Interface, Inc. (NASDAQ:TILE) Director Sells $297,250.00 in Stock

Interface, Inc. (NASDAQ:TILE) Director Daniel T. Hendrix sold 12,500 shares of the firm’s stock in a transaction 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 completion of 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 available through this link.

Interface Stock Down 0.3 %

TILE stock opened at $23.57 on Friday. Interface, Inc. has a one year low of $12.56 and a one year high of $27.34. The stock has a market capitalization of $1.37 billion, a P/E ratio of 16.48, a PEG ratio of 1.06 and a beta of 2.10. The company has a 50 day moving average price of $24.80 and a two-hundred day moving average price of $21.36. 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 Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts recently commented on TILE shares. Barrington Research reiterated an “outperform” rating and issued a $30.00 price objective on shares of Interface in a research note on Tuesday, January 28th. StockNews.com cut shares of Interface from a “strong-buy” rating to a “buy” rating in a report on Monday, November 4th.

Institutional Trading of Interface

Hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in shares of Interface during the 4th quarter valued at about $2,498,000. Proficio Capital Partners LLC purchased a new stake in Interface in the fourth quarter valued at approximately $479,000. Cornerstone Investment Partners LLC acquired a new position in Interface during the fourth quarter worth approximately $232,000. Smartleaf Asset Management LLC raised its stake in Interface by 78.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,242 shares of the textile maker’s stock worth $30,000 after purchasing an additional 546 shares during the period. Finally, US Bancorp DE boosted its holdings in shares of Interface by 163.5% in the 4th quarter. US Bancorp DE now owns 2,398 shares of the textile maker’s stock valued at $58,000 after purchasing an additional 1,488 shares during the last quarter. 98.34% of the stock is owned by institutional investors and hedge funds.

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.