North Star Investment Management Corp. Decreases Position in Interface, Inc. $TILE

North Star Investment Management Corp. trimmed its holdings in Interface, Inc. (NASDAQ:TILE) by 27.0% in the first quarter, HoldingsChannel.com reports. The firm owned 103,075 shares of the textile maker’s stock after selling 38,200 shares during the quarter. North Star Investment Management Corp.’s holdings in Interface were worth $2,569,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System acquired a new stake in Interface during the first quarter worth approximately $645,000. Diversified Trust Co boosted its holdings in shares of Interface by 8.1% in the 1st quarter. Diversified Trust Co now owns 19,301 shares of the textile maker’s stock valued at $481,000 after buying an additional 1,438 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Interface by 133.9% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,008,260 shares of the textile maker’s stock valued at $56,071,000 after buying an additional 1,149,733 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Interface in the 4th quarter valued at $471,000. Finally, Zacks Investment Management grew its position in shares of Interface by 40.2% in the 4th quarter. Zacks Investment Management now owns 53,739 shares of the textile maker’s stock valued at $1,500,000 after buying an additional 15,401 shares during the last quarter. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

Interface Stock Performance

NASDAQ TILE opened at $35.74 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.16 and a current ratio of 2.43. The firm has a market cap of $2.08 billion, a PE ratio of 16.70, a P/E/G ratio of 1.13 and a beta of 1.92. Interface, Inc. has a one year low of $20.37 and a one year high of $36.05. The firm’s fifty day moving average is $29.64 and its two-hundred day moving average is $29.36.

Interface (NASDAQ:TILE) last announced its earnings results on Friday, May 8th. The textile maker reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.08. Interface had a net margin of 8.92% and a return on equity of 20.09%. The business had revenue of $331.04 million during the quarter, compared to the consensus estimate of $320.38 million. During the same quarter in the prior year, the firm earned $0.25 earnings per share. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. Analysts expect that Interface, Inc. will post 2.11 earnings per share for the current year.

Interface Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.12 annualized dividend and a yield of 0.3%. Interface’s dividend payout ratio is currently 5.61%.

Analyst Upgrades and Downgrades

TILE has been the topic of several research analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Interface in a research note on Wednesday, June 17th. Wall Street Zen upgraded shares of Interface from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 16th. Barrington Research reaffirmed an “outperform” rating and set a $36.00 price objective on shares of Interface in a report on Friday, April 17th. Finally, Benchmark began coverage on Interface in a research report on Tuesday, May 19th. They set a “buy” rating and a $36.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $36.00.

Insider Buying and Selling

In other news, VP David B. Foshee sold 44,393 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $29.00, for a total value of $1,287,397.00. Following the transaction, the vice president owned 175,014 shares of the company’s stock, valued at approximately $5,075,406. The trade was a 20.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Bruce Andrew Hausmann sold 50,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer owned 119,256 shares of the company’s stock, valued at $3,537,132.96. This trade represents a 29.54% decrease in their position. The SEC filing for this sale provides additional information. 2.47% of the stock is currently owned by company insiders.

Interface Profile

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.