Interface, Inc. (NASDAQ:TILE) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC cut its position in Interface, Inc. (NASDAQ:TILE) by 44.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 181,979 shares of the textile maker’s stock after selling 143,271 shares during the period. Segall Bryant & Hamill LLC’s holdings in Interface were worth $4,431,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of TILE. Prudential Financial Inc. boosted its position in Interface by 25.9% in the fourth quarter. Prudential Financial Inc. now owns 676,030 shares of the textile maker’s stock valued at $16,461,000 after buying an additional 139,150 shares during the last quarter. Vanguard Group Inc. lifted its stake in Interface by 4.2% during the 4th quarter. Vanguard Group Inc. now owns 6,116,464 shares of the textile maker’s stock valued at $148,936,000 after acquiring an additional 246,726 shares during the period. Fox Run Management L.L.C. boosted its holdings in shares of Interface by 44.8% in the 4th quarter. Fox Run Management L.L.C. now owns 41,223 shares of the textile maker’s stock valued at $1,004,000 after acquiring an additional 12,755 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Interface in the fourth quarter worth $321,000. Finally, Hillsdale Investment Management Inc. raised its holdings in shares of Interface by 0.4% during the fourth quarter. Hillsdale Investment Management Inc. now owns 216,313 shares of the textile maker’s stock worth $5,267,000 after purchasing an additional 900 shares during the last quarter. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on TILE shares. Barrington Research reaffirmed an “outperform” rating and issued a $30.00 price target on shares of Interface in a report on Tuesday, February 25th. StockNews.com downgraded Interface from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th.

Interface Price Performance

Shares of NASDAQ TILE opened at $20.38 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.57 and a quick ratio of 1.38. The firm’s 50 day simple moving average is $21.59 and its 200-day simple moving average is $22.10. Interface, Inc. has a 12 month low of $14.13 and a 12 month high of $27.34. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 14.25, a PEG ratio of 0.96 and a beta of 2.18.

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

Interface Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.04 dividend on an annualized basis and a yield of 0.20%. Interface’s payout ratio is 2.72%.

Insiders Place Their Bets

In other news, Director Daniel T. Hendrix sold 12,500 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $24.10, for a total transaction of $301,250.00. Following the completion of the transaction, the director now directly owns 116,147 shares of the company’s stock, valued at $2,799,142.70. This represents a 9.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last 90 days, insiders have sold 32,500 shares of company stock worth $748,125. 2.60% of the stock is 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.