Isthmus Partners LLC Sells 2,603 Shares of Interface, Inc. (NASDAQ:TILE)

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

Other large investors have also modified their holdings of the company. Public Employees Retirement System of Ohio boosted its holdings in Interface by 1.0% during the first quarter. Public Employees Retirement System of Ohio now owns 73,182 shares of the textile maker’s stock valued at $913,000 after acquiring an additional 718 shares during the period. State of Alaska Department of Revenue boosted its holdings in Interface by 2.9% during the second quarter. State of Alaska Department of Revenue now owns 40,831 shares of the textile maker’s stock valued at $624,000 after acquiring an additional 1,136 shares during the period. Advisor Group Holdings Inc. boosted its holdings in Interface by 35.8% during the second quarter. Advisor Group Holdings Inc. now owns 4,940 shares of the textile maker’s stock valued at $76,000 after acquiring an additional 1,301 shares during the period. Swiss National Bank boosted its holdings in Interface by 1.2% during the first quarter. Swiss National Bank now owns 134,100 shares of the textile maker’s stock valued at $1,674,000 after acquiring an additional 1,600 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in Interface by 7.1% during the second quarter. Envestnet Asset Management Inc. now owns 31,683 shares of the textile maker’s stock valued at $485,000 after acquiring an additional 2,103 shares during the period. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of Interface from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Wednesday, August 11th.

TILE stock traded down $0.06 during mid-day trading on Wednesday, reaching $14.10. 4,080 shares of the stock traded hands, compared to its average volume of 348,235. The business has a 50-day moving average of $14.28 and a two-hundred day moving average of $14.15. The firm has a market capitalization of $832.68 million, a PE ratio of 17.48 and a beta of 2.05. The company has a quick ratio of 1.26, a current ratio of 2.38 and a debt-to-equity ratio of 1.61. Interface, Inc. has a 52 week low of $5.88 and a 52 week high of $17.11.

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

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

Interface Profile

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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