OxFORD Asset Management LLP Has $829,000 Stake in Interface, Inc. (TILE)

OxFORD Asset Management LLP grew its stake in shares of Interface, Inc. (NASDAQ:TILE) by 22.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,610 shares of the textile maker’s stock after purchasing an additional 7,010 shares during the period. OxFORD Asset Management LLP owned about 0.06% of Interface worth $829,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. KBC Group NV purchased a new stake in Interface in the 2nd quarter worth about $133,000. Victory Capital Management Inc. lifted its stake in Interface by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 7,846 shares of the textile maker’s stock worth $154,000 after acquiring an additional 1,175 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Interface in the 3rd quarter worth about $247,000. Verition Fund Management LLC purchased a new stake in Interface in the 2nd quarter worth about $224,000. Finally, BlueCrest Capital Management Ltd purchased a new stake in Interface in the 2nd quarter worth about $249,000. 92.28% of the stock is owned by institutional investors and hedge funds.

Shares of Interface, Inc. (NASDAQ TILE) opened at $24.05 on Friday. Interface, Inc. has a one year low of $17.17 and a one year high of $25.70. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.40 and a current ratio of 2.51. The firm has a market capitalization of $1,467.11, a PE ratio of 28.29 and a beta of 1.35.

Interface (NASDAQ:TILE) last posted its quarterly earnings results on Wednesday, October 25th. The textile maker reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.02. Interface had a return on equity of 21.39% and a net margin of 5.53%. The company had revenue of $257.43 million during the quarter, compared to the consensus estimate of $255.63 million. During the same period last year, the business earned $0.25 EPS. The business’s quarterly revenue was up 3.7% on a year-over-year basis. equities research analysts anticipate that Interface, Inc. will post 1.15 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Friday, November 10th were paid a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend was Thursday, November 9th. Interface’s dividend payout ratio (DPR) is presently 30.59%.

Several equities research analysts recently issued reports on TILE shares. BidaskClub downgraded Interface from a “buy” rating to a “hold” rating in a research note on Thursday, December 14th. Zacks Investment Research raised Interface from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Saturday, October 28th. Stifel Nicolaus reissued a “hold” rating and issued a $23.00 price objective on shares of Interface in a research note on Thursday, October 26th. Finally, Nomura raised their price target on Interface from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Interface presently has an average rating of “Hold” and a consensus price target of $25.67.

In other news, Director Daniel T. Hendrix sold 9,700 shares of the stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $22.05, for a total transaction of $213,885.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Christopher G. Kennedy sold 29,500 shares of the stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $21.92, for a total value of $646,640.00. The disclosure for this sale can be found here. Insiders have sold a total of 73,000 shares of company stock valued at $1,628,570 over the last ninety days. Company insiders own 1.90% of the company’s stock.

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Interface Profile

Interface Inc is engaged in design, production and sale of modular carpet, also known as carpet tile. As of January 1, 2017, the Company marketed its modular carpets in over 110 countries under the brand names Interface and FLOR. The Company operates through three segments: Americas, Europe and Asia-Pacific.

Institutional Ownership by Quarter for Interface (NASDAQ:TILE)

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