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

Sei Investments Co. lessened its position in shares of Interface, Inc. (NASDAQ:TILE) by 19.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 64,329 shares of the textile maker’s stock after selling 15,398 shares during the period. Sei Investments Co.’s holdings in Interface were worth $1,566,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC grew its stake in Interface by 688.5% in the 3rd quarter. Barclays PLC now owns 256,987 shares of the textile maker’s stock valued at $4,873,000 after acquiring an additional 224,395 shares during the period. American Century Companies Inc. increased its stake in shares of Interface by 12.3% during 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 in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Interface during the 4th quarter worth about $2,498,000. Jane Street Group LLC lifted its stake in Interface by 176.7% in the 3rd quarter. Jane Street Group LLC now owns 158,352 shares of the textile maker’s stock valued at $3,004,000 after buying an additional 101,114 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in Interface in the 3rd quarter valued at about $1,661,000. Hedge funds and other institutional investors own 98.34% of the company’s stock.

Wall Street Analysts Forecast Growth

TILE has been the subject of several research reports. Barrington Research reiterated an “outperform” rating and set a $30.00 price target on shares of Interface in a research report on Tuesday, February 25th. StockNews.com lowered shares of Interface from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th.

Insider Activity at Interface

In related news, Director Daniel T. Hendrix sold 12,500 shares of the business’s stock in a transaction dated 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 owns 103,647 shares in the company, valued at $2,464,725.66. The trade was a 10.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.60% of the company’s stock.

Interface Stock Performance

NASDAQ:TILE opened at $18.37 on Monday. The stock has a market capitalization of $1.07 billion, a P/E ratio of 12.85, a PEG ratio of 0.96 and a beta of 1.93. 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, Inc. has a fifty-two week low of $14.13 and a fifty-two week high of $27.34. The company has a 50 day moving average price of $21.01 and a 200 day moving average price of $22.20.

Interface (NASDAQ:TILE) last announced its quarterly earnings data on Tuesday, February 25th. The textile maker reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.05. Interface had a return on equity of 19.91% and a net margin of 6.49%. The business had revenue of $335.00 million for the quarter, compared to analysts’ expectations of $340.51 million. During the same period last year, the firm earned $0.41 earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. Equities research analysts forecast that Interface, Inc. will post 1.37 EPS for the current year.

Interface Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date is Friday, March 28th. Interface’s dividend payout ratio (DPR) is currently 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.