Matthew 25 Management Corp Reduces Holdings in Interface, Inc. (NASDAQ:TILE)

Matthew 25 Management Corp decreased its position in Interface, Inc. (NASDAQ:TILE) by 20.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 609,000 shares of the textile maker’s stock after selling 156,000 shares during the period. Interface accounts for approximately 4.7% of Matthew 25 Management Corp’s investment portfolio, making the stock its 12th largest position. Matthew 25 Management Corp’s holdings in Interface were worth $14,829,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Private Advisor Group LLC purchased a new stake in shares of Interface in the 3rd quarter valued at approximately $790,000. HighTower Advisors LLC purchased a new position in shares of Interface during the 3rd quarter worth approximately $1,138,000. Sanctuary Advisors LLC purchased a new position in shares of Interface during the 3rd quarter worth approximately $1,661,000. BNP Paribas Financial Markets boosted its position in shares of Interface by 13.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 29,555 shares of the textile maker’s stock worth $561,000 after purchasing an additional 3,464 shares during the period. Finally, FMR LLC boosted its position in shares of Interface by 138.8% during the 3rd quarter. FMR LLC now owns 95,215 shares of the textile maker’s stock worth $1,806,000 after purchasing an additional 55,345 shares during the period. Hedge funds and other institutional investors own 98.34% of the company’s stock.

Insiders Place Their Bets

In other Interface news, Director Daniel T. Hendrix sold 12,500 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $23.78, for a total transaction of $297,250.00. Following the sale, the director now directly owns 103,647 shares in the company, valued at $2,464,725.66. This represents a 10.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP David B. Foshee sold 15,175 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $26.27, for a total transaction of $398,647.25. Following the sale, the vice president now owns 202,398 shares in the company, valued at approximately $5,316,995.46. This trade represents a 6.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 58,175 shares of company stock worth $1,471,087 in the last ninety days. 2.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on TILE shares. StockNews.com cut shares of Interface from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 4th. Barrington Research reaffirmed an “outperform” rating and set a $30.00 price objective on shares of Interface in a research report on Tuesday, January 28th.

Interface Price Performance

Interface stock opened at $21.48 on Friday. The firm has a market cap of $1.25 billion, a PE ratio of 15.02, a price-to-earnings-growth ratio of 0.96 and a beta of 2.10. Interface, Inc. has a 52-week low of $13.00 and a 52-week 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 company’s 50 day moving average is $23.94 and its two-hundred day moving average is $21.80.

Interface 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.