Foundry Partners LLC Sells 72,480 Shares of Interface, Inc. (NASDAQ:TILE)

Foundry Partners LLC reduced its holdings in shares of Interface, Inc. (NASDAQ:TILE - Free Report) by 31.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 154,617 shares of the textile maker's stock after selling 72,480 shares during the quarter. Foundry Partners LLC owned approximately 0.27% of Interface worth $3,765,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Interface by 4.2% in the fourth quarter. Vanguard Group Inc. now owns 6,116,464 shares of the textile maker's stock valued at $148,936,000 after purchasing an additional 246,726 shares in the last quarter. State Street Corp grew its holdings in shares of Interface by 0.6% in the 3rd 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 in the last quarter. American Century Companies Inc. increased its position in shares of Interface by 12.3% in the fourth quarter. American Century Companies Inc. now owns 1,992,296 shares of the textile maker's stock valued at $48,512,000 after acquiring an additional 218,113 shares during the last quarter. Geode Capital Management LLC raised its holdings in Interface by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,371,976 shares of the textile maker's stock worth $26,031,000 after acquiring an additional 11,931 shares in the last quarter. Finally, Prudential Financial Inc. boosted its position in Interface by 25.9% during the fourth quarter. Prudential Financial Inc. now owns 676,030 shares of the textile maker's stock valued at $16,461,000 after purchasing an additional 139,150 shares during the last quarter. 98.34% of the stock is currently owned by institutional investors and hedge funds.

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Insider Transactions at Interface

In related news, Director Daniel T. Hendrix sold 7,500 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $19.95, for a total transaction of $149,625.00. Following the completion of the sale, the director now owns 96,147 shares of the company's stock, valued at $1,918,132.65. This represents a 7.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.60% of the company's stock.

Interface Stock Performance

Interface stock traded down $0.77 during trading hours on Thursday, hitting $18.74. The company had a trading volume of 90,512 shares, compared to its average volume of 517,885. The firm has a 50-day moving average of $20.40 and a 200 day moving average of $22.14. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.57 and a quick ratio of 1.38. The firm has a market cap of $1.09 billion, a PE ratio of 13.11, a PEG ratio of 0.96 and a beta of 1.93. Interface, Inc. has a one year low of $14.13 and a one year high of $27.34.

Interface (NASDAQ:TILE - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The textile maker reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.05. The business had revenue of $335.00 million during the quarter, compared to analysts' expectations of $340.51 million. Interface had a return on equity of 19.91% and a net margin of 6.49%. The firm's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the firm posted $0.41 EPS. On average, sell-side analysts expect that Interface, Inc. will post 1.37 earnings per share for the current year.

Interface Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.21%. Interface's payout ratio is presently 2.72%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on TILE shares. StockNews.com downgraded shares of Interface from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. Barrington Research reaffirmed an "outperform" rating and set a $30.00 price target on shares of Interface in a report on Tuesday, February 25th.

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.