Matthew 25 Management Corp Has $5.03 Million Position in Interface, Inc. $TILE

Matthew 25 Management Corp lessened its stake in shares of Interface, Inc. (NASDAQ:TILE - Free Report) by 20.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 180,000 shares of the textile maker's stock after selling 45,000 shares during the period. Interface accounts for about 1.5% of Matthew 25 Management Corp's portfolio, making the stock its 17th largest position. Matthew 25 Management Corp owned approximately 0.31% of Interface worth $5,026,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of TILE. TD Private Client Wealth LLC acquired a new position in Interface during the third quarter worth $32,000. Larson Financial Group LLC raised its holdings in Interface by 114.6% during the third quarter. Larson Financial Group LLC now owns 1,176 shares of the textile maker's stock worth $34,000 after buying an additional 628 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new position in Interface during the second quarter worth $35,000. Wexford Capital LP acquired a new position in Interface during the third quarter worth $43,000. Finally, Richardson Financial Services Inc. raised its holdings in Interface by 166.4% during the third quarter. Richardson Financial Services Inc. now owns 1,569 shares of the textile maker's stock worth $45,000 after buying an additional 980 shares during the last quarter. Institutional investors and hedge funds own 98.34% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on TILE shares. Barrington Research restated an "outperform" rating and set a $36.00 price objective on shares of Interface in a report on Friday, April 17th. Wall Street Zen downgraded shares of Interface from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 17th. Finally, Weiss Ratings upgraded shares of Interface from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, March 20th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $36.00.

Interface Stock Performance

Shares of TILE stock opened at $27.30 on Wednesday. The firm has a 50-day moving average of $27.42 and a 200-day moving average of $28.47. The company has a market cap of $1.58 billion, a P/E ratio of 13.93, a P/E/G ratio of 0.87 and a beta of 1.92. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.34 and a quick ratio of 1.18. Interface, Inc. has a one year low of $18.74 and a one year high of $35.11.

Interface (NASDAQ:TILE - Get Free Report) last announced its earnings results on Tuesday, February 24th. The textile maker reported $0.49 EPS for the quarter, beating the consensus estimate of $0.40 by $0.09. The company had revenue of $349.39 million during the quarter, compared to the consensus estimate of $350.54 million. Interface had a net margin of 8.37% and a return on equity of 19.54%. The firm's revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.34 earnings per share. Equities research analysts forecast that Interface, Inc. will post 2.05 EPS for the current fiscal year.

Interface Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, March 27th were issued a $0.03 dividend. This is an increase from Interface's previous quarterly dividend of $0.02. This represents a $0.12 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Friday, March 27th. Interface's dividend payout ratio is currently 6.12%.

Insider Activity at Interface

In other news, VP James Poppens sold 8,000 shares of the stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $28.05, for a total value of $224,400.00. Following the completion of the sale, the vice president owned 103,846 shares in the company, valued at $2,912,880.30. This represents a 7.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 25,650 shares of company stock valued at $736,292 in the last three months. Corporate insiders own 2.47% of the company's stock.

Interface Profile

Interface, Inc NASDAQ: TILE is a global manufacturer of modular flooring and resilient commercial flooring solutions. The company specializes in carpet tiles, luxury vinyl tile (LVT) and other environmentally responsible hard-surface products designed for use in corporate, education, healthcare, hospitality and retail environments. Interface's portfolio also includes broadloom carpet, rubber flooring and acoustic underlays, all engineered to meet performance, design and sustainability requirements in modern interior spaces.

Founded in 1973 by Ray C.

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