Interface, Inc. (NASDAQ:TILE) Shares Sold by Sei Investments Co.

Sei Investments Co. lessened its stake in Interface, Inc. (NASDAQ:TILE - Free Report) by 19.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 64,329 shares of the textile maker's stock after selling 15,398 shares during the quarter. Sei Investments Co. owned approximately 0.11% of Interface worth $1,566,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. HighTower Advisors LLC acquired a new stake in shares of Interface in the third quarter worth approximately $1,138,000. Sanctuary Advisors LLC purchased a new position in Interface in the 3rd quarter valued at $1,661,000. Amundi boosted its stake in Interface by 202.0% during the 4th quarter. Amundi now owns 34,408 shares of the textile maker's stock worth $804,000 after purchasing an additional 23,013 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Interface by 13.3% during the third quarter. BNP Paribas Financial Markets now owns 29,555 shares of the textile maker's stock worth $561,000 after buying an additional 3,464 shares in the last quarter. Finally, FMR LLC raised its position in shares of Interface by 138.8% in the third quarter. FMR LLC now owns 95,215 shares of the textile maker's stock valued at $1,806,000 after buying an additional 55,345 shares during the last quarter. Hedge funds and other institutional investors own 98.34% of the company's stock.

Analyst Ratings Changes

TILE has been the topic of a number of recent research reports. Barrington Research restated an "outperform" rating and set a $30.00 price target on shares of Interface in a research report on Tuesday, February 25th. StockNews.com cut Interface from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th.

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Insider Buying and Selling

In other Interface news, Director Daniel T. Hendrix sold 7,500 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $19.95, for a total value of $149,625.00. Following the transaction, the director now owns 96,147 shares of the company's stock, valued at $1,918,132.65. This represents a 7.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.60% of the stock is currently owned by company insiders.

Interface Stock Performance

NASDAQ:TILE remained flat at $18.82 during trading hours on Friday. The company's stock had a trading volume of 337,771 shares, compared to its average volume of 516,892. Interface, Inc. has a 12 month low of $14.13 and a 12 month high of $27.34. The firm has a market capitalization of $1.10 billion, a P/E ratio of 13.16, a P/E/G ratio of 0.96 and a beta of 1.93. The business's 50-day moving average price is $20.21 and its 200-day moving average price is $22.15. The company has a current ratio of 2.57, a quick ratio of 1.38 and a debt-to-equity ratio of 0.66.

Interface (NASDAQ:TILE - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $335.00 million during the quarter, compared to analysts' expectations of $340.51 million. Interface had a net margin of 6.49% and a return on equity of 19.91%. Interface's revenue was up 3.0% compared to the same quarter last year. During the same period last year, the business earned $0.41 earnings per share. On average, analysts forecast that Interface, Inc. will post 1.37 earnings per share for the current year.

Interface Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date is Friday, March 28th. Interface's dividend payout ratio is presently 2.72%.

About Interface

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.