Insider Selling: Interface, Inc. (NASDAQ:TILE) Director Sells 12,500 Shares of Stock

Interface, Inc. (NASDAQ:TILE - Get Free Report) Director Daniel T. Hendrix sold 12,500 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $23.78, for a total transaction of $297,250.00. Following the sale, the director now directly owns 103,647 shares in the company, valued at approximately $2,464,725.66. This represents a 10.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Interface Price Performance

TILE traded down $0.06 during midday trading on Thursday, reaching $23.57. 521,700 shares of the company's stock were exchanged, compared to its average volume of 374,462. Interface, Inc. has a 1-year low of $12.56 and a 1-year high of $27.34. The stock has a market capitalization of $1.37 billion, a PE ratio of 16.48, a P/E/G ratio of 1.06 and a beta of 2.10. 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 business's 50-day moving average price is $24.80 and its 200 day moving average price is $21.36.

Interface Announces Dividend

The business 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. This represents a $0.04 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date of this dividend was Friday, November 29th. Interface's payout ratio is currently 2.80%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Interface

A number of large investors have recently bought and sold shares of TILE. State Street Corp lifted its position 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 valued at $42,347,000 after acquiring an additional 13,686 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Interface by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,371,976 shares of the textile maker's stock valued at $26,031,000 after purchasing an additional 11,931 shares in the last quarter. Hennessy Advisors Inc. boosted its stake in shares of Interface by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 608,900 shares of the textile maker's stock worth $14,827,000 after purchasing an additional 38,900 shares during the last quarter. Segall Bryant & Hamill LLC grew its holdings in shares of Interface by 0.8% during the third 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 in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Interface by 3.8% during the fourth quarter. Principal Financial Group Inc. now owns 315,596 shares of the textile maker's stock worth $7,685,000 after buying an additional 11,546 shares in the last quarter. Institutional investors and hedge funds own 98.34% of the company's stock.

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.