Interface, Inc. (NASDAQ:TILE) Holdings Lifted by Green Alpha Advisors LLC

Green Alpha Advisors LLC lifted its stake in Interface, Inc. (NASDAQ:TILE - Free Report) by 29.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,691 shares of the textile maker's stock after acquiring an additional 17,712 shares during the period. Interface accounts for 1.7% of Green Alpha Advisors LLC's portfolio, making the stock its 12th largest position. Green Alpha Advisors LLC owned 0.13% of Interface worth $1,561,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC raised its stake in shares of Interface by 204.4% in the fourth quarter. Venturi Wealth Management LLC now owns 1,117 shares of the textile maker's stock worth $27,000 after purchasing an additional 750 shares during the last quarter. Huntington National Bank acquired a new position in Interface in the 4th quarter worth approximately $28,000. Smartleaf Asset Management LLC raised its position in Interface by 78.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,242 shares of the textile maker's stock worth $30,000 after buying an additional 546 shares during the last quarter. Principal Securities Inc. raised its position in Interface by 103.1% during the 4th quarter. Principal Securities Inc. now owns 1,460 shares of the textile maker's stock worth $36,000 after buying an additional 741 shares during the last quarter. Finally, Virtus Fund Advisers LLC purchased a new position in Interface during the 4th quarter worth approximately $48,000. Institutional investors own 98.34% of the company's stock.

Insider Buying and Selling at Interface

In related news, VP James Poppens sold 19,474 shares of Interface stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $20.14, for a total value of $392,206.36. Following the transaction, the vice president now owns 130,142 shares in the company, valued at approximately $2,621,059.88. This trade represents a 13.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on TILE shares. Wall Street Zen raised Interface from a "hold" rating to a "buy" rating in a report on Saturday, May 10th. Barrington Research reiterated an "outperform" rating and issued a $30.00 target price on shares of Interface in a research note on Friday, May 2nd.

Interface Trading Down 0.4%

TILE stock traded down $0.09 during midday trading on Thursday, hitting $20.04. 79,053 shares of the company's stock were exchanged, compared to its average volume of 492,810. The stock has a market capitalization of $1.17 billion, a PE ratio of 14.01, a P/E/G ratio of 0.96 and a beta of 1.95. The company has a current ratio of 2.57, a quick ratio of 1.38 and a debt-to-equity ratio of 0.66. Interface, Inc. has a 1-year low of $14.13 and a 1-year high of $27.34. The business has a 50-day simple moving average of $19.47 and a two-hundred day simple moving average of $21.92.

Interface (NASDAQ:TILE - Get Free Report) last posted its earnings results on Friday, May 2nd. The textile maker reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.04. The business had revenue of $297.41 million for the quarter, compared to analysts' expectations of $297.11 million. Interface had a return on equity of 19.91% and a net margin of 6.49%. The business's revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 earnings per share. On average, sell-side analysts predict that Interface, Inc. will post 1.37 EPS for the current fiscal year.

Interface Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.20%. The ex-dividend date of this dividend is Friday, May 30th. Interface's payout ratio is 2.76%.

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.