Interface, Inc. (NASDAQ:TILE) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its stake in Interface, Inc. (NASDAQ:TILE - Free Report) by 43.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 509,341 shares of the textile maker's stock after purchasing an additional 154,041 shares during the quarter. Renaissance Technologies LLC owned about 0.87% of Interface worth $12,402,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. HighTower Advisors LLC bought a new stake in Interface in the third quarter worth $1,138,000. Sanctuary Advisors LLC bought a new stake in Interface in the third quarter worth $1,661,000. Amundi boosted its stake in Interface by 202.0% during the fourth quarter. Amundi now owns 34,408 shares of the textile maker's stock worth $804,000 after buying an additional 23,013 shares during the period. Jennison Associates LLC boosted its stake in shares of Interface by 103.2% during the 4th quarter. Jennison Associates LLC now owns 65,494 shares of the textile maker's stock worth $1,595,000 after purchasing an additional 33,264 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in shares of Interface during the fourth quarter valued at approximately $479,000. Hedge funds and other institutional investors own 98.34% of the company's stock.

Insider Activity at Interface

In related news, Director Daniel T. Hendrix sold 12,500 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $23.78, for a total value of $297,250.00. Following the completion of the transaction, the director now directly owns 103,647 shares in the company, valued at $2,464,725.66. The trade was a 10.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.60% of the stock is owned by company insiders.

Interface Stock Down 2.6 %

Interface stock traded down $0.49 during trading hours on Monday, reaching $18.09. The stock had a trading volume of 17,546 shares, compared to its average volume of 516,943. Interface, Inc. has a 52 week low of $14.13 and a 52 week high of $27.34. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 0.96 and a beta of 1.93. 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 business's 50 day moving average price is $19.77 and its 200-day moving average price is $22.18.

Interface (NASDAQ:TILE - Get Free Report) last released its quarterly 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. Interface had a net margin of 6.49% and a return on equity of 19.91%. The business had revenue of $335.00 million for the quarter, compared to analyst estimates of $340.51 million. During the same period in the previous year, the company earned $0.41 earnings per share. The business's revenue for the quarter was up 3.0% on a year-over-year basis. Sell-side analysts anticipate that Interface, Inc. will post 1.37 EPS for the current year.

Interface Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were paid a $0.01 dividend. The ex-dividend date was Friday, March 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.22%. Interface's payout ratio is 2.72%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TILE shares. StockNews.com lowered shares of Interface from a "buy" rating to a "hold" rating in a research note on Friday. Barrington Research reaffirmed an "outperform" rating and set a $30.00 price target on shares of Interface in a research note on Tuesday, April 15th.

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.