Interface, Inc. (NASDAQ:TILE) Stake Cut by Isthmus Partners LLC

Isthmus Partners LLC lessened its holdings in shares of Interface, Inc. (NASDAQ:TILE) by 12.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 187,743 shares of the textile maker’s stock after selling 26,266 shares during the quarter. Isthmus Partners LLC owned approximately 0.32% of Interface worth $4,572,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in TILE. State Street Corp increased its stake in Interface by 0.6% in the 3rd quarter. State Street Corp now owns 2,232,327 shares of the textile maker’s stock valued at $42,347,000 after buying an additional 13,686 shares during the period. Geode Capital Management LLC increased its stake in shares of Interface by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,371,976 shares of the textile maker’s stock worth $26,031,000 after acquiring an additional 11,931 shares during the last quarter. Hennessy Advisors Inc. raised its holdings in shares of Interface by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 608,900 shares of the textile maker’s stock worth $14,827,000 after acquiring an additional 38,900 shares in the last quarter. Segall Bryant & Hamill LLC raised its holdings in shares of Interface by 0.8% during the third quarter. Segall Bryant & Hamill LLC now owns 325,250 shares of the textile maker’s stock worth $6,170,000 after acquiring an additional 2,423 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Interface by 3.8% during the fourth quarter. Principal Financial Group Inc. now owns 315,596 shares of the textile maker’s stock valued at $7,685,000 after purchasing an additional 11,546 shares during the last quarter. 98.34% of the stock is owned by hedge funds and other institutional investors.

Interface Trading Down 0.4 %

Shares of NASDAQ:TILE opened at $18.26 on Monday. The company has a current ratio of 2.57, a quick ratio of 1.38 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $1.06 billion, a PE ratio of 12.77, a P/E/G ratio of 0.96 and a beta of 2.18. Interface, Inc. has a 1 year low of $14.13 and a 1 year high of $27.34. The firm has a fifty day moving average price of $22.78 and a 200 day moving average price of $22.04.

Interface (NASDAQ:TILE) last released its quarterly 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 return on equity of 19.91% and a net margin of 6.49%. The company had revenue of $335.00 million during the quarter, compared to the consensus estimate of $340.51 million. During the same quarter in the prior year, the company posted $0.41 EPS. The firm’s revenue was up 3.0% on a year-over-year basis. Analysts expect that Interface, Inc. will post 1.37 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. StockNews.com lowered Interface from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th. Barrington Research reaffirmed an “outperform” rating and set a $30.00 price objective on shares of Interface in a research report on Tuesday, February 25th.

Insider Transactions at Interface

In related news, Director Daniel T. Hendrix sold 7,500 shares of Interface stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $19.95, for a total value of $149,625.00. Following 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders sold 32,500 shares of company stock worth $748,125. 2.60% of the stock is owned by insiders.

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.