WINTON GROUP Ltd Has $7.49 Million Position in Interface, Inc. (TILE)
WINTON GROUP Ltd lifted its position in shares of Interface, Inc. (NASDAQ:TILE) by 173.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 297,626 shares of the textile maker’s stock after acquiring an additional 188,620 shares during the period. WINTON GROUP Ltd’s holdings in Interface were worth $7,485,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently made changes to their positions in TILE. Zions Bancorporation bought a new stake in shares of Interface during the third quarter valued at approximately $118,000. Amalgamated Bank bought a new stake in shares of Interface during the fourth quarter valued at approximately $219,000. Victory Capital Management Inc. increased its position in shares of Interface by 42.2% during the third quarter. Victory Capital Management Inc. now owns 11,158 shares of the textile maker’s stock valued at $244,000 after acquiring an additional 3,312 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Interface during the third quarter valued at approximately $247,000. Finally, Fox Run Management L.L.C. bought a new stake in shares of Interface during the fourth quarter valued at approximately $249,000. 91.76% of the stock is owned by institutional investors.
Shares of Interface, Inc. (NASDAQ TILE) opened at $24.45 on Friday. The company has a current ratio of 2.44, a quick ratio of 1.43 and a debt-to-equity ratio of 0.65. Interface, Inc. has a 1 year low of $17.83 and a 1 year high of $26.25. The firm has a market cap of $1,473.14, a P/E ratio of 20.72 and a beta of 1.26.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be given a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Thursday, March 8th. Interface’s dividend payout ratio (DPR) is presently 30.59%.
Several brokerages recently weighed in on TILE. Zacks Investment Research raised shares of 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. BidaskClub downgraded shares of Interface from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, ValuEngine raised shares of Interface from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $26.33.
Interface Company Profile
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.
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