Los Angeles Capital Management LLC Invests $317,000 in Interface, Inc. (NASDAQ:TILE)

Los Angeles Capital Management LLC acquired a new position in shares of Interface, Inc. (NASDAQ:TILEGet Rating) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 25,311 shares of the textile maker’s stock, valued at approximately $317,000.

Several other large investors have also modified their holdings of TILE. Ceredex Value Advisors LLC lifted its holdings in shares of Interface by 610.3% during the 2nd quarter. Ceredex Value Advisors LLC now owns 923,999 shares of the textile maker’s stock worth $11,587,000 after acquiring an additional 793,920 shares during the period. Invesco Ltd. lifted its holdings in shares of Interface by 18.4% during the 1st quarter. Invesco Ltd. now owns 1,378,806 shares of the textile maker’s stock worth $18,711,000 after acquiring an additional 214,547 shares during the period. State of New Jersey Common Pension Fund D purchased a new position in shares of Interface during the 1st quarter worth about $2,327,000. Acuitas Investments LLC purchased a new position in shares of Interface during the 2nd quarter worth about $1,803,000. Finally, Green Alpha Advisors LLC raised its holdings in Interface by 113.4% in the second quarter. Green Alpha Advisors LLC now owns 198,864 shares of the textile maker’s stock valued at $2,494,000 after buying an additional 105,656 shares during the period. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

Interface Stock Up 0.1 %

Shares of NASDAQ:TILE opened at $11.06 on Friday. The company has a quick ratio of 1.19, a current ratio of 2.54 and a debt-to-equity ratio of 1.58. Interface, Inc. has a 52-week low of $8.90 and a 52-week high of $17.19. The company has a 50 day moving average of $10.26 and a two-hundred day moving average of $12.19. The company has a market capitalization of $657.74 million, a price-to-earnings ratio of 9.96 and a beta of 1.87.

Interface Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, September 2nd were given a $0.10 dividend. This is an increase from Interface’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Thursday, September 1st. This represents a $0.40 annualized dividend and a yield of 3.62%. Interface’s dividend payout ratio (DPR) is 3.60%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on TILE shares. Truist Financial cut their price target on shares of Interface from $19.00 to $13.00 in a report on Tuesday, November 8th. StockNews.com lowered shares of Interface from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 8th. Finally, TheStreet lowered shares of Interface from a “b-” rating to a “c+” rating in a report on Wednesday, September 21st.

About Interface

(Get Rating)

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.

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Institutional Ownership by Quarter for Interface (NASDAQ:TILE)

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