14,400 Shares in Interface, Inc. (NASDAQ:TILE) Bought by Versor Investments LP

Versor Investments LP bought a new position in shares of Interface, Inc. (NASDAQ:TILE) in the 3rd quarter, Holdings Channel.com reports. The fund bought 14,400 shares of the textile maker’s stock, valued at approximately $273,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. First Eagle Investment Management LLC acquired a new position in shares of Interface during the 1st quarter worth about $2,027,000. SG Americas Securities LLC boosted its position in shares of Interface by 1,195.5% during the 2nd quarter. SG Americas Securities LLC now owns 84,647 shares of the textile maker’s stock worth $1,243,000 after acquiring an additional 78,113 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of Interface by 182.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 130,020 shares of the textile maker’s stock worth $2,187,000 after acquiring an additional 83,932 shares in the last quarter. Private Advisor Group LLC acquired a new position in shares of Interface during the 3rd quarter worth about $790,000. Finally, Renaissance Technologies LLC boosted its position in shares of Interface by 11.0% during the 2nd quarter. Renaissance Technologies LLC now owns 345,400 shares of the textile maker’s stock worth $5,070,000 after acquiring an additional 34,200 shares in the last quarter. 98.34% of the stock is owned by institutional investors and hedge funds.

Interface Stock Down 1.5 %

Interface stock opened at $24.99 on Friday. Interface, Inc. has a fifty-two week low of $9.78 and a fifty-two week high of $26.11. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.38 and a current ratio of 2.57. The company has a market capitalization of $1.46 billion, a P/E ratio of 17.72, a PEG ratio of 1.24 and a beta of 1.97. The stock has a 50-day simple moving average of $19.79 and a 200-day simple moving average of $17.40.

Interface (NASDAQ:TILE) last posted its earnings results on Friday, November 1st. The textile maker reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.14. Interface had a return on equity of 19.91% and a net margin of 6.49%. The business had revenue of $344.30 million during the quarter, compared to the consensus estimate of $336.39 million. During the same period in the previous year, the business earned $0.28 EPS. The business’s quarterly revenue was up 10.7% on a year-over-year basis. Equities research analysts expect that Interface, Inc. will post 1.37 earnings per share for the current year.

Wall Street Analyst Weigh In

TILE has been the subject of several analyst reports. StockNews.com cut Interface from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 4th. Barrington Research upped their price objective on Interface from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st.

Insider Activity

In other Interface news, Director Daniel T. Hendrix sold 3,555 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $17.53, for a total transaction of $62,319.15. Following the completion of the sale, the director now directly owns 191,147 shares of the company’s stock, valued at $3,350,806.91. This represents a 1.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Stansfield Nigel sold 20,000 shares of the company’s stock in a transaction that occurred 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 sale, the vice president now directly owns 144,355 shares of the company’s stock, valued at approximately $3,481,842.60. This represents a 12.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.