Register Financial Advisors LLC Reduces Stock Position in Interface, Inc. (NASDAQ:TILE)

Register Financial Advisors LLC lessened its position in shares of Interface, Inc. (NASDAQ:TILE - Free Report) by 14.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 86,857 shares of the textile maker's stock after selling 14,393 shares during the quarter. Interface makes up about 0.9% of Register Financial Advisors LLC's holdings, making the stock its 29th largest position. Register Financial Advisors LLC owned about 0.15% of Interface worth $1,723,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in 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 valued at $27,000 after buying an additional 750 shares in the last quarter. Huntington National Bank purchased a new stake in shares of Interface in the fourth quarter valued at $28,000. Smartleaf Asset Management LLC boosted its stake in shares of Interface by 78.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,242 shares of the textile maker's stock valued at $30,000 after acquiring an additional 546 shares during the last quarter. Principal Securities Inc. increased 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 purchasing an additional 741 shares in the last quarter. Finally, Virtus Fund Advisers LLC acquired a new position in Interface in the 4th quarter valued at about $48,000. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Interface

In other Interface news, VP James Poppens sold 19,474 shares of the firm'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 transaction, the vice president now directly owns 130,142 shares of the company's stock, 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 SEC, which is available through this hyperlink. Insiders own 2.60% of the company's stock.

Interface Trading Up 1.9%

Shares of NASDAQ:TILE traded up $0.39 during midday trading on Tuesday, reaching $21.14. The company's stock had a trading volume of 193,066 shares, compared to its average volume of 493,896. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 14.58, a price-to-earnings-growth ratio of 0.85 and a beta of 1.98. The business has a 50 day moving average price of $19.85 and a 200 day moving average price of $21.35. Interface, Inc. has a 1 year low of $14.13 and a 1 year high of $27.34. The company has a quick ratio of 1.42, a current ratio of 2.76 and a debt-to-equity ratio of 0.59.

Interface (NASDAQ:TILE - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The textile maker reported $0.25 EPS for the quarter, beating the consensus estimate of $0.21 by $0.04. Interface had a return on equity of 17.73% and a net margin of 6.48%. The company had revenue of $297.41 million during the quarter, compared to analysts' expectations of $297.11 million. During the same quarter in the previous year, the business earned $0.24 EPS. The firm's revenue was up 2.7% on a year-over-year basis. Research analysts forecast that Interface, Inc. will post 1.37 EPS for the current year.

Interface Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.19%. Interface's dividend payout ratio is presently 2.76%.

Analyst Ratings Changes

Several equities research analysts have issued reports 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 restated an "outperform" rating and set a $30.00 target price on shares of Interface in a research report 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.