Wolverine Trading LLC acquired a new stake in Interface, Inc. (NASDAQ:TILE) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 8,682 shares of the textile maker’s stock, valued at approximately $218,000.
Several other institutional investors have also bought and sold shares of TILE. Chartwell Investment Partners LLC purchased a new stake in shares of Interface in the third quarter valued at approximately $13,643,000. Point72 Asset Management L.P. purchased a new stake in shares of Interface in the third quarter valued at approximately $6,684,000. Deprince Race & Zollo Inc. increased its position in shares of Interface by 26.9% in the third quarter. Deprince Race & Zollo Inc. now owns 1,400,976 shares of the textile maker’s stock valued at $30,681,000 after buying an additional 297,389 shares in the last quarter. Deutsche Bank AG increased its position in shares of Interface by 79.7% in the fourth quarter. Deutsche Bank AG now owns 551,855 shares of the textile maker’s stock valued at $13,877,000 after buying an additional 244,707 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Interface in the fourth quarter valued at approximately $5,141,000. Institutional investors and hedge funds own 94.58% of the company’s stock.
Shares of Interface, Inc. (NASDAQ:TILE) opened at $24.75 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.43 and a current ratio of 2.44. Interface, Inc. has a 12-month low of $17.83 and a 12-month high of $26.25. The company has a market capitalization of $1,501.23, a P/E ratio of 21.44 and a beta of 1.26.
Interface (NASDAQ:TILE) last issued its quarterly earnings results on Wednesday, February 21st. The textile maker reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.02. Interface had a return on equity of 22.08% and a net margin of 5.34%. The firm had revenue of $266.21 million during the quarter, compared to analysts’ expectations of $256.68 million. During the same period in the previous year, the business earned $0.28 earnings per share. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. analysts predict that Interface, Inc. will post 1.42 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be given a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Thursday, March 8th. Interface’s payout ratio is 30.59%.
A number of analysts have recently commented on TILE shares. BidaskClub cut Interface from a “buy” rating to a “hold” rating in a research report on Thursday, December 14th. ValuEngine upgraded Interface from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Zacks Investment Research upgraded Interface from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Tuesday, February 27th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Interface has an average rating of “Buy” and a consensus price target of $26.33.
WARNING: This article was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this article on another website, it was illegally copied and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this article can be accessed at https://www.dispatchtribunal.com/2018/03/15/8682-shares-in-interface-inc-tile-purchased-by-wolverine-trading-llc.html.
Interface Inc is engaged in design, production and sale of modular carpet, also known as carpet tile. As of January 1, 2017, the Company marketed its modular carpets in over 110 countries under the brand names Interface and FLOR. The Company operates through three segments: Americas, Europe and Asia-Pacific.
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).
Receive News & Ratings for Interface Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interface and related companies with MarketBeat.com's FREE daily email newsletter.