XTX Topco Ltd Buys New Position in Interface, Inc. (NASDAQ:TILE)

Key Points

• XTX Topco Ltd has acquired a new position in Interface, Inc., purchasing 15,259 shares valued at approximately $303,000 during the first quarter.
• Several institutional investors, including Versant Capital Management Inc and Bank of Montreal Can, have also increased their stakes in Interface, with institutional ownership now at 98.34%.
• Interface recently reported a quarterly earnings per share of $0.60, which exceeds analyst expectations, along with an 8.3% increase in year-over-year revenue.

XTX Topco Ltd bought a new stake in Interface, Inc. (NASDAQ:TILE - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 15,259 shares of the textile maker's stock, valued at approximately $303,000.

Several other institutional investors have also recently made changes to their positions in the stock. Versant Capital Management Inc increased its position 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 purchasing an additional 815 shares during the last quarter. Bank of Montreal Can increased its position in shares of 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 during the last quarter. New York State Common Retirement Fund increased its position in shares of Interface by 7.3% during the 1st quarter. New York State Common Retirement Fund now owns 16,184 shares of the textile maker's stock worth $321,000 after purchasing an additional 1,100 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Interface by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,633 shares of the textile maker's stock worth $795,000 after purchasing an additional 1,123 shares during the last quarter. Finally, Sterling Capital Management LLC increased its position in shares of Interface by 4.8% during the 4th quarter. Sterling Capital Management LLC now owns 32,072 shares of the textile maker's stock worth $781,000 after purchasing an additional 1,473 shares during the last quarter. Institutional investors and hedge funds own 98.34% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Wall Street Zen raised Interface from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Barrington Research boosted their price target on Interface from $30.00 to $32.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st.

Insider Buying and Selling

In related news, VP James Poppens sold 19,474 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $20.14, for a total transaction of $392,206.36. Following the transaction, the vice president directly owned 130,142 shares of the company's stock, valued at approximately $2,621,059.88. The trade was a 13.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Stansfield Nigel sold 79,497 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $25.60, for a total value of $2,035,123.20. Following the transaction, the vice president directly owned 65,125 shares in the company, valued at $1,667,200. The trade was a 54.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 99,497 shares of company stock worth $2,437,913 over the last three months. 2.60% of the stock is owned by insiders.

Interface Stock Down 0.0%

TILE stock opened at $24.87 on Monday. The company has a current ratio of 2.88, a quick ratio of 1.59 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $1.46 billion, a PE ratio of 15.35, a PEG ratio of 0.98 and a beta of 2.00. Interface, Inc. has a 1-year low of $16.20 and a 1-year high of $27.34. The business's 50 day simple moving average is $21.39 and its 200 day simple moving average is $20.70.

Interface (NASDAQ:TILE - Get Free Report) last posted its earnings results on Friday, August 1st. The textile maker reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.13. The business had revenue of $375.52 million for the quarter, compared to analyst estimates of $360.57 million. Interface had a return on equity of 18.97% and a net margin of 7.08%. The firm's revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.40 EPS. As a group, research analysts anticipate that Interface, Inc. will post 1.37 EPS for the current year.

Interface Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.2%. Interface's payout ratio is presently 2.47%.

Interface 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.

Want to see what other hedge funds are holding TILE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Interface, Inc. (NASDAQ:TILE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.