Interface, Inc. $TILE Shares Acquired by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. grew its stake in Interface, Inc. (NASDAQ:TILE) by 10.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 309,913 shares of the textile maker’s stock after purchasing an additional 29,700 shares during the period. Hillsdale Investment Management Inc. owned approximately 0.53% of Interface worth $8,969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. CWM LLC lifted its position in Interface by 15.1% during the third quarter. CWM LLC now owns 2,857 shares of the textile maker’s stock worth $83,000 after buying an additional 375 shares in the last quarter. Atria Investments Inc grew its holdings in Interface by 4.8% in the 2nd quarter. Atria Investments Inc now owns 12,990 shares of the textile maker’s stock valued at $272,000 after buying an additional 590 shares in the last quarter. AlphaQuest LLC increased its stake in shares of Interface by 5.1% in the 3rd quarter. AlphaQuest LLC now owns 12,368 shares of the textile maker’s stock worth $358,000 after acquiring an additional 601 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Interface by 2.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 29,361 shares of the textile maker’s stock worth $615,000 after acquiring an additional 618 shares during the period. Finally, Summit Global Investments raised its holdings in shares of Interface by 1.4% during the 2nd quarter. Summit Global Investments now owns 47,750 shares of the textile maker’s stock worth $999,000 after acquiring an additional 662 shares during the period. Institutional investors and hedge funds own 98.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TILE. Weiss Ratings lowered shares of Interface from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, December 24th. Barrington Research boosted their target price on shares of Interface from $32.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. Zacks Research cut shares of Interface from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. Finally, Wall Street Zen upgraded shares of Interface from a “buy” rating to a “strong-buy” rating in a report on Saturday. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Interface presently has an average rating of “Hold” and an average target price of $36.00.

Interface Price Performance

Shares of TILE opened at $32.56 on Friday. The firm has a 50-day simple moving average of $30.76 and a two-hundred day simple moving average of $28.45. The stock has a market cap of $1.90 billion, a PE ratio of 16.96, a P/E/G ratio of 1.10 and a beta of 1.90. Interface, Inc. has a 1-year low of $17.24 and a 1-year high of $35.11. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.89 and a quick ratio of 1.70.

Interface Company Profile

Interface, Inc (NASDAQ: TILE) is a global manufacturer of modular flooring and resilient commercial flooring solutions. The company specializes in carpet tiles, luxury vinyl tile (LVT) and other environmentally responsible hard-surface products designed for use in corporate, education, healthcare, hospitality and retail environments. Interface’s portfolio also includes broadloom carpet, rubber flooring and acoustic underlays, all engineered to meet performance, design and sustainability requirements in modern interior spaces.

Founded in 1973 by Ray C.