Teachers Retirement System of The State of Kentucky cut its holdings in shares of Interface, Inc. (NASDAQ:TILE) by 12.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,300 shares of the textile maker’s stock after selling 3,200 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Interface were worth $510,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. Federated Investors Inc. PA lifted its position in Interface by 1.2% during the 2nd quarter. Federated Investors Inc. PA now owns 50,004 shares of the textile maker’s stock worth $983,000 after buying an additional 600 shares in the last quarter. Victory Capital Management Inc. lifted its position in Interface by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 7,846 shares of the textile maker’s stock worth $154,000 after buying an additional 1,175 shares in the last quarter. Teachers Advisors LLC lifted its position in Interface by 1.2% during the 1st quarter. Teachers Advisors LLC now owns 113,338 shares of the textile maker’s stock worth $2,159,000 after buying an additional 1,309 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Interface by 9.3% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 22,185 shares of the textile maker’s stock worth $436,000 after purchasing an additional 1,880 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Interface by 1.7% during the 3rd quarter. Rhumbline Advisers now owns 143,899 shares of the textile maker’s stock worth $3,151,000 after purchasing an additional 2,455 shares during the last quarter. 93.13% of the stock is currently owned by hedge funds and other institutional investors.
In related news, VP Stansfield Nigel sold 8,450 shares of the company’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $19.26, for a total value of $162,747.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Daniel T. Hendrix sold 5,000 shares of the company’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $21.45, for a total transaction of $107,250.00. The disclosure for this sale can be found here. Insiders have sold a total of 92,450 shares of company stock worth $2,018,267 over the last 90 days. 1.90% of the stock is owned by company insiders.
Interface, Inc. (NASDAQ:TILE) opened at $24.90 on Friday. The firm has a market cap of $1,503.26, a PE ratio of 21.89 and a beta of 1.34. Interface, Inc. has a 52 week low of $16.80 and a 52 week high of $25.70. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.40 and a current ratio of 2.51.
Interface (NASDAQ:TILE) last released its quarterly earnings data on Wednesday, October 25th. The textile maker reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.02. The company had revenue of $257.43 million for the quarter, compared to analyst estimates of $255.63 million. Interface had a net margin of 5.53% and a return on equity of 21.39%. Interface’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.25 EPS. research analysts predict that Interface, Inc. will post 1.15 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Friday, November 10th were paid a dividend of $0.065 per share. The ex-dividend date was Thursday, November 9th. This represents a $0.26 annualized dividend and a dividend yield of 1.04%. Interface’s dividend payout ratio is presently 30.59%.
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Interface Inc is engaged in design, production and sale of modular carpet, also known as carpet tile. As of January 1, 2017, the Company marketed its modular carpets in over 110 countries under the brand names Interface and FLOR. The Company operates through three segments: Americas, Europe and Asia-Pacific.
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