Hanson & Doremus Investment Management lifted its holdings in Interface, Inc. (NASDAQ:TILE) by 87.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,818 shares of the textile maker’s stock after buying an additional 2,722 shares during the period. Hanson & Doremus Investment Management’s holdings in Interface were worth $89,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of TILE. Private Capital Group LLC increased its holdings in shares of Interface by 53.2% in the 1st quarter. Private Capital Group LLC now owns 3,032 shares of the textile maker’s stock worth $46,000 after buying an additional 1,053 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Interface by 36.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,881 shares of the textile maker’s stock valued at $46,000 after purchasing an additional 773 shares during the last quarter. Investors Research Corp bought a new position in Interface during the 1st quarter valued at about $142,000. Hsbc Holdings PLC bought a new position in Interface during the 4th quarter valued at about $164,000. Finally, Everence Capital Management Inc. bought a new position in Interface during the 1st quarter valued at about $164,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

NASDAQ:TILE traded down $1.13 during mid-day trading on Friday, hitting $14.45. 888,528 shares of the stock traded hands, compared to its average volume of 316,802. The stock has a market cap of $866.81 million, a PE ratio of 9.83 and a beta of 1.51. Interface, Inc. has a 52 week low of $13.45 and a 52 week high of $24.50. The stock has a 50 day moving average price of $15.23. The company has a quick ratio of 1.20, a current ratio of 2.43 and a debt-to-equity ratio of 2.03.

Interface (NASDAQ:TILE) last issued its quarterly earnings results on Thursday, July 25th. The textile maker reported $0.51 EPS for the quarter, beating the consensus estimate of $0.49 by $0.02. The company had revenue of $357.50 million for the quarter, compared to the consensus estimate of $358.37 million. Interface had a net margin of 3.90% and a return on equity of 24.81%. The firm’s revenue was up 26.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.42 EPS. Research analysts predict that Interface, Inc. will post 1.56 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, August 9th will be paid a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 1.80%. Interface’s dividend payout ratio is currently 17.45%.

TILE has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Green Plains from a “hold” rating to a “strong sell” rating in a report on Thursday, June 27th. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, BidaskClub downgraded shares of Zai Lab from a “strong-buy” rating to a “buy” rating in a report on Friday. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $25.00.

Interface Company Profile

Interface, Inc, a modular flooring company, designs, produces, and sells modular carpet products primarily in the Americas, Europe, and the Asia-Pacific. The company offers modular carpets under the Interface and FLOR names; carpet tiles under the GlasBacRE name for use in commercial interiors, including offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, as well as residential interiors; modular resilient flooring products; rubber flooring under the norament and noraplan brands; and luxury vinyl tile products.

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Institutional Ownership by Quarter for Interface (NASDAQ:TILE)

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