First Quadrant L P CA Has $749,000 Stake in Interface, Inc. (TILE)

First Quadrant L P CA lowered its position in Interface, Inc. (NASDAQ:TILE) by 52.6% during the third quarter, Holdings Channel reports. The institutional investor owned 32,074 shares of the textile maker’s stock after selling 35,576 shares during the quarter. First Quadrant L P CA’s holdings in Interface were worth $749,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of TILE. Deprince Race & Zollo Inc. grew its position in shares of Interface by 111.2% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 1,760,921 shares of the textile maker’s stock worth $41,118,000 after buying an additional 927,131 shares during the last quarter. BlackRock Inc. grew its position in shares of Interface by 7.2% in the 2nd quarter. BlackRock Inc. now owns 9,237,013 shares of the textile maker’s stock worth $211,990,000 after buying an additional 619,945 shares during the last quarter. Citadel Advisors LLC grew its position in shares of Interface by 323.5% in the 2nd quarter. Citadel Advisors LLC now owns 289,512 shares of the textile maker’s stock worth $6,645,000 after buying an additional 221,144 shares during the last quarter. Federated Investors Inc. PA grew its position in shares of Interface by 667.2% in the 2nd quarter. Federated Investors Inc. PA now owns 208,585 shares of the textile maker’s stock worth $4,787,000 after buying an additional 181,397 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Interface by 76.1% in the 2nd quarter. Renaissance Technologies LLC now owns 326,300 shares of the textile maker’s stock worth $7,489,000 after buying an additional 140,960 shares during the last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently issued reports on TILE shares. BidaskClub downgraded shares of Interface from a “buy” rating to a “hold” rating in a research report on Saturday, July 21st. Zacks Investment Research raised shares of Interface from a “hold” rating to a “strong-buy” rating and set a $26.00 price objective on the stock in a research report on Friday, August 10th. Macquarie set a $20.00 price objective on shares of Interface and gave the stock a “hold” rating in a research report on Friday. ValuEngine downgraded shares of Interface from a “hold” rating to a “sell” rating in a research report on Friday, October 12th. Finally, Longbow Research raised shares of Interface from a “neutral” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Tuesday, August 14th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $25.33.



NASDAQ:TILE opened at $16.51 on Monday. The company has a market cap of $982.25 million, a price-to-earnings ratio of 13.99 and a beta of 1.12. Interface, Inc. has a twelve month low of $16.45 and a twelve month high of $26.25. The company has a current ratio of 2.57, a quick ratio of 1.46 and a debt-to-equity ratio of 1.76.

Interface (NASDAQ:TILE) last released its earnings results on Wednesday, October 24th. The textile maker reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.01. The company had revenue of $318.33 million for the quarter, compared to the consensus estimate of $316.38 million. Interface had a net margin of 4.35% and a return on equity of 24.69%. During the same quarter in the previous year, the firm earned $0.32 EPS. On average, equities research analysts expect that Interface, Inc. will post 1.47 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 23rd. Shareholders of record on Friday, November 9th will be given a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Thursday, November 8th. Interface’s dividend payout ratio is presently 22.03%.

Interface Profile

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 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; and luxury vinyl tile products.

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Institutional Ownership by Quarter for Interface (NASDAQ:TILE)

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