Interface, Inc. (NASDAQ:TILE) Shares Sold by Matthew 25 Management Corp

Matthew 25 Management Corp cut its holdings in shares of Interface, Inc. (NASDAQ:TILE) by 20.4% in the fourth quarter, according to its most recent disclosure 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 comprises approximately 4.7% of Matthew 25 Management Corp’s investment portfolio, making the stock its 12th biggest holding. Matthew 25 Management Corp owned approximately 1.04% of Interface worth $14,829,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Venturi Wealth Management LLC raised its position in shares of Interface by 204.4% in the fourth quarter. Venturi Wealth Management LLC now owns 1,117 shares of the textile maker’s stock worth $27,000 after acquiring an additional 750 shares during the period. Principal Securities Inc. raised its position in shares of Interface by 103.1% in the fourth quarter. Principal Securities Inc. now owns 1,460 shares of the textile maker’s stock worth $36,000 after acquiring an additional 741 shares during the period. Quarry LP raised its position in shares of Interface by 499.5% in the third quarter. Quarry LP now owns 2,476 shares of the textile maker’s stock worth $47,000 after acquiring an additional 2,063 shares during the period. National Bank of Canada FI raised its position in shares of Interface by 33.7% in the third quarter. National Bank of Canada FI now owns 3,399 shares of the textile maker’s stock worth $64,000 after acquiring an additional 856 shares during the period. Finally, KBC Group NV raised its position in shares of Interface by 70.7% in the third quarter. KBC Group NV now owns 3,472 shares of the textile maker’s stock worth $66,000 after acquiring an additional 1,438 shares during the period. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Daniel T. Hendrix sold 12,500 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $23.78, for a total transaction of $297,250.00. Following the completion of the transaction, the director now 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David B. Foshee sold 15,175 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $26.27, for a total transaction of $398,647.25. Following the transaction, the vice president now owns 202,398 shares of the company’s stock, valued at approximately $5,316,995.46. This trade represents a 6.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 58,175 shares of company stock worth $1,471,087 in the last 90 days. Insiders own 2.60% of the company’s stock.

Wall Street Analyst Weigh In

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

Interface Stock Down 3.5 %

TILE opened at $21.48 on Friday. Interface, Inc. has a twelve month low of $13.00 and a twelve month 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 has a 50-day moving average price of $23.94 and a 200 day moving average price of $21.80. The company 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.

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.