23,300 Shares in Interface Inc. (TILE) Acquired by Capital Fund Management S.A.
Capital Fund Management S.A. purchased a new stake in shares of Interface Inc. (NASDAQ:TILE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,300 shares of the company’s stock, valued at approximately $355,000.
A number of other hedge funds also recently added to or reduced their stakes in TILE. Aperio Group LLC boosted its stake in Interface by 29.3% in the first quarter. Aperio Group LLC now owns 31,763 shares of the company’s stock valued at $589,000 after buying an additional 7,193 shares during the period. Pacad Investment Ltd. boosted its stake in Interface by 8.5% in the first quarter. Pacad Investment Ltd. now owns 12,806 shares of the company’s stock valued at $237,000 after buying an additional 1,006 shares during the period. TIAA CREF Investment Management LLC boosted its stake in Interface by 0.4% in the first quarter. TIAA CREF Investment Management LLC now owns 354,202 shares of the company’s stock valued at $6,567,000 after buying an additional 1,274 shares during the period. JPMorgan Chase & Co. boosted its stake in Interface by 188.2% in the first quarter. JPMorgan Chase & Co. now owns 324,203 shares of the company’s stock valued at $6,011,000 after buying an additional 211,699 shares during the period. Finally, Royce & Associates LP boosted its stake in Interface by 8.0% in the first quarter. Royce & Associates LP now owns 998,804 shares of the company’s stock valued at $18,518,000 after buying an additional 74,200 shares during the period. Institutional investors and hedge funds own 94.00% of the company’s stock.
Shares of Interface Inc. (NASDAQ:TILE) traded down 0.30% during mid-day trading on Friday, hitting $16.50. 480,695 shares of the stock were exchanged. The stock’s 50 day moving average is $16.93 and its 200 day moving average is $16.90. Interface Inc. has a 12 month low of $13.70 and a 12 month high of $24.44. The firm has a market cap of $1.07 billion, a P/E ratio of 15.07 and a beta of 1.21.
Interface (NASDAQ:TILE) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.03. Interface had a return on equity of 20.70% and a net margin of 7.40%. The company had revenue of $248.20 million for the quarter, compared to analyst estimates of $256.99 million. During the same quarter in the prior year, the firm posted $0.33 EPS. Interface’s quarterly revenue was down 5.8% compared to the same quarter last year. Analysts expect that Interface Inc. will post $1.15 EPS for the current fiscal year.
TILE has been the topic of several recent analyst reports. Zacks Investment Research cut shares of Interface from a “hold” rating to a “sell” rating in a report on Thursday, June 16th. TheStreet upgraded shares of Interface from a “hold” rating to a “buy” rating in a report on Monday, June 20th. Finally, Raymond James Financial Inc. cut shares of Interface from a “market perform” rating to an “underperform” rating in a report on Friday, June 24th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $20.25.
In related news, VP Stansfield Nigel sold 7,742 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $17.72, for a total transaction of $137,188.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Daniel T. Hendrix sold 3,000 shares of the stock in a transaction on Monday, August 1st. The shares were sold at an average price of $17.83, for a total value of $53,490.00. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.
Interface Inc is engaged in design, production and sales of modular carpet, also known as carpet tile across the world. The Company markets its modular carpets in over 110 countries under the brand names Interface and FLOR. The Company distributes its product through approximately two primary channels, including direct sales to end users and indirect sales through independent contractors or distributors.
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