Capula Management Ltd Reduces Position in Interface, Inc. (NASDAQ:TILE)

Capula Management Ltd trimmed its holdings in Interface, Inc. (NASDAQ:TILE) by 73.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,798 shares of the textile maker’s stock after selling 36,230 shares during the quarter. Capula Management Ltd’s holdings in Interface were worth $312,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Venturi Wealth Management LLC grew its position in Interface by 204.4% in the 4th quarter. Venturi Wealth Management LLC now owns 1,117 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 750 shares during the last quarter. Huntington National Bank bought a new position in shares of Interface in the fourth quarter worth about $28,000. Smartleaf Asset Management LLC grew its holdings in shares of Interface by 78.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,242 shares of the textile maker’s stock worth $30,000 after purchasing an additional 546 shares during the last quarter. Principal Securities Inc. increased its stake in Interface by 103.1% in the 4th quarter. Principal Securities Inc. now owns 1,460 shares of the textile maker’s stock worth $36,000 after buying an additional 741 shares during the period. Finally, Quarry LP boosted its position in Interface by 499.5% in the 3rd quarter. Quarry LP now owns 2,476 shares of the textile maker’s stock valued at $47,000 after buying an additional 2,063 shares during the period. 98.34% of the stock is owned by institutional investors.

Insider Activity

In other Interface news, Director Daniel T. Hendrix sold 12,500 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $23.78, for a total transaction of $297,250.00. Following the completion of the sale, the director now directly owns 103,647 shares of the company’s stock, valued at approximately $2,464,725.66. This represents a 10.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.60% of the company’s stock.

Interface Stock Performance

TILE stock opened at $18.13 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.57 and a quick ratio of 1.38. Interface, Inc. has a 1-year low of $14.13 and a 1-year high of $27.34. The business has a 50-day moving average price of $20.89 and a 200 day moving average price of $22.19. The company has a market capitalization of $1.06 billion, a P/E ratio of 12.68, a PEG ratio of 0.96 and a beta of 1.93.

Interface (NASDAQ:TILE) last announced its quarterly earnings results on Tuesday, February 25th. The textile maker reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.05. Interface had a net margin of 6.49% and a return on equity of 19.91%. The firm had revenue of $335.00 million during the quarter, compared to analysts’ expectations of $340.51 million. During the same quarter in the prior year, the company earned $0.41 EPS. The company’s revenue was up 3.0% compared to the same quarter last year. As a group, equities research analysts forecast that Interface, Inc. will post 1.37 EPS for the current fiscal year.

Interface Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.04 annualized dividend and a yield of 0.22%. Interface’s dividend payout ratio (DPR) is presently 2.72%.

Analysts Set New Price Targets

TILE has been the topic of a number of research reports. StockNews.com lowered shares of Interface from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th. Barrington Research restated an “outperform” rating and set a $30.00 price objective on shares of Interface in a report on Tuesday, February 25th.

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.