Isthmus Partners LLC Cuts Stake in Interface, Inc. (NASDAQ:TILE)

Isthmus Partners LLC cut its stake in Interface, Inc. (NASDAQ:TILE) by 1.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,033 shares of the textile maker’s stock after selling 2,603 shares during the quarter. Isthmus Partners LLC owned about 0.25% of Interface worth $2,234,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in TILE. First Trust Advisors LP raised its position in Interface by 29.3% in the first quarter. First Trust Advisors LP now owns 54,206 shares of the textile maker’s stock valued at $830,000 after purchasing an additional 12,292 shares during the period. State of New Jersey Common Pension Fund D purchased a new position in Interface in the first quarter valued at about $926,000. Envestnet Asset Management Inc. raised its position in Interface by 74.8% in the first quarter. Envestnet Asset Management Inc. now owns 29,580 shares of the textile maker’s stock valued at $369,000 after purchasing an additional 12,654 shares during the period. Rhumbline Advisers increased its position in shares of Interface by 1.3% during the first quarter. Rhumbline Advisers now owns 219,921 shares of the textile maker’s stock worth $2,745,000 after acquiring an additional 2,765 shares during the last quarter. Finally, Aptus Capital Advisors LLC increased its position in shares of Interface by 23.9% during the first quarter. Aptus Capital Advisors LLC now owns 31,582 shares of the textile maker’s stock worth $394,000 after acquiring an additional 6,096 shares during the last quarter. 89.08% of the stock is currently owned by institutional investors.

Interface stock traded down $0.06 during midday trading on Wednesday, hitting $14.10. The stock had a trading volume of 4,080 shares, compared to its average volume of 348,235. The company has a current ratio of 2.38, a quick ratio of 1.26 and a debt-to-equity ratio of 1.61. The stock has a market cap of $832.68 million, a P/E ratio of 17.48 and a beta of 2.05. Interface, Inc. has a 12 month low of $5.88 and a 12 month high of $17.11. The business has a fifty day moving average price of $14.28 and a 200 day moving average price of $14.15.

Interface (NASDAQ:TILE) last announced its quarterly earnings data on Friday, August 6th. The textile maker reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.03. The firm had revenue of $294.80 million during the quarter, compared to analyst estimates of $292.13 million. Interface had a return on equity of 19.01% and a net margin of 4.35%. Interface’s quarterly revenue was up 13.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.27 earnings per share. On average, equities analysts anticipate that Interface, Inc. will post 1.03 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 17th. Shareholders of record on Friday, September 3rd will be paid a $0.01 dividend. The ex-dividend date is Thursday, September 2nd. This represents a $0.04 dividend on an annualized basis and a yield of 0.28%. Interface’s payout ratio is currently 3.48%.

Separately, Zacks Investment Research raised Interface from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Wednesday, August 11th.

About Interface

Interface, Inc is a flooring company, which offers carpet tile & resilient flooring, including luxury vinyl tile and rubber flooring products. The firm designs, manufactures and sells modular carpet, manufactured for the commercial and institutional markets under the interface brand, and for consumer markets as FLOR modular carpets.

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Institutional Ownership by Quarter for Interface (NASDAQ:TILE)

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