69,097 Shares in Interface, Inc. $TILE Acquired by Green Alpha Advisors LLC

Green Alpha Advisors LLC bought a new position in Interface, Inc. (NASDAQ:TILE) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 69,097 shares of the textile maker’s stock, valued at approximately $2,476,000. Interface accounts for approximately 1.7% of Green Alpha Advisors LLC’s portfolio, making the stock its 17th largest position. Green Alpha Advisors LLC owned about 0.12% of Interface at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Westover Capital Advisors LLC acquired a new stake in Interface in the 4th quarter worth about $1,744,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Interface by 2,333.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 280,986 shares of the textile maker’s stock valued at $7,845,000 after acquiring an additional 269,439 shares during the last quarter. Edgestream Partners L.P. purchased a new position in shares of Interface during the 1st quarter worth about $3,257,000. Aurora Investment Counsel acquired a new stake in shares of Interface in the second quarter worth approximately $3,043,000. Finally, Virtus Advisers LLC acquired a new stake in shares of Interface in the second quarter worth approximately $1,489,000. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Interface

In related news, CFO Bruce Andrew Hausmann sold 50,000 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $29.66, for a total value of $1,483,000.00. Following the completion of the sale, the chief financial officer directly owned 119,256 shares in the company, valued at approximately $3,537,132.96. This represents a 29.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.47% of the company’s stock.

Interface Trading Down 0.4%

NASDAQ TILE opened at $38.94 on Friday. Interface, Inc. has a one year low of $24.40 and a one year high of $40.50. The company’s 50 day moving average price is $34.73 and its 200 day moving average price is $30.97. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.35 and a current ratio of 2.53. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 15.77, a PEG ratio of 1.10 and a beta of 1.90.

Interface (NASDAQ:TILE) last released its quarterly earnings data on Friday, August 7th. The textile maker reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.24. Interface had a net margin of 10.10% and a return on equity of 21.77%. The company had revenue of $395.70 million during the quarter, compared to the consensus estimate of $391.22 million. During the same period in the previous year, the firm earned $0.60 earnings per share. Interface’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, sell-side analysts predict that Interface, Inc. will post 2.36 EPS for the current year.

Interface Dividend Announcement

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

Analysts Set New Price Targets

TILE has been the subject of several research analyst reports. Barrington Research upped their price target on shares of Interface from $36.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Zacks Research lowered shares of Interface from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Benchmark started coverage on shares of Interface in a research note on Tuesday, May 19th. They set a “buy” rating and a $36.00 price objective for the company. Wall Street Zen downgraded Interface from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Weiss Ratings raised Interface from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 12th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Interface has an average rating of “Moderate Buy” and a consensus target price of $40.50.

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.