GAMMA Investing LLC Acquires 80,837 Shares of Interface, Inc. (NASDAQ:TILE)

GAMMA Investing LLC grew its position in Interface, Inc. (NASDAQ:TILE - Free Report) by 2,083.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 84,717 shares of the textile maker's stock after purchasing an additional 80,837 shares during the period. GAMMA Investing LLC owned about 0.15% of Interface worth $16,810,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Interface by 4.2% in the fourth quarter. Vanguard Group Inc. now owns 6,116,464 shares of the textile maker's stock valued at $148,936,000 after buying an additional 246,726 shares during the last quarter. American Century Companies Inc. raised its position in shares of Interface by 12.3% in the 4th quarter. American Century Companies Inc. now owns 1,992,296 shares of the textile maker's stock valued at $48,512,000 after acquiring an additional 218,113 shares during the period. Hood River Capital Management LLC acquired a new position in Interface in the fourth quarter valued at about $28,897,000. Prudential Financial Inc. increased its position in shares of Interface by 25.9% during the fourth quarter. Prudential Financial Inc. now owns 676,030 shares of the textile maker's stock worth $16,461,000 after acquiring an additional 139,150 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Interface by 11.6% in the 4th quarter. Northern Trust Corp now owns 665,537 shares of the textile maker's stock valued at $16,206,000 after acquiring an additional 69,417 shares in the last quarter. 98.34% of the stock is owned by institutional investors.

Insider Transactions at Interface

In other news, VP James Poppens sold 19,474 shares of Interface stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $20.14, for a total value of $392,206.36. Following the completion of the transaction, the vice president now owns 130,142 shares in the company, valued at $2,621,059.88. This trade represents a 13.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.30% of the company's stock.

Interface Trading Up 3.5%

Shares of TILE stock traded up $0.71 on Monday, hitting $20.85. The company had a trading volume of 450,277 shares, compared to its average volume of 503,238. Interface, Inc. has a twelve month low of $14.13 and a twelve month high of $27.34. 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 stock's 50-day moving average is $19.48 and its two-hundred day moving average is $21.80. The firm has a market cap of $1.22 billion, a P/E ratio of 14.58, a P/E/G ratio of 0.96 and a beta of 1.98.

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

Interface Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date is Friday, May 30th. Interface's payout ratio is 2.76%.

Wall Street Analyst Weigh In

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

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.