Insider Selling: Interface, Inc. (NASDAQ:TILE) CFO Sells 30,000 Shares of Stock

Interface, Inc. (NASDAQ:TILE) CFO Bruce Andrew Hausmann sold 30,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $25.50, for a total transaction of $765,000.00. Following the completion of the transaction, the chief financial officer now owns 168,475 shares in the company, valued at approximately $4,296,112.50. The trade was a 15.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Interface Price Performance

TILE opened at $25.46 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.38 and a current ratio of 2.57. The stock has a market capitalization of $1.48 billion, a P/E ratio of 17.80, a P/E/G ratio of 1.23 and a beta of 1.97. The company’s 50-day simple moving average is $20.64 and its two-hundred day simple moving average is $17.79. Interface, Inc. has a 52-week low of $9.87 and a 52-week high of $26.11.

Interface (NASDAQ:TILE) last released its quarterly earnings results on Friday, November 1st. The textile maker reported $0.48 EPS for the quarter, beating the consensus estimate of $0.34 by $0.14. Interface had a net margin of 6.49% and a return on equity of 19.91%. The firm had revenue of $344.30 million during the quarter, compared to analyst estimates of $336.39 million. During the same quarter in the prior year, the firm earned $0.28 EPS. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, analysts predict that Interface, Inc. will post 1.37 EPS for the current year.

Interface Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.16%. The ex-dividend date is Friday, November 29th. Interface’s dividend payout ratio is 2.80%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on TILE shares. Barrington Research upped their price target on shares of Interface from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. StockNews.com cut shares of 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 hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Innealta Capital LLC purchased a new stake in Interface during the 2nd quarter valued at approximately $32,000. Quarry LP boosted its position in shares of Interface by 499.5% during the 3rd quarter. Quarry LP now owns 2,476 shares of the textile maker’s stock valued at $47,000 after acquiring an additional 2,063 shares during the last quarter. National Bank of Canada FI boosted its position in shares of Interface by 33.7% during the 3rd quarter. National Bank of Canada FI now owns 3,399 shares of the textile maker’s stock valued at $64,000 after acquiring an additional 856 shares during the last quarter. KBC Group NV lifted its position in Interface by 70.7% in the third quarter. KBC Group NV now owns 3,472 shares of the textile maker’s stock worth $66,000 after buying an additional 1,438 shares during the last quarter. Finally, nVerses Capital LLC bought a new stake in Interface in the third quarter worth $70,000. 98.34% of the stock is owned by hedge funds and other institutional investors.

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.