,075. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, VP Stansfield Nigel sold 20,000 shares of the firm's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $24.12, for a total value of $482,400.00. Following the completion of the sale, the vice president now owns 144,355 shares in the company, valued at approximately $3,481,842.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Bruce Andrew Hausmann sold 55,000 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $17.00, for a total value of $935,000.00. Following the sale, the chief financial officer now owns 198,475 shares in the company, valued at approximately $3,374,075. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 78,555 shares of company stock worth $1,479,719. Corporate insiders own 2.60% of the company's stock.

Interface Stock Up 2.2 %

Shares of NASDAQ TILE traded up $0.53 during midday trading on Friday, hitting $25.03. The company's stock had a trading volume of 521,603 shares, compared to its average volume of 538,017. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.57 and a quick ratio of 1.38. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 1.20 and a beta of 1.97. The business's fifty day simple moving average is $19.21 and its two-hundred day simple moving average is $17.14. Interface, Inc. has a 1 year low of $9.04 and a 1 year high of $25.10.

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

Interface Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a dividend of $0.01 per share. The ex-dividend date was Friday, August 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.16%. Interface's dividend payout ratio (DPR) is currently 2.80%.

Interface 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.