Matthew 25 Management Corp Has $14.83 Million Position in Interface, Inc. (NASDAQ:TILE)

Matthew 25 Management Corp trimmed its stake in Interface, Inc. (NASDAQ:TILE - Free Report) by 20.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 609,000 shares of the textile maker's stock after selling 156,000 shares during the quarter. Interface makes up about 4.7% of Matthew 25 Management Corp's portfolio, making the stock its 12th biggest holding. Matthew 25 Management Corp owned 1.04% of Interface worth $14,829,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in TILE. Venturi Wealth Management LLC raised its holdings in shares of Interface by 204.4% in the 4th quarter. Venturi Wealth Management LLC now owns 1,117 shares of the textile maker's stock valued at $27,000 after purchasing an additional 750 shares during the period. Principal Securities Inc. increased its position in Interface by 103.1% during the fourth quarter. Principal Securities Inc. now owns 1,460 shares of the textile maker's stock worth $36,000 after buying an additional 741 shares during the last quarter. Quarry LP raised its stake in Interface by 499.5% in the third quarter. Quarry LP now owns 2,476 shares of the textile maker's stock valued at $47,000 after buying an additional 2,063 shares during the period. National Bank of Canada FI lifted its position 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 valued at $64,000 after buying an additional 856 shares during the last quarter. Finally, KBC Group NV boosted its stake in shares of Interface by 70.7% during the 3rd quarter. KBC Group NV now owns 3,472 shares of the textile maker's stock worth $66,000 after acquiring an additional 1,438 shares during the period. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Interface Stock Performance

Shares of Interface stock traded up $0.02 during trading on Monday, reaching $21.50. The company's stock had a trading volume of 286,290 shares, compared to its average volume of 404,385. 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 business's 50-day moving average price is $23.94 and its 200-day moving average price is $21.88. Interface, Inc. has a 52 week low of $13.15 and a 52 week high of $27.34. The firm has a market cap of $1.25 billion, a PE ratio of 15.02, a P/E/G ratio of 0.96 and a beta of 2.10.

Insider Buying and Selling at Interface

In other Interface news, VP David B. Foshee sold 15,175 shares of the firm's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $26.27, for a total transaction of $398,647.25. Following the transaction, the vice president now owns 202,398 shares in the company, valued at $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 available at the SEC website. Also, Director Daniel T. Hendrix sold 18,000 shares of Interface stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $26.33, for a total value of $473,940.00. Following the completion of the transaction, the director now directly owns 153,147 shares of the company's stock, valued at $4,032,360.51. This represents a 10.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 58,175 shares of company stock valued at $1,471,087 in the last quarter. Company insiders own 2.60% of the company's stock.

Wall Street Analysts Forecast Growth

TILE has been the topic of several research reports. Barrington Research reiterated an "outperform" rating and issued a $30.00 price objective on shares of Interface in a report on Tuesday, January 28th. StockNews.com downgraded 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.