Range Financial Group LLC Makes New Investment in Interface, Inc. (NASDAQ:TILE)

Range Financial Group LLC bought a new position in shares of Interface, Inc. (NASDAQ:TILE - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 53,113 shares of the textile maker's stock, valued at approximately $1,293,000. Range Financial Group LLC owned about 0.09% of Interface at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of TILE. Quarry LP grew its position in Interface by 499.5% during the 3rd quarter. Quarry LP now owns 2,476 shares of the textile maker's stock worth $47,000 after purchasing an additional 2,063 shares during the last quarter. National Bank of Canada FI boosted its stake in shares of Interface by 33.7% during the third quarter. National Bank of Canada FI now owns 3,399 shares of the textile maker's stock worth $64,000 after buying an additional 856 shares during the period. KBC Group NV grew its holdings in shares of Interface by 70.7% during the third quarter. KBC Group NV now owns 3,472 shares of the textile maker's stock worth $66,000 after buying an additional 1,438 shares during the last quarter. nVerses Capital LLC acquired a new position in Interface in the 3rd quarter valued at about $70,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in Interface during the 2nd quarter valued at approximately $91,000. 98.34% of the stock is owned by institutional investors and hedge funds.

Interface Stock Performance

NASDAQ TILE traded down $0.95 on Tuesday, hitting $23.19. 491,616 shares of the company's stock were exchanged, compared to its average volume of 395,154. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 16.22, a P/E/G ratio of 1.27 and a beta of 2.10. The firm's 50-day moving average price is $24.88 and its two-hundred day moving average price is $20.03. Interface, Inc. has a fifty-two week low of $11.48 and a fifty-two 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 released its quarterly earnings data on Friday, November 1st. The textile maker reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.14. The firm had revenue of $344.30 million during the quarter, compared to analysts' expectations of $336.39 million. Interface had a return on equity of 19.91% and a net margin of 6.49%. Interface's revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.28 earnings per share. On average, research analysts expect that Interface, Inc. will post 1.37 EPS for the current year.

Interface Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date of this dividend was Friday, November 29th. Interface's dividend payout ratio is currently 2.80%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TILE. StockNews.com downgraded Interface from a "strong-buy" rating to a "buy" rating in a research note on Monday, November 4th. Barrington Research upped their price objective on shares of Interface from $26.00 to $30.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 11th.

Insider Activity at Interface

In other Interface news, VP Stansfield Nigel sold 20,000 shares of Interface stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $24.12, for a total transaction of $482,400.00. Following the completion of the transaction, the vice president now owns 144,355 shares in the company, valued at approximately $3,481,842.60. The trade was a 12.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Bruce Andrew Hausmann sold 30,000 shares of the company's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $25.50, for a total transaction of $765,000.00. Following the completion of the sale, the chief financial officer now directly owns 168,475 shares in the company, valued at $4,296,112.50. This trade represents a 15.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 95,675 shares of company stock valued at $2,421,237 in the last ninety days. Corporate insiders own 2.60% of the company's stock.

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.