XTX Topco Ltd Lowers Stock Holdings in Interface, Inc. (NASDAQ:TILE)

XTX Topco Ltd reduced its holdings in Interface, Inc. (NASDAQ:TILE - Free Report) by 74.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,632 shares of the textile maker's stock after selling 34,015 shares during the period. XTX Topco Ltd's holdings in Interface were worth $221,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in TILE. Private Advisor Group LLC purchased a new position in Interface in the 3rd quarter valued at about $790,000. HighTower Advisors LLC acquired a new stake in shares of Interface in the third quarter worth approximately $1,138,000. Renaissance Technologies LLC boosted its stake in shares of Interface by 11.0% in the second quarter. Renaissance Technologies LLC now owns 345,400 shares of the textile maker's stock worth $5,070,000 after acquiring an additional 34,200 shares during the last quarter. First Eagle Investment Management LLC boosted its position in Interface by 46.5% during the second quarter. First Eagle Investment Management LLC now owns 176,617 shares of the textile maker's stock worth $2,593,000 after acquiring an additional 56,093 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Interface by 107.2% during the 2nd quarter. Victory Capital Management Inc. now owns 182,620 shares of the textile maker's stock worth $2,681,000 after purchasing an additional 94,499 shares during the last quarter. 98.34% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Interface

In other Interface news, VP David B. Foshee sold 15,175 shares of Interface stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $26.27, for a total transaction of $398,647.25. Following the completion of the sale, the vice president now directly owns 202,398 shares in the company, valued at $5,316,995.46. This trade represents a 6.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Stansfield Nigel sold 20,000 shares of the business's stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $24.12, for a total transaction of $482,400.00. Following the completion of the sale, the vice president now directly owns 144,355 shares in the company, valued at $3,481,842.60. This trade represents a 12.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 83,175 shares of company stock worth $2,119,987. Company insiders own 2.60% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on TILE. Barrington Research increased their price target on Interface from $26.00 to $30.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. StockNews.com cut Interface from a "strong-buy" rating to a "buy" rating in a report on Monday, November 4th.

Interface Trading Down 0.5 %

NASDAQ:TILE traded down $0.12 on Friday, hitting $24.53. The stock had a trading volume of 3,114,076 shares, compared to its average volume of 467,129. The company has a fifty day moving average price of $23.64 and a two-hundred day moving average price of $19.21. Interface, Inc. has a 1-year low of $11.48 and a 1-year high of $27.34. The company has a quick ratio of 1.38, a current ratio of 2.57 and a debt-to-equity ratio of 0.66. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 1.29 and a beta of 2.09.

Interface (NASDAQ:TILE - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The textile maker reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.14. The firm had revenue of $344.30 million for the quarter, compared to analysts' expectations of $336.39 million. Interface had a return on equity of 19.91% and a net margin of 6.49%. The firm's quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.28 earnings per share. Equities research analysts expect that Interface, Inc. will post 1.37 earnings per share for the current fiscal year.

Interface Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date was Friday, November 29th. Interface's payout ratio is 2.80%.

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.