Bradley & Co. Private Wealth Management LLC Invests $160,000 in Interface, Inc. (NASDAQ:TILE)

Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Interface, Inc. (NASDAQ:TILE) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 6,590 shares of the textile maker’s stock, valued at approximately $160,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Venturi Wealth Management LLC grew its position in Interface by 204.4% during the 4th quarter. Venturi Wealth Management LLC now owns 1,117 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 750 shares during the last quarter. Principal Securities Inc. lifted its stake in shares of Interface by 103.1% in the fourth quarter. Principal Securities Inc. now owns 1,460 shares of the textile maker’s stock worth $36,000 after buying an additional 741 shares in the last quarter. Quarry LP grew its holdings in shares of Interface by 499.5% during the third quarter. Quarry LP now owns 2,476 shares of the textile maker’s stock valued at $47,000 after buying an additional 2,063 shares during the last quarter. National Bank of Canada FI increased its position 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 valued at $64,000 after acquiring an additional 856 shares in the last quarter. Finally, KBC Group NV lifted its position in Interface by 70.7% in the 3rd quarter. KBC Group NV now owns 3,472 shares of the textile maker’s stock valued at $66,000 after acquiring an additional 1,438 shares in the last quarter. 98.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. StockNews.com raised Interface from a “buy” rating to a “strong-buy” rating in a report on Monday. Barrington Research reaffirmed an “outperform” rating and set a $30.00 price target on shares of Interface in a report on Tuesday.

Insider Transactions at Interface

In related news, VP David B. Foshee sold 15,175 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $26.27, for a total transaction of $398,647.25. Following the completion of the transaction, the vice president now directly owns 202,398 shares in the company, valued at approximately $5,316,995.46. The trade was a 6.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Daniel T. Hendrix sold 18,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $26.33, for a total transaction of $473,940.00. Following the completion of the sale, the director now directly owns 153,147 shares of the company’s stock, valued at $4,032,360.51. This represents a 10.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 58,175 shares of company stock worth $1,471,087 in the last three months. Corporate insiders own 2.60% of the company’s stock.

Interface Stock Performance

Shares of TILE opened at $18.87 on Wednesday. The firm has a market capitalization of $1.10 billion, a P/E ratio of 13.20, a PEG ratio of 0.96 and a beta of 2.10. 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, Inc. has a one year low of $13.15 and a one year high of $27.34. The business has a fifty day moving average of $23.71 and a 200 day moving average of $21.93.

Interface (NASDAQ:TILE) last posted its quarterly earnings data on Tuesday, February 25th. The textile maker reported $0.34 earnings per share (EPS) for the quarter, topping 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 company 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 earnings per share. The firm’s revenue was up 3.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Interface, Inc. will post 1.37 EPS for the current year.

About Interface

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.