Insider Selling: Interface, Inc. (NASDAQ:TILE) Director Sells 12,500 Shares of Stock

Interface, Inc. (NASDAQ:TILE) Director Daniel T. Hendrix sold 12,500 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $23.78, for a total transaction of $297,250.00. Following the completion of the sale, the director now owns 103,647 shares in the company, valued at $2,464,725.66. This represents a 10.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Interface Price Performance

TILE stock opened at $23.63 on Thursday. The company has a market capitalization of $1.38 billion, a P/E ratio of 16.52, a PEG ratio of 1.06 and a beta of 2.10. The company has a fifty day moving average price of $24.86 and a 200-day moving average price of $21.34. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.38 and a current ratio of 2.57. Interface, Inc. has a 52-week low of $12.44 and a 52-week high of $27.34.

Interface Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a $0.01 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.17%. Interface’s dividend payout ratio (DPR) is presently 2.80%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Barrington Research reiterated an “outperform” rating and issued a $30.00 price target on shares of Interface in a research note on Tuesday, January 28th. StockNews.com lowered Interface from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 4th.

Institutional Investors Weigh In On Interface

Several institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp boosted its holdings in Interface by 0.6% in the third quarter. State Street Corp now owns 2,232,327 shares of the textile maker’s stock valued at $42,347,000 after acquiring an additional 13,686 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Interface by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,371,976 shares of the textile maker’s stock worth $26,031,000 after purchasing an additional 11,931 shares during the period. Hennessy Advisors Inc. boosted its stake in shares of Interface by 6.8% in the 4th quarter. Hennessy Advisors Inc. now owns 608,900 shares of the textile maker’s stock valued at $14,827,000 after purchasing an additional 38,900 shares during the last quarter. Segall Bryant & Hamill LLC increased its position in shares of Interface by 0.8% during the third quarter. Segall Bryant & Hamill LLC now owns 325,250 shares of the textile maker’s stock worth $6,170,000 after buying an additional 2,423 shares during the period. Finally, Principal Financial Group Inc. raised its stake in Interface by 3.8% during the fourth quarter. Principal Financial Group Inc. now owns 315,596 shares of the textile maker’s stock worth $7,685,000 after buying an additional 11,546 shares during the last quarter. Institutional investors and hedge funds own 98.34% of the company’s stock.

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.