Trexquant Investment LP Increases Holdings in Interface, Inc. (NASDAQ:TILE)

Trexquant Investment LP increased its stake in Interface, Inc. (NASDAQ:TILE - Free Report) by 385.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 240,594 shares of the textile maker's stock after buying an additional 190,982 shares during the quarter. Trexquant Investment LP owned about 0.41% of Interface worth $5,858,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of TILE. FMR LLC grew its holdings in Interface by 138.8% during the 3rd quarter. FMR LLC now owns 95,215 shares of the textile maker's stock valued at $1,806,000 after purchasing an additional 55,345 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Interface by 13.3% in the third quarter. BNP Paribas Financial Markets now owns 29,555 shares of the textile maker's stock worth $561,000 after buying an additional 3,464 shares during the period. Verition Fund Management LLC bought a new stake in shares of Interface during the 3rd quarter worth approximately $214,000. Point72 Asia Singapore Pte. Ltd. boosted its holdings in Interface by 174.2% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,934 shares of the textile maker's stock valued at $113,000 after acquiring an additional 3,770 shares during the period. Finally, Paloma Partners Management Co bought a new position in Interface in the 3rd quarter valued at $249,000. 98.34% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Interface

In other Interface news, Director Daniel T. Hendrix sold 7,500 shares of Interface stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $19.95, for a total value of $149,625.00. Following the transaction, the director now directly owns 96,147 shares of the company's stock, valued at approximately $1,918,132.65. The trade was a 7.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.60% of the stock is owned by corporate insiders.

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Interface Stock Down 4.2 %

Shares of TILE stock traded down $0.82 during mid-day trading on Thursday, hitting $18.69. The stock had a trading volume of 70,258 shares, compared to its average volume of 517,813. Interface, Inc. has a 12-month low of $14.13 and a 12-month 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. The firm's 50-day moving average is $20.40 and its two-hundred day moving average is $22.14. The firm has a market capitalization of $1.09 billion, a P/E ratio of 12.97, a price-to-earnings-growth ratio of 0.96 and a beta of 1.93.

Interface (NASDAQ:TILE - Get Free Report) last posted its earnings results on Tuesday, February 25th. The textile maker reported $0.34 EPS for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $340.51 million. During the same quarter last year, the firm posted $0.41 EPS. The company's revenue for the quarter was up 3.0% on a year-over-year basis. On average, analysts predict that Interface, Inc. will post 1.37 earnings per share for the current fiscal year.

Interface Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.21%. Interface's dividend payout ratio is presently 2.72%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TILE. Barrington Research reissued an "outperform" rating and set a $30.00 target price on shares of Interface in a research note on Tuesday, February 25th. StockNews.com downgraded shares of Interface from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th.

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.