Great West Life Assurance Co. Can Has $1,738,000 Position in Interface, Inc. (TILE)
Great West Life Assurance Co. Can maintained its stake in Interface, Inc. (NASDAQ:TILE) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 88,707 shares of the textile maker’s stock at the end of the second quarter. Great West Life Assurance Co. Can owned approximately 0.14% of Interface worth $1,738,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Ameritas Investment Partners Inc. purchased a new stake in Interface during the first quarter worth approximately $106,000. Victory Capital Management Inc. increased its stake in Interface by 38.3% in the first quarter. Victory Capital Management Inc. now owns 6,671 shares of the textile maker’s stock worth $127,000 after buying an additional 1,849 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Interface by 1.1% in the first quarter. State of Alaska Department of Revenue now owns 7,090 shares of the textile maker’s stock worth $135,000 after buying an additional 80 shares in the last quarter. First Mercantile Trust Co. increased its stake in Interface by 6.9% in the first quarter. First Mercantile Trust Co. now owns 8,157 shares of the textile maker’s stock worth $155,000 after buying an additional 526 shares in the last quarter. Finally, Trust Co. of Vermont increased its stake in Interface by 52.6% in the first quarter. Trust Co. of Vermont now owns 8,430 shares of the textile maker’s stock worth $161,000 after buying an additional 2,905 shares in the last quarter. 93.36% of the stock is currently owned by institutional investors.
Interface, Inc. (TILE) opened at 19.00 on Tuesday. The company has a 50 day moving average price of $18.96 and a 200-day moving average price of $19.18. Interface, Inc. has a one year low of $14.59 and a one year high of $21.05. The firm has a market capitalization of $1.17 billion, a PE ratio of 24.45 and a beta of 1.20.
Interface (NASDAQ:TILE) last posted its earnings results on Wednesday, July 26th. The textile maker reported $0.33 EPS for the quarter, topping the consensus estimate of $0.31 by $0.02. The company had revenue of $251.70 million during the quarter, compared to the consensus estimate of $254.94 million. Interface had a net margin of 5.21% and a return on equity of 19.66%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.32 earnings per share. On average, equities analysts predict that Interface, Inc. will post $1.14 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Friday, August 11th were given a dividend of $0.065 per share. The ex-dividend date was Wednesday, August 9th. This is an increase from Interface’s previous quarterly dividend of $0.06. This represents a $0.26 annualized dividend and a dividend yield of 1.37%. Interface’s payout ratio is presently 33.33%.
A number of research firms have recently commented on TILE. BidaskClub downgraded Interface from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Stifel Nicolaus reissued a “hold” rating and issued a $19.00 price objective on shares of Interface in a research note on Friday, July 28th. Finally, ValuEngine downgraded Interface from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $19.00.
In other Interface news, Director Daniel T. Hendrix sold 6,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $19.11, for a total value of $114,660.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Robert Coombs sold 12,000 shares of the company’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $20.40, for a total transaction of $244,800.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,000 shares of company stock valued at $696,250. 1.90% of the stock is currently owned by insiders.
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.
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