Susquehanna Fundamental Investments LLC Increases Holdings in Interface, Inc. $TILE

Susquehanna Fundamental Investments LLC increased its position in Interface, Inc. (NASDAQ:TILE) by 133.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 82,022 shares of the textile maker’s stock after purchasing an additional 46,840 shares during the quarter. Susquehanna Fundamental Investments LLC owned approximately 0.14% of Interface worth $2,940,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. CIBC Private Wealth Group LLC raised its position in Interface by 180.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 981 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 631 shares in the last quarter. Larson Financial Group LLC grew its position in shares of Interface by 114.6% during the 3rd quarter. Larson Financial Group LLC now owns 1,176 shares of the textile maker’s stock worth $34,000 after buying an additional 628 shares in the last quarter. EverSource Wealth Advisors LLC bought a new position in shares of Interface during the 2nd quarter worth $35,000. Allworth Financial LP purchased a new position in shares of Interface during the second quarter valued at $36,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Interface during the second quarter valued at $39,000. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on TILE. Wall Street Zen lowered shares of Interface from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 15th. Barrington Research raised their target price on shares of Interface from $36.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. Zacks Research upgraded shares of Interface from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 26th. Weiss Ratings upgraded shares of Interface from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, August 12th. Finally, Benchmark began coverage on shares of Interface in a research report on Tuesday, May 19th. They issued a “buy” rating and a $36.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $40.50.

Insider Activity

In other news, CEO Laurel Hurd sold 7,000 shares of Interface stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $39.09, for a total value of $273,630.00. Following the transaction, the chief executive officer owned 506,978 shares of the company’s stock, valued at $19,817,770.02. The trade was a 1.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.47% of the stock is currently owned by insiders.

Interface Trading Down 1.7%

Shares of NASDAQ TILE opened at $37.92 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.53 and a quick ratio of 1.35. The stock has a market capitalization of $2.20 billion, a P/E ratio of 15.35, a price-to-earnings-growth ratio of 1.09 and a beta of 1.90. Interface, Inc. has a 1-year low of $24.40 and a 1-year high of $40.50. The business has a fifty day moving average price of $35.51 and a 200 day moving average price of $31.15.

Interface (NASDAQ:TILE) last posted its earnings results on Friday, August 7th. The textile maker reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.24. The company had revenue of $395.70 million for the quarter, compared to analyst estimates of $391.22 million. Interface had a return on equity of 21.77% and a net margin of 10.10%.The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 earnings per share. Equities research analysts expect that Interface, Inc. will post 2.36 EPS for the current fiscal year.

Interface Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be given a $0.03 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. Interface’s payout ratio is presently 4.86%.

About Interface

Interface, Inc (NASDAQ: TILE) is a global manufacturer of modular flooring and resilient commercial flooring solutions. The company specializes in carpet tiles, luxury vinyl tile (LVT) and other environmentally responsible hard-surface products designed for use in corporate, education, healthcare, hospitality and retail environments. Interface’s portfolio also includes broadloom carpet, rubber flooring and acoustic underlays, all engineered to meet performance, design and sustainability requirements in modern interior spaces.

Founded in 1973 by Ray C.