North Star Investment Management Corp. Purchases 15,000 Shares of Interface, Inc. (NASDAQ:TILE)

North Star Investment Management Corp. increased its stake in Interface, Inc. (NASDAQ:TILE - Free Report) by 9.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 166,075 shares of the textile maker's stock after purchasing an additional 15,000 shares during the period. North Star Investment Management Corp. owned 0.28% of Interface worth $3,295,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of TILE. Allspring Global Investments Holdings LLC bought a new position in Interface in the 4th quarter worth approximately $228,000. Principal Securities Inc. grew its holdings 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 acquiring an additional 741 shares during the period. Principal Financial Group Inc. grew its holdings in Interface by 3.8% during the 4th quarter. Principal Financial Group Inc. now owns 315,596 shares of the textile maker's stock worth $7,685,000 after acquiring an additional 11,546 shares during the period. Venturi Wealth Management LLC grew its holdings in Interface by 204.4% during the 4th quarter. Venturi Wealth Management LLC now owns 1,117 shares of the textile maker's stock worth $27,000 after acquiring an additional 750 shares during the period. Finally, Bradley & Co. Private Wealth Management LLC acquired a new stake in Interface during the 4th quarter worth $160,000. Institutional investors own 98.34% of the company's stock.

Insider Buying and Selling at Interface

In other Interface news, VP James Poppens sold 19,474 shares of the business's stock in a transaction dated Thursday, May 29th. The stock was 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 directly owns 130,142 shares of the company's stock, valued at approximately $2,621,059.88. The trade was a 13.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.60% of the company's stock.

Interface Trading Down 4.3%

TILE traded down $0.91 during trading on Friday, reaching $20.06. 373,018 shares of the company's stock were exchanged, compared to its average volume of 502,726. Interface, Inc. has a fifty-two week low of $14.13 and a fifty-two week high of $27.34. The firm has a market capitalization of $1.18 billion, a PE ratio of 14.03, a P/E/G ratio of 0.96 and a beta of 1.98. 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's fifty day moving average price is $19.69 and its 200-day moving average price is $21.64.

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

Interface Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a $0.01 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.20%. Interface's payout ratio is 2.76%.

Wall Street Analysts Forecast Growth

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

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.