Posted by admin on Aug 12th, 2022

Victory Capital Management Inc. boosted its position in Interface, Inc. (NASDAQ:TILE – Get Rating) by 16.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 169,281 shares of the textile maker’s stock after buying an additional 24,157 shares during the period. Victory Capital Management Inc. owned approximately 0.29% of Interface worth $2,250,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. State of New Jersey Common Pension Fund D purchased a new position in Interface in the 1st quarter valued at $2,327,000. Jackson Creek Investment Advisors LLC grew its position in Interface by 5.6% in the 1st quarter. Jackson Creek Investment Advisors LLC now owns 73,175 shares of the textile maker’s stock valued at $993,000 after buying an additional 3,854 shares during the last quarter. Inspire Investing LLC purchased a new position in Interface in the 1st quarter valued at $285,000. Green Alpha Advisors LLC grew its position in Interface by 1.1% in the 1st quarter. Green Alpha Advisors LLC now owns 93,208 shares of the textile maker’s stock valued at $1,265,000 after buying an additional 986 shares during the last quarter. Finally, Everence Capital Management Inc. grew its position in Interface by 54.3% in the 1st quarter. Everence Capital Management Inc. now owns 74,880 shares of the textile maker’s stock valued at $1,016,000 after buying an additional 26,340 shares during the last quarter. 96.30% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ TILE opened at $12.84 on Friday. The firm has a market capitalization of $763.56 million, a P/E ratio of 12.11 and a beta of 1.76. Interface, Inc. has a one year low of $11.87 and a one year high of $18.03. The company’s fifty day moving average is $13.35 and its two-hundred day moving average is $13.36. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.24 and a current ratio of 2.51.

Interface (NASDAQ:TILE – Get Rating) last released its quarterly earnings data on Friday, August 5th. The textile maker reported $0.36 EPS for the quarter, topping the consensus estimate of $0.32 by $0.04. Interface had a net margin of 4.89% and a return on equity of 23.39%. The business had revenue of $346.60 million for the quarter, compared to analyst estimates of $357.70 million. During the same period in the previous year, the firm earned $0.30 EPS. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. Analysts forecast that Interface, Inc. will post 1.21 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 17th. Investors of record on Friday, June 3rd were given a $0.01 dividend. The ex-dividend date was Thursday, June 2nd. This represents a $0.04 annualized dividend and a dividend yield of 0.31%. Interface’s dividend payout ratio is presently 3.77%.

Separately, TheStreet upgraded shares of Interface from a “c+” rating to a “b-” rating in a research report on Friday, August 5th.

Interface, Inc, a modular flooring company, designs, produces, and sells modular carpet products primarily in the Americas, Europe, and the Asia-Pacific. The company offers modular carpets under the Interface and FLOR brand names; carpet tiles under the GlasBacRE name for use in commercial interiors, including offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, as well as residential interiors; modular resilient flooring products; rubber flooring under the norament and noraplan brand names; and luxury vinyl tile products.

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 – Get Rating).

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.

Victory Capital Management Inc. Grows Stock Position in Syneos Health, Inc. (NASDAQ:SYNH)

Victory Capital Management Inc. Has $2.28 Million Position in NuVasive, Inc. (NASDAQ:NUVA)