Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 74,141 Interface, Inc. (NASDAQ:TILE)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired 74,141 shares of Interface, Inc. valued at approximately $1.47 million, representing about 0.13% of the company's stock.
• Hedge funds and institutional investors collectively own an impressive 98.34% of Interface's stock, highlighting significant interest from large financial entities.
• Interface recently declared a quarterly dividend of $0.01 per share, translating to an annualized yield of 0.2%.

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Interface, Inc. (NASDAQ:TILE - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 74,141 shares of the textile maker's stock, valued at approximately $1,471,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.13% of Interface at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of TILE. Huntington National Bank purchased a new position in shares of Interface during the 4th quarter worth $28,000. Virtus Fund Advisers LLC purchased a new position in shares of Interface during the 4th quarter worth $48,000. Versant Capital Management Inc boosted its stake in shares of Interface by 49.6% during the 1st quarter. Versant Capital Management Inc now owns 2,458 shares of the textile maker's stock worth $49,000 after acquiring an additional 815 shares during the last quarter. National Bank of Canada FI boosted its stake in shares of Interface by 13.3% during the 4th quarter. National Bank of Canada FI now owns 3,850 shares of the textile maker's stock worth $94,000 after acquiring an additional 451 shares during the last quarter. Finally, Scotia Capital Inc. purchased a new position in shares of Interface during the 4th quarter worth $204,000. Institutional investors own 98.34% of the company's stock.

Interface Trading Up 19.4%

Shares of Interface stock traded up $3.99 during trading on Friday, hitting $24.61. The stock had a trading volume of 1,189,025 shares, compared to its average volume of 314,137. The stock has a market cap of $1.44 billion, a PE ratio of 16.97, a PEG ratio of 0.87 and a beta of 1.97. Interface, Inc. has a 12 month low of $14.75 and a 12 month high of $27.34. The firm's fifty day simple moving average is $20.88 and its 200-day simple moving average is $20.72. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.76 and a quick ratio of 1.42.

Interface (NASDAQ:TILE - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The textile maker reported $0.60 EPS for the quarter, beating the consensus estimate of $0.47 by $0.13. The company had revenue of $375.52 million for the quarter, compared to the consensus estimate of $360.57 million. Interface had a return on equity of 17.73% and a net margin of 6.48%. Interface's quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.40 EPS. As a group, sell-side analysts expect that Interface, Inc. will post 1.37 EPS for the current fiscal year.

Interface Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a $0.01 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.2%. Interface's payout ratio is currently 2.76%.

Analyst Ratings Changes

TILE has been the topic of several recent analyst reports. Barrington Research raised their price objective on shares of Interface from $30.00 to $32.00 and gave the company an "outperform" rating in a research report on Friday. Wall Street Zen upgraded shares of Interface from a "hold" rating to a "buy" rating in a research report on Saturday, May 10th.

Insider Activity at Interface

In other Interface news, VP James Poppens sold 19,474 shares of the company's 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 transaction, the vice president owned 130,142 shares in the company, valued at approximately $2,621,059.88. This represents a 13.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.30% of the company's stock.

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.