Cubist Systematic Strategies LLC Has $598,000 Stock Holdings in Interface, Inc. (NASDAQ:TILE)

Cubist Systematic Strategies LLC trimmed its position in shares of Interface, Inc. (NASDAQ:TILE - Free Report) by 75.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,555 shares of the textile maker's stock after selling 76,810 shares during the quarter. Cubist Systematic Strategies LLC's holdings in Interface were worth $598,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Venturi Wealth Management LLC grew its holdings in shares of Interface by 204.4% during the fourth quarter. Venturi Wealth Management LLC now owns 1,117 shares of the textile maker's stock worth $27,000 after purchasing an additional 750 shares in the last quarter. Huntington National Bank bought a new stake in Interface during the 4th quarter valued at about $28,000. Smartleaf Asset Management LLC raised 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 worth $30,000 after buying an additional 546 shares during the last quarter. Principal Securities Inc. lifted its stake in shares of Interface by 103.1% in 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 during the period. Finally, US Bancorp DE boosted its holdings in Interface by 163.5% in the 4th quarter. US Bancorp DE now owns 2,398 shares of the textile maker's stock worth $58,000 after buying an additional 1,488 shares during the period. 98.34% of the stock is currently owned by institutional investors.

Interface Price Performance

TILE stock traded down $0.22 during midday trading on Wednesday, hitting $20.61. 21,420 shares of the stock were exchanged, compared to its average volume of 509,195. The stock's 50-day moving average price is $19.43 and its 200-day moving average price is $22.27. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.38 and a current ratio of 2.57. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 14.45, a PEG ratio of 0.96 and a beta of 1.95. Interface, Inc. has a fifty-two week low of $14.13 and a fifty-two week high of $27.34.

Interface (NASDAQ:TILE - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The textile maker reported $0.25 EPS for the quarter, topping the consensus estimate of $0.21 by $0.04. The business had revenue of $297.41 million for the quarter, compared to analysts' expectations of $297.11 million. Interface had a net margin of 6.49% and a return on equity of 19.91%. The company's quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.24 earnings per share. Research analysts predict that Interface, Inc. will post 1.37 earnings per share for the current year.

Interface Announces Dividend

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

Analyst Ratings Changes

TILE has been the topic of several research analyst reports. StockNews.com raised Interface from a "hold" rating to a "buy" rating in a research report on Saturday, May 10th. Barrington Research reissued an "outperform" rating and set a $30.00 price objective on shares of Interface in a research report on Friday, May 2nd.

Insiders Place Their Bets

In other Interface news, Director Daniel T. Hendrix sold 7,500 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $19.95, for a total transaction of $149,625.00. Following the completion of the transaction, the director now owns 96,147 shares in the company, valued at $1,918,132.65. This trade represents a 7.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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.