Man Group plc Invests $1.08 Million in Interface, Inc. (NASDAQ:TILE)

Man Group plc acquired a new stake in shares of Interface, Inc. (NASDAQ:TILE - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 44,470 shares of the textile maker's stock, valued at approximately $1,083,000. Man Group plc owned approximately 0.08% of Interface at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Hood River Capital Management LLC acquired a new position in shares of Interface during the 4th quarter worth approximately $28,897,000. Nuveen Asset Management LLC boosted its stake in Interface by 170.3% during the fourth quarter. Nuveen Asset Management LLC now owns 641,730 shares of the textile maker's stock worth $15,626,000 after buying an additional 404,277 shares during the last quarter. Vanguard Group Inc. boosted its stake in Interface by 4.2% during the fourth quarter. Vanguard Group Inc. now owns 6,116,464 shares of the textile maker's stock worth $148,936,000 after buying an additional 246,726 shares during the last quarter. Barclays PLC grew its holdings in Interface by 688.5% in the 3rd quarter. Barclays PLC now owns 256,987 shares of the textile maker's stock valued at $4,873,000 after buying an additional 224,395 shares in the last quarter. Finally, American Century Companies Inc. increased its stake 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 worth $48,512,000 after acquiring an additional 218,113 shares during the last quarter. Hedge funds and other institutional investors own 98.34% of the company's stock.

Insider Transactions at Interface

In other Interface news, Director Daniel T. Hendrix sold 7,500 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $19.95, for a total value of $149,625.00. Following the sale, the director now owns 96,147 shares of the company's stock, valued at $1,918,132.65. The trade was a 7.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.30% of the company's stock.

Interface Trading Up 0.1%

Interface stock traded up $0.02 during mid-day trading on Friday, hitting $20.02. The company's stock had a trading volume of 83,746 shares, compared to its average volume of 508,475. The stock's fifty day moving average is $19.47 and its two-hundred day moving average is $22.07. The company has a current ratio of 2.57, a quick ratio of 1.38 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $1.17 billion, a PE ratio of 13.98, a price-to-earnings-growth ratio of 0.96 and a beta of 1.95. Interface, Inc. has a 1 year low of $14.13 and a 1 year high of $27.34.

Interface (NASDAQ:TILE - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The textile maker reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.04. The business had revenue of $297.41 million during 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 company's revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.24 EPS. On average, analysts anticipate that Interface, Inc. will post 1.37 EPS for the current year.

Interface Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date of this dividend is Friday, May 30th. Interface's dividend payout ratio (DPR) is 2.76%.

Wall Street Analyst Weigh In

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

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.