Janney Montgomery Scott LLC Sells 4,783 Shares of Interface, Inc. (NASDAQ:TILE)

Janney Montgomery Scott LLC decreased its position in Interface, Inc. (NASDAQ:TILE) by 33.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 9,670 shares of the textile maker’s stock after selling 4,783 shares during the period. Janney Montgomery Scott LLC’s holdings in Interface were worth $235,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Quarry LP lifted 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 purchasing an additional 2,063 shares in the last quarter. National Bank of Canada FI increased its stake in Interface by 33.7% in the 3rd quarter. National Bank of Canada FI now owns 3,399 shares of the textile maker’s stock valued at $64,000 after buying an additional 856 shares during the last quarter. KBC Group NV lifted its position in Interface by 70.7% during the 3rd quarter. KBC Group NV now owns 3,472 shares of the textile maker’s stock worth $66,000 after buying an additional 1,438 shares in the last quarter. nVerses Capital LLC bought a new stake in Interface during the 3rd quarter worth about $70,000. Finally, GAMMA Investing LLC boosted its stake in shares of Interface by 17.5% during the 4th quarter. GAMMA Investing LLC now owns 3,880 shares of the textile maker’s stock worth $94,000 after buying an additional 578 shares during the last quarter. Institutional investors and hedge funds own 98.34% of the company’s stock.

Analysts Set New Price Targets

TILE has been the topic of a number of recent research reports. Barrington Research reiterated an “outperform” rating and set a $30.00 target price on shares of Interface in a report on Tuesday, January 28th. StockNews.com cut Interface from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 4th.

Insiders Place Their Bets

In related news, VP David B. Foshee sold 15,175 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $26.27, for a total value 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 represents a 6.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 sale, the chief financial officer now directly owns 168,475 shares of the company’s stock, valued at $4,296,112.50. This represents a 15.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 88,175 shares of company stock valued at $2,236,087 over the last 90 days. 2.60% of the stock is currently owned by insiders.

Interface Stock Down 2.4 %

Shares of TILE stock opened at $22.20 on Thursday. Interface, Inc. has a 52-week low of $12.67 and a 52-week high of $27.34. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 1.01 and a beta of 2.10. The firm’s 50-day moving average is $24.52 and its 200-day moving average is $21.56. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.38 and a current ratio of 2.57.

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.