O Shaughnessy Asset Management LLC Makes New Investment in Interface, Inc. (NASDAQ:TILE)

O Shaughnessy Asset Management LLC acquired a new position in Interface, Inc. (NASDAQ:TILE - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 13,315 shares of the textile maker's stock, valued at approximately $324,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Venturi Wealth Management LLC raised its holdings in shares of Interface by 204.4% in the fourth quarter. Venturi Wealth Management LLC now owns 1,117 shares of the textile maker's stock worth $27,000 after acquiring an additional 750 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Interface by 78.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,242 shares of the textile maker's stock worth $30,000 after purchasing an additional 546 shares in the last quarter. Principal Securities Inc. raised its stake in Interface by 103.1% in 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. US Bancorp DE lifted 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 valued at $58,000 after purchasing an additional 1,488 shares in the last quarter. Finally, National Bank of Canada FI boosted its stake in shares of Interface by 33.7% during the 3rd quarter. National Bank of Canada FI now owns 3,399 shares of the textile maker's stock worth $64,000 after purchasing an additional 856 shares during the last quarter. 98.34% of the stock is owned by institutional investors and hedge funds.

Interface Trading Down 0.4 %

NASDAQ TILE traded down $0.07 during trading hours on Thursday, hitting $18.59. 380,821 shares of the company's stock were exchanged, compared to its average volume of 517,718. 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 firm has a market capitalization of $1.08 billion, a P/E ratio of 13.00, a price-to-earnings-growth ratio of 0.96 and a beta of 1.93. The business's 50 day moving average is $19.93 and its 200-day moving average is $22.13. Interface, Inc. has a 12-month low of $14.13 and a 12-month high of $27.34.

Interface (NASDAQ:TILE - Get Free Report) last released its earnings results on Tuesday, February 25th. The textile maker reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.05. Interface had a net margin of 6.49% and a return on equity of 19.91%. The business had revenue of $335.00 million for the quarter, compared to analysts' expectations of $340.51 million. During the same period last year, the company earned $0.41 earnings per share. The company's quarterly revenue was up 3.0% on a year-over-year basis. As a group, analysts anticipate that Interface, Inc. will post 1.37 EPS for the current fiscal year.

Interface Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were issued a dividend of $0.01 per share. The ex-dividend date was Friday, March 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.22%. Interface's payout ratio is 2.72%.

Insider Buying and Selling

In other Interface news, Director Daniel T. Hendrix sold 7,500 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $19.95, for a total transaction of $149,625.00. Following the completion of the sale, the director now directly owns 96,147 shares in the company, valued at $1,918,132.65. This represents a 7.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.60% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. StockNews.com lowered shares of Interface from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. Barrington Research reiterated an "outperform" rating and issued a $30.00 price target on shares of Interface in a report on Tuesday.

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.