Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 74,141 Interface, Inc. (NASDAQ:TILE)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Interface, Inc. (NASDAQ:TILE) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 74,141 shares of the textile maker’s stock, valued at approximately $1,471,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.13% of Interface at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its position in Interface by 56.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 14,649 shares of the textile maker’s stock valued at $291,000 after purchasing an additional 5,299 shares in the last quarter. North Star Investment Management Corp. increased its position in shares of Interface by 9.9% during the 1st quarter. North Star Investment Management Corp. now owns 166,075 shares of the textile maker’s stock valued at $3,295,000 after purchasing an additional 15,000 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of Interface during the 1st quarter valued at about $304,000. Raymond James Financial Inc. bought a new stake in Interface in the 4th quarter worth approximately $2,498,000. Finally, Virtus Fund Advisers LLC purchased a new stake in Interface in the fourth quarter worth approximately $48,000. Hedge funds and other institutional investors own 98.34% of the company’s stock.

Wall Street Analyst Weigh In

TILE has been the topic of a number of recent research reports. Wall Street Zen raised shares of Interface from a “hold” rating to a “buy” rating in a research note on Saturday, May 10th. Barrington Research reaffirmed an “outperform” rating and set a $30.00 target price on shares of Interface in a report on Tuesday, July 22nd.

Interface Stock Down 0.1%

TILE opened at $20.62 on Friday. Interface, Inc. has a 12 month low of $14.75 and a 12 month high of $27.34. The company has a current ratio of 2.76, a quick ratio of 1.42 and a debt-to-equity ratio of 0.59. The business’s 50-day moving average price is $20.78 and its 200-day moving average price is $20.71. The company has a market cap of $1.21 billion, a P/E ratio of 14.22, a P/E/G ratio of 0.87 and a beta of 1.97.

Interface (NASDAQ:TILE) last announced its quarterly earnings results on Friday, May 2nd. The textile maker reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.04. Interface had a return on equity of 17.73% and a net margin of 6.48%. The business had revenue of $297.41 million for the quarter, compared to analysts’ expectations of $297.11 million. During the same period in the previous year, the firm earned $0.24 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities analysts expect that Interface, Inc. will post 1.37 EPS for the current year.

Interface Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Friday, May 30th. Interface’s dividend payout ratio is currently 2.76%.

Insider Buying and Selling

In other Interface news, VP James Poppens sold 19,474 shares of the stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $20.14, for a total transaction of $392,206.36. Following the completion of the sale, the vice president owned 130,142 shares of the company’s stock, valued at $2,621,059.88. This represents a 13.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.30% of the stock is owned by corporate 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.