Sanctuary Advisors LLC Sells 24,329 Shares of Interface, Inc. (NASDAQ:TILE)

Sanctuary Advisors LLC reduced its position in Interface, Inc. (NASDAQ:TILE - Free Report) by 27.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 63,237 shares of the textile maker's stock after selling 24,329 shares during the period. Sanctuary Advisors LLC owned about 0.11% of Interface worth $1,589,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of TILE. GAMMA Investing LLC lifted its position in shares of Interface by 17.5% in the fourth quarter. GAMMA Investing LLC now owns 3,880 shares of the textile maker's stock valued at $94,000 after buying an additional 578 shares during the last quarter. Principal Securities Inc. raised its stake in Interface by 103.1% in the 4th quarter. Principal Securities Inc. now owns 1,460 shares of the textile maker's stock valued at $36,000 after acquiring an additional 741 shares during the period. National Bank of Canada FI lifted its holdings in Interface by 33.7% during the 3rd quarter. National Bank of Canada FI now owns 3,399 shares of the textile maker's stock valued at $64,000 after purchasing an additional 856 shares during the last quarter. KBC Group NV boosted its position in Interface by 70.7% during the third quarter. KBC Group NV now owns 3,472 shares of the textile maker's stock worth $66,000 after purchasing an additional 1,438 shares during the period. Finally, New York State Teachers Retirement System increased its holdings in shares of Interface by 1.6% in the third quarter. New York State Teachers Retirement System now owns 115,339 shares of the textile maker's stock valued at $2,188,000 after purchasing an additional 1,767 shares during the last quarter. Institutional investors own 98.34% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. StockNews.com upgraded shares of Interface from a "buy" rating to a "strong-buy" rating in a research note on Monday. 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.

Insider Buying and Selling

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 12,500 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $23.78, for a total value of $297,250.00. Following the sale, the director now owns 103,647 shares of the company's stock, valued at approximately $2,464,725.66. The trade was a 10.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 58,175 shares of company stock valued at $1,471,087. 2.60% of the stock is owned by company insiders.

Interface Stock Down 0.8 %

TILE stock opened at $21.31 on Tuesday. Interface, Inc. has a fifty-two week low of $13.15 and a fifty-two week high of $27.34. 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 stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 0.96 and a beta of 2.10. The business's fifty day moving average price is $23.94 and its two-hundred day moving average price is $21.88.

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.

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