Segall Bryant & Hamill LLC cut its position in Interface, Inc. (NASDAQ:TILE - Free Report) by 44.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 181,979 shares of the textile maker's stock after selling 143,271 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.31% of Interface worth $4,431,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC raised its stake in 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 acquiring an additional 750 shares during the period. Smartleaf Asset Management LLC grew its stake in Interface by 78.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,242 shares of the textile maker's stock valued at $30,000 after buying an additional 546 shares in the last quarter. Principal Securities Inc. raised its holdings in Interface by 103.1% during 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. Quarry LP lifted its position in shares of Interface by 499.5% during the third quarter. Quarry LP now owns 2,476 shares of the textile maker's stock worth $47,000 after acquiring an additional 2,063 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in shares of Interface by 163.5% in the fourth quarter. US Bancorp DE now owns 2,398 shares of the textile maker's stock worth $58,000 after acquiring an additional 1,488 shares during the period. Hedge funds and other institutional investors own 98.34% of the company's stock.
Insider Transactions at Interface
In other Interface news, Director Daniel T. Hendrix sold 12,500 shares of Interface stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $23.78, for a total value of $297,250.00. Following the transaction, the director now directly owns 103,647 shares of the company's stock, valued at $2,464,725.66. The trade was a 10.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders have sold 32,500 shares of company stock worth $748,125. Company insiders own 2.60% of the company's stock.
Interface Price Performance
Shares of TILE traded up $0.10 during midday trading on Monday, reaching $19.85. The stock had a trading volume of 260,559 shares, compared to its average volume of 512,775. The company has a current ratio of 2.57, a quick ratio of 1.38 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 13.91, a price-to-earnings-growth ratio of 0.96 and a beta of 2.18. The company's 50-day moving average is $21.51 and its 200 day moving average is $22.17. Interface, Inc. has a 12-month low of $14.13 and a 12-month high of $27.34.
Interface (NASDAQ:TILE - Get Free Report) last issued its earnings results on Tuesday, February 25th. The textile maker reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.05. The business had revenue of $335.00 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.41 earnings per share. On average, equities analysts predict that Interface, Inc. will post 1.37 EPS for the current fiscal year.
Interface Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a dividend of $0.01 per share. The ex-dividend date is Friday, March 28th. This represents a $0.04 annualized dividend and a yield of 0.20%. Interface's payout ratio is 2.72%.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on TILE shares. StockNews.com downgraded Interface from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. Barrington Research restated an "outperform" rating and set a $30.00 price objective on shares of Interface in a research report on Tuesday, February 25th.
Check Out Our Latest Research Report on TILE
Interface Profile
(
Free Report)
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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