Public Employees Retirement System of Ohio Lowers Holdings in Interface, Inc. (NASDAQ:TILE)

Public Employees Retirement System of Ohio trimmed its stake in shares of Interface, Inc. (NASDAQ:TILE) by 69.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,882 shares of the textile maker’s stock after selling 27,504 shares during the period. Public Employees Retirement System of Ohio’s holdings in Interface were worth $289,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of TILE. Venturi Wealth Management LLC boosted its stake in shares of Interface by 204.4% during the 4th quarter. Venturi Wealth Management LLC now owns 1,117 shares of the textile maker’s stock worth $27,000 after acquiring an additional 750 shares in the last quarter. Huntington National Bank acquired a new position in Interface in the 4th quarter worth about $28,000. Smartleaf Asset Management LLC lifted its position in shares of Interface by 78.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,242 shares of the textile maker’s stock valued at $30,000 after buying an additional 546 shares in the last quarter. Principal Securities Inc. grew its position in shares of Interface by 103.1% in the fourth quarter. Principal Securities Inc. now owns 1,460 shares of the textile maker’s stock valued at $36,000 after purchasing an additional 741 shares during the period. Finally, Virtus Fund Advisers LLC acquired a new stake in shares of Interface in the fourth quarter worth approximately $48,000. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

Interface Stock Performance

NASDAQ TILE opened at $20.08 on Friday. Interface, Inc. has a fifty-two week low of $14.13 and a fifty-two week high of $27.34. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.38 and a current ratio of 2.57. The stock’s fifty day moving average is $19.47 and its two-hundred day moving average is $21.89. The firm has a market capitalization of $1.18 billion, a P/E ratio of 14.04, a price-to-earnings-growth ratio of 0.96 and a beta of 1.95.

Interface (NASDAQ:TILE) last released its quarterly earnings data on Friday, May 2nd. The textile maker reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.04. Interface had a net margin of 6.49% and a return on equity of 19.91%. The firm had revenue of $297.41 million during the quarter, compared to analysts’ expectations of $297.11 million. During the same period last year, the business earned $0.24 earnings per share. Interface’s revenue was up 2.7% compared to the same quarter last year. On average, research analysts anticipate that Interface, Inc. will post 1.37 earnings per share for the current year.

Interface Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a $0.01 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.04 annualized dividend and a yield of 0.20%. Interface’s payout ratio is 2.76%.

Analyst Ratings Changes

A number of research firms recently weighed in on TILE. Wall Street Zen upgraded shares of Interface from a “hold” rating to a “buy” rating in a research report on Saturday, May 10th. Barrington Research restated an “outperform” rating and set a $30.00 target price on shares of Interface in a report on Friday, May 2nd.

Insiders Place Their Bets

In other news, VP James Poppens sold 19,474 shares of the stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $20.14, for a total transaction of $392,206.36. Following the completion of the transaction, the vice president now directly owns 130,142 shares in the company, valued at approximately $2,621,059.88. This represents a 13.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.30% of the stock is owned by insiders.

About Interface

Interface, Inc designs, produces, and sells modular carpet products primarily worldwide. The company operates in two segments, Americas (AMS), and Europe, Africa, Asia and Australia (EAAA). The company offers modular carpets under the Interface and FLOR brand names; luxury vinyl tiles; carpet tiles under the CQuestGB name for use in commercial interiors, include offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, as well as residential interiors; and modular resilient flooring products.