SG Americas Securities LLC Buys Shares of 13,236 Interface, Inc. (NASDAQ:TILE)

SG Americas Securities LLC purchased a new stake in shares of Interface, Inc. (NASDAQ:TILE) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 13,236 shares of the textile maker’s stock, valued at approximately $322,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP boosted its position in Interface by 499.5% during the 3rd quarter. Quarry LP now owns 2,476 shares of the textile maker’s stock worth $47,000 after buying an additional 2,063 shares during the period. National Bank of Canada FI lifted its holdings in shares of Interface by 33.7% during the third quarter. National Bank of Canada FI now owns 3,399 shares of the textile maker’s stock worth $64,000 after purchasing an additional 856 shares during the period. KBC Group NV lifted its holdings in shares of Interface by 70.7% during the third quarter. KBC Group NV now owns 3,472 shares of the textile maker’s stock worth $66,000 after purchasing an additional 1,438 shares during the period. nVerses Capital LLC bought a new stake in shares of Interface in the third quarter worth $70,000. Finally, GAMMA Investing LLC increased its holdings in Interface by 17.5% in the fourth quarter. GAMMA Investing LLC now owns 3,880 shares of the textile maker’s stock valued at $94,000 after purchasing an additional 578 shares during the period. 98.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Interface news, CFO Bruce Andrew Hausmann sold 30,000 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $25.50, for a total value of $765,000.00. Following the completion of the sale, the chief financial officer now directly owns 168,475 shares in the company, valued at approximately $4,296,112.50. This trade represents a 15.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 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 disclosure for this sale can be found here. Insiders sold 88,175 shares of company stock valued at $2,236,087 over the last 90 days. Company insiders own 2.60% of the company’s stock.

Analyst Upgrades and Downgrades

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

Interface Price Performance

TILE stock opened at $23.77 on Wednesday. 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 fifty day simple moving average is $24.92 and its 200 day simple moving average is $21.29. Interface, Inc. has a 12-month low of $12.40 and a 12-month high of $27.34. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 16.62, a PEG ratio of 1.06 and a beta of 2.10.

Interface Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.01 per share. The ex-dividend date was Friday, November 29th. This represents a $0.04 annualized dividend and a dividend yield of 0.17%. Interface’s payout ratio is 2.80%.

Interface Company 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.