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

Interface, Inc. (NASDAQ:TILE) Director Daniel T. Hendrix sold 12,500 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were 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 of the company’s stock, valued at approximately $2,464,725.66. This trade represents a 10.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Interface Price Performance

Shares of NASDAQ TILE opened at $23.77 on Wednesday. The firm has a market cap of $1.39 billion, a P/E ratio of 16.62, a PEG ratio of 1.06 and a beta of 2.10. Interface, Inc. has a twelve month low of $12.40 and a twelve month high of $27.34. The company has a quick ratio of 1.38, a current ratio of 2.57 and a debt-to-equity ratio of 0.66. The company has a 50 day moving average of $24.92 and a 200 day moving average of $21.29.

Interface Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Interface

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