Segall Bryant & Hamill LLC Sells 143,271 Shares of Interface, Inc. (NASDAQ:TILE)

Segall Bryant & Hamill LLC cut its holdings in shares of Interface, Inc. (NASDAQ:TILE - Free Report) by 44.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 181,979 shares of the textile maker's stock after selling 143,271 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.31% of Interface worth $4,431,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Interface by 4.2% during the 4th quarter. Vanguard Group Inc. now owns 6,116,464 shares of the textile maker's stock valued at $148,936,000 after purchasing an additional 246,726 shares during the last quarter. Barclays PLC grew its holdings in Interface by 688.5% during the 3rd quarter. Barclays PLC now owns 256,987 shares of the textile maker's stock valued at $4,873,000 after buying an additional 224,395 shares in the last quarter. Weiss Asset Management LP bought a new stake in Interface during the 3rd quarter worth approximately $4,206,000. American Century Companies Inc. increased its holdings in shares of Interface by 12.3% in the fourth quarter. American Century Companies Inc. now owns 1,992,296 shares of the textile maker's stock worth $48,512,000 after purchasing an additional 218,113 shares during the period. Finally, Prudential Financial Inc. raised its holdings in shares of Interface by 25.9% in the 4th quarter. Prudential Financial Inc. now owns 676,030 shares of the textile maker's stock valued at $16,461,000 after acquiring an additional 139,150 shares in the last quarter. Institutional investors own 98.34% of the company's stock.

Interface Stock Up 0.2 %

Shares of TILE stock traded up $0.03 during mid-day trading on Tuesday, hitting $19.87. The company's stock had a trading volume of 420,759 shares, compared to its average volume of 515,673. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 0.96 and a beta of 2.18. The business has a 50-day moving average price of $21.33 and a 200 day moving average price of $22.19. Interface, Inc. has a 52-week low of $14.13 and a 52-week high of $27.34. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.38 and a current ratio of 2.57.

Interface (NASDAQ:TILE - Get Free Report) last announced its earnings results on Tuesday, February 25th. The textile maker reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.05. The company had revenue of $335.00 million for the quarter, compared to analysts' expectations of $340.51 million. Interface had a return on equity of 19.91% and a net margin of 6.49%. Interface's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the firm earned $0.41 EPS. Research analysts predict that Interface, Inc. will post 1.37 EPS for the current fiscal year.

Interface Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.20%. The ex-dividend date is Friday, March 28th. Interface's dividend payout ratio is presently 2.72%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Barrington Research reiterated an "outperform" rating and issued a $30.00 price objective on shares of Interface in a report on Tuesday, February 25th. StockNews.com downgraded shares of Interface from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th.

Insider Buying and Selling

In other Interface news, Director Daniel T. Hendrix sold 12,500 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $23.78, for a total transaction of $297,250.00. Following the completion of the transaction, the director now owns 103,647 shares in the company, valued at $2,464,725.66. The trade was a 10.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders have sold 32,500 shares of company stock worth $748,125. Insiders own 2.60% of the company's stock.

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.