Interface, Inc. (NASDAQ:TILE) Director Daniel T. Hendrix Sells 12,500 Shares

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

Interface Price Performance

Shares of TILE stock opened at $23.77 on Wednesday. Interface, Inc. has a twelve month low of $12.40 and a twelve month high of $27.34. The company has a current ratio of 2.57, a quick ratio of 1.38 and a debt-to-equity ratio of 0.66. The stock has a fifty day simple moving average of $24.92 and a two-hundred day simple moving average of $21.29. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 16.62, a P/E/G ratio of 1.06 and a beta of 2.10.

Interface Announces Dividend

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

Hedge Funds Weigh In On Interface

Large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in Interface by 17.5% in the fourth quarter. GAMMA Investing LLC now owns 3,880 shares of the textile maker’s stock valued at $94,000 after acquiring an additional 578 shares in the last quarter. Principal Securities Inc. increased its position in shares of Interface by 103.1% during the fourth quarter. Principal Securities Inc. now owns 1,460 shares of the textile maker’s stock worth $36,000 after purchasing an additional 741 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Interface by 204.4% during the 4th quarter. Venturi Wealth Management LLC now owns 1,117 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 750 shares during the last quarter. National Bank of Canada FI boosted its position in shares of Interface by 33.7% in the 3rd quarter. National Bank of Canada FI now owns 3,399 shares of the textile maker’s stock worth $64,000 after purchasing an additional 856 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in Interface by 6.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,103 shares of the textile maker’s stock worth $324,000 after buying an additional 1,368 shares during the last quarter. 98.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TILE has been the subject of a number of recent research reports. Barrington Research reissued an “outperform” rating and issued a $30.00 target price on shares of Interface in a report on Tuesday, January 28th. StockNews.com cut shares of Interface from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 4th.

About Interface

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.