6,590 Shares in Interface, Inc. (NASDAQ:TILE) Acquired by Bradley & Co. Private Wealth Management LLC

Bradley & Co. Private Wealth Management LLC purchased a new stake in Interface, Inc. (NASDAQ:TILE) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,590 shares of the textile maker’s stock, valued at approximately $160,000.

A number of other hedge funds have also recently made changes to their positions in the company. Venturi Wealth Management LLC grew its holdings in shares of Interface by 204.4% during the fourth quarter. Venturi Wealth Management LLC now owns 1,117 shares of the textile maker’s stock worth $27,000 after purchasing an additional 750 shares in the last quarter. Principal Financial Group Inc. lifted its position in Interface by 3.8% during the fourth quarter. Principal Financial Group Inc. now owns 315,596 shares of the textile maker’s stock valued at $7,685,000 after purchasing an additional 11,546 shares during the last quarter. Principal Securities Inc. grew its stake in Interface by 103.1% in the 4th quarter. Principal Securities Inc. now owns 1,460 shares of the textile maker’s stock worth $36,000 after buying an additional 741 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Interface during the 4th quarter valued at $228,000. Finally, MeadowBrook Investment Advisors LLC bought a new stake in shares of Interface during the 4th quarter worth $257,000. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Daniel T. Hendrix sold 12,500 shares of Interface stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $23.78, for a total value of $297,250.00. Following the sale, the director now directly owns 103,647 shares in the company, valued at approximately $2,464,725.66. This trade represents a 10.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David B. Foshee sold 15,175 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $26.27, for a total value of $398,647.25. Following the completion of the sale, the vice president now directly owns 202,398 shares of the company’s stock, valued at $5,316,995.46. The trade was a 6.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 58,175 shares of company stock valued at $1,471,087 over the last ninety days. 2.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on TILE shares. StockNews.com upgraded Interface from a “buy” rating to a “strong-buy” rating in a research report on Monday. Barrington Research restated an “outperform” rating and issued a $30.00 target price on shares of Interface in a research report on Tuesday.

Interface Trading Down 11.5 %

Shares of TILE stock opened at $18.87 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.57 and a quick ratio of 1.38. The business has a 50-day moving average of $23.71 and a 200 day moving average of $21.93. The stock has a market capitalization of $1.10 billion, a PE ratio of 13.20, a P/E/G ratio of 0.96 and a beta of 2.10. Interface, Inc. has a 1-year low of $13.15 and a 1-year high of $27.34.

Interface (NASDAQ:TILE) last issued its earnings results on Tuesday, February 25th. The textile maker reported $0.34 EPS for the quarter, topping the consensus estimate of $0.29 by $0.05. The company had revenue of $335.00 million for the quarter, compared to the consensus estimate of $340.51 million. Interface had a net margin of 6.49% and a return on equity of 19.91%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 earnings per share. As a group, sell-side analysts anticipate that Interface, Inc. will post 1.37 earnings per share for the current year.

Interface Company Profile

Interface, Inc designs, produces, and sells modular carpet products primarily worldwide. The company operates in two segments, Americas (AMS), and Europe, Africa, Asia and Australia (EAAA). The company offers modular carpets under the Interface and FLOR brand names; luxury vinyl tiles; carpet tiles under the CQuestGB name for use in commercial interiors, include offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, as well as residential interiors; and modular resilient flooring products.