Squarepoint Ops LLC Boosts Stock Holdings in Interface, Inc. (NASDAQ:TILE)

Squarepoint Ops LLC boosted its holdings in Interface, Inc. (NASDAQ:TILE - Free Report) by 103.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,807 shares of the textile maker's stock after purchasing an additional 17,732 shares during the quarter. Squarepoint Ops LLC owned about 0.06% of Interface worth $848,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. National Bank of Canada FI grew its holdings in shares of Interface by 13.3% during the fourth quarter. National Bank of Canada FI now owns 3,850 shares of the textile maker's stock valued at $94,000 after buying an additional 451 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Interface by 78.4% in the 4th 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 in the last quarter. Principal Securities Inc. boosted its stake in Interface by 103.1% during the 4th quarter. Principal Securities Inc. now owns 1,460 shares of the textile maker's stock valued at $36,000 after purchasing an additional 741 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in Interface by 204.4% during the 4th quarter. Venturi Wealth Management LLC now owns 1,117 shares of the textile maker's stock valued at $27,000 after purchasing an additional 750 shares during the last quarter. Finally, Bank of Montreal Can increased its holdings in Interface by 4.2% during the 4th quarter. Bank of Montreal Can now owns 21,870 shares of the textile maker's stock worth $533,000 after purchasing an additional 891 shares in the last quarter. Institutional investors own 98.34% of the company's stock.

Interface Stock Up 2.1%

Shares of TILE traded up $0.42 during trading hours on Tuesday, reaching $20.25. 239,315 shares of the stock traded hands, compared to its average volume of 508,941. Interface, Inc. has a 52 week low of $14.13 and a 52 week high of $27.34. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 14.16, a PEG ratio of 0.96 and a beta of 1.95. The stock has a fifty day simple moving average of $19.46 and a 200 day simple moving average of $21.94. 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 announced its 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 firm had revenue of $297.41 million for the quarter, compared to the consensus estimate 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 quarter in the previous year, the business earned $0.24 EPS. On average, 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 will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given 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 presently 2.76%.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Interface

In related news, VP James Poppens sold 19,474 shares of the stock in a transaction dated 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 transaction, the vice president now owns 130,142 shares in the company, valued at approximately $2,621,059.88. This represents a 13.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company 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.