Farther Finance Advisors LLC reduced its position in Interface, Inc. (NASDAQ:TILE – Free Report) by 9.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,627 shares of the textile maker’s stock after selling 614 shares during the period. Farther Finance Advisors LLC’s holdings in Interface were worth $137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC lifted its stake in shares of 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 purchasing an additional 750 shares during the period. Smartleaf Asset Management LLC increased its holdings in Interface by 78.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,242 shares of the textile maker’s stock worth $30,000 after acquiring an additional 546 shares in the last quarter. Principal Securities Inc. increased its holdings in Interface by 103.1% in the 4th quarter. Principal Securities Inc. now owns 1,460 shares of the textile maker’s stock worth $36,000 after acquiring an additional 741 shares in the last quarter. Quarry LP increased its holdings in Interface by 499.5% in the 3rd 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 increased its holdings in Interface by 163.5% in the 4th 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 in the last quarter. 98.34% of the stock is currently owned by institutional investors and hedge funds.
Interface Price Performance
Interface stock opened at $19.76 on Friday. Interface, Inc. has a 52-week low of $14.13 and a 52-week high of $27.34. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 0.96 and a beta of 2.18. The company has a fifty day simple moving average of $21.92 and a 200-day simple moving average of $22.03. The company has a quick ratio of 1.38, a current ratio of 2.57 and a debt-to-equity ratio of 0.66.
Interface Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date is Friday, March 28th. Interface’s payout ratio is 2.72%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on TILE shares. StockNews.com lowered shares of Interface from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. Barrington Research reissued an “outperform” rating and issued a $30.00 price target on shares of Interface in a report on Tuesday, February 25th.
View Our Latest Analysis on TILE
Insider Transactions at Interface
In other news, Director Daniel T. Hendrix sold 7,500 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $19.95, for a total transaction of $149,625.00. Following the transaction, the director now owns 96,147 shares of the company’s stock, valued at approximately $1,918,132.65. The trade was a 7.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 32,500 shares of company stock valued at $748,125 over the last 90 days. 2.60% of the stock is currently owned by corporate insiders.
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.
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