Legato Capital Management LLC Sells 12,728 Shares of Interface, Inc. (NASDAQ:TILE)

Legato Capital Management LLC lowered its stake in shares of Interface, Inc. (NASDAQ:TILE - Free Report) by 23.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,720 shares of the textile maker's stock after selling 12,728 shares during the period. Legato Capital Management LLC owned 0.07% of Interface worth $1,040,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Private Advisor Group LLC acquired a new position in shares of Interface during the 3rd quarter worth approximately $790,000. HighTower Advisors LLC acquired a new stake in shares of Interface during the 3rd quarter worth $1,138,000. Sanctuary Advisors LLC acquired a new stake in shares of Interface during the 3rd quarter worth $1,661,000. BNP Paribas Financial Markets grew its holdings in shares of Interface by 13.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 29,555 shares of the textile maker's stock worth $561,000 after purchasing an additional 3,464 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of Interface by 138.8% during the 3rd quarter. FMR LLC now owns 95,215 shares of the textile maker's stock worth $1,806,000 after purchasing an additional 55,345 shares in the last quarter. Institutional investors own 98.34% of the company's stock.

Insider Buying and Selling at Interface

In other news, CFO Bruce Andrew Hausmann sold 30,000 shares of the firm's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $25.50, for a total transaction of $765,000.00. Following the completion of the transaction, the chief financial officer now directly owns 168,475 shares in the company, valued at $4,296,112.50. This trade represents a 15.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel T. Hendrix sold 18,000 shares of the firm's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $26.33, for a total value of $473,940.00. Following the transaction, the director now owns 153,147 shares of the company's stock, valued at $4,032,360.51. This trade represents a 10.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 88,175 shares of company stock worth $2,236,087. 2.60% of the stock is currently owned by insiders.

Interface Price Performance

Shares of TILE stock traded up $0.28 on Friday, hitting $23.16. 382,660 shares of the company's stock were exchanged, compared to its average volume of 349,633. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.57 and a quick ratio of 1.38. Interface, Inc. has a 12 month low of $12.87 and a 12 month high of $27.34. The stock has a market cap of $1.35 billion, a P/E ratio of 16.20, a price-to-earnings-growth ratio of 1.01 and a beta of 2.10. The company has a 50 day moving average of $24.31 and a 200 day moving average of $21.64.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. StockNews.com lowered Interface from a "strong-buy" rating to a "buy" rating in a report on Monday, November 4th. Barrington Research restated an "outperform" rating and set a $30.00 price objective on shares of Interface in a research report on Tuesday, January 28th.

Interface 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.