Jefferies Financial Group Inc. Purchases Shares of 46,129 Interface, Inc. (NASDAQ:TILE)

Jefferies Financial Group Inc. bought a new position in shares of Interface, Inc. (NASDAQ:TILE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 46,129 shares of the textile maker's stock, valued at approximately $1,123,000. Jefferies Financial Group Inc. owned approximately 0.08% of Interface at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Venturi Wealth Management LLC lifted its stake in Interface by 204.4% in the 4th 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 in the last quarter. Huntington National Bank purchased a new stake in Interface in the 4th quarter worth approximately $28,000. Smartleaf Asset Management LLC lifted its stake in Interface by 78.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,242 shares of the textile maker's stock worth $30,000 after purchasing an additional 546 shares in the last quarter. Principal Securities Inc. lifted its stake in Interface by 103.1% in the 4th quarter. Principal Securities Inc. now owns 1,460 shares of the textile maker's stock worth $36,000 after purchasing an additional 741 shares in the last quarter. Finally, Virtus Fund Advisers LLC purchased a new stake in Interface in the 4th quarter worth approximately $48,000. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TILE has been the topic of several recent analyst reports. 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. Wall Street Zen raised shares of Interface from a "hold" rating to a "buy" rating in a report on Saturday, May 10th.

Interface Price Performance

Shares of NASDAQ:TILE traded down $0.02 during trading on Friday, reaching $19.99. The company had a trading volume of 418,628 shares, compared to its average volume of 510,153. The company has a fifty day moving average of $19.47 and a two-hundred day moving average of $22.03. The stock has a market capitalization of $1.17 billion, a P/E ratio of 13.98, a price-to-earnings-growth ratio of 0.96 and a beta of 1.95. Interface, Inc. has a 12 month low of $14.13 and a 12 month high of $27.34. 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 (NASDAQ:TILE - Get Free Report) last issued its quarterly 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. Interface had a net margin of 6.49% and a return on equity of 19.91%. The firm had revenue of $297.41 million for the quarter, compared to analyst estimates of $297.11 million. During the same quarter in the prior year, the firm earned $0.24 EPS. The business's revenue for the quarter was up 2.7% compared to the same quarter last year. Equities research analysts forecast that Interface, Inc. will post 1.37 earnings per share for the current year.

Interface Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued 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 dividend payout ratio is currently 2.76%.

Insider Activity at Interface

In related news, VP James Poppens sold 19,474 shares of the stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $20.14, for a total transaction of $392,206.36. Following the transaction, the vice president now owns 130,142 shares of the company's stock, valued at approximately $2,621,059.88. This trade represents a 13.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel T. Hendrix sold 7,500 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $19.95, for a total transaction of $149,625.00. Following the sale, the director now directly owns 96,147 shares of the company's stock, valued at $1,918,132.65. The trade was a 7.24% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,500 shares of company stock valued at $552,414. Insiders own 2.30% of the company's stock.

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.