Inspire Investing LLC Decreases Stock Holdings in Interface, Inc. (NASDAQ:TILE)

Inspire Investing LLC decreased its position in shares of Interface, Inc. (NASDAQ:TILE - Free Report) by 75.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,444 shares of the textile maker's stock after selling 50,319 shares during the period. Inspire Investing LLC's holdings in Interface were worth $400,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in shares of Interface by 10.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,691,190 shares of the textile maker's stock valued at $39,507,000 after buying an additional 247,350 shares during the last quarter. State Street Corp raised its stake in shares of Interface by 0.6% in the third quarter. State Street Corp now owns 2,232,327 shares of the textile maker's stock worth $42,347,000 after purchasing an additional 13,686 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of 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 purchasing an additional 11,931 shares during the period. Hennessy Advisors Inc. boosted its position in Interface by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 608,900 shares of the textile maker's stock valued at $14,827,000 after buying an additional 38,900 shares during the last quarter. Finally, Segall Bryant & Hamill LLC raised its position in Interface by 0.8% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 325,250 shares of the textile maker's stock worth $6,170,000 after buying an additional 2,423 shares during the last quarter. 98.34% of the stock is owned by hedge funds and other institutional investors.

Interface Trading Down 1.4 %

NASDAQ:TILE traded down $0.36 on Friday, reaching $24.76. 338,942 shares of the company's stock were exchanged, compared to its average volume of 348,746. The company has a quick ratio of 1.38, a current ratio of 2.57 and a debt-to-equity ratio of 0.66. Interface, Inc. has a 52-week low of $12.40 and a 52-week high of $27.34. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 17.31, a price-to-earnings-growth ratio of 1.05 and a beta of 2.10. The business has a fifty day moving average of $24.99 and a 200-day moving average of $21.11.

Interface (NASDAQ:TILE - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The textile maker reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.14. Interface had a return on equity of 19.91% and a net margin of 6.49%. The business had revenue of $344.30 million for the quarter, compared to the consensus estimate of $336.39 million. During the same quarter in the prior year, the business posted $0.28 EPS. The business's revenue for the quarter was up 10.7% on a year-over-year basis. As a group, analysts expect that Interface, Inc. will post 1.37 earnings per share for the current year.

Interface Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a $0.01 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.04 annualized dividend and a yield of 0.16%. Interface's dividend payout ratio (DPR) is 2.80%.

Insider Buying and Selling

In other news, VP David B. Foshee sold 15,175 shares of the firm's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $26.27, for a total value of $398,647.25. Following the completion of the sale, the vice president now owns 202,398 shares in the company, valued at approximately $5,316,995.46. This trade represents a 6.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Bruce Andrew Hausmann sold 30,000 shares of Interface stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $25.50, for a total transaction of $765,000.00. Following the completion of the sale, the chief financial officer now directly 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 disclosure for this sale can be found here. Insiders sold a total of 95,675 shares of company stock worth $2,421,237 in the last 90 days. Company insiders own 2.60% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TILE. Barrington Research reaffirmed an "outperform" rating and set a $30.00 price target on shares of Interface in a research report on Tuesday. StockNews.com cut Interface from a "strong-buy" rating to a "buy" rating in a research report on Monday, November 4th.

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.