Register Financial Advisors LLC Has $1.72 Million Stake in Interface, Inc. (NASDAQ:TILE)

Register Financial Advisors LLC decreased its stake in shares of Interface, Inc. (NASDAQ:TILE - Free Report) by 14.2% during the 1st quarter, according to its most recent 13F 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 comprises about 0.9% of Register Financial Advisors LLC's portfolio, making the stock its 29th biggest holding. Register Financial Advisors LLC owned about 0.15% of Interface worth $1,723,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in TILE. North Star Investment Management Corp. increased its holdings in shares of Interface by 9.9% during the 1st quarter. North Star Investment Management Corp. now owns 166,075 shares of the textile maker's stock worth $3,295,000 after acquiring an additional 15,000 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Interface by 23.8% during the 1st quarter. SG Americas Securities LLC now owns 16,386 shares of the textile maker's stock valued at $325,000 after acquiring an additional 3,150 shares during the period. Harbor Capital Advisors Inc. bought a new stake in shares of Interface during the 1st quarter valued at $304,000. Wedge Capital Management L L P NC lifted its position in shares of Interface by 22.3% during the 1st quarter. Wedge Capital Management L L P NC now owns 62,569 shares of the textile maker's stock valued at $1,241,000 after acquiring an additional 11,416 shares during the period. Finally, Congress Asset Management Co. bought a new stake in shares of Interface during the 1st quarter valued at $44,969,000. Institutional investors and hedge funds own 98.34% of the company's stock.

Wall Street Analysts Forecast Growth

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

Interface Price Performance

Shares of TILE stock traded up $0.05 on Friday, reaching $20.12. The company had a trading volume of 690,496 shares, compared to its average volume of 495,815. The stock has a market capitalization of $1.18 billion, a PE ratio of 13.88, a price-to-earnings-growth ratio of 0.85 and a beta of 1.98. 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, Inc. has a one year low of $14.13 and a one year high of $27.34. The business's 50-day moving average is $19.81 and its 200 day moving average is $21.42.

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

Interface Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued 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 dividend payout ratio (DPR) is presently 2.76%.

Insider Activity at Interface

In other Interface news, VP James Poppens sold 19,474 shares of the stock in a transaction that occurred 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 completion of the sale, the vice president now owns 130,142 shares of the company's stock, valued at approximately $2,621,059.88. This represents a 13.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.60% of the stock is owned by company insiders.

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.