Segall Bryant & Hamill LLC Sells 15,645 Shares of Interface, Inc. (NASDAQ:TILE)

Segall Bryant & Hamill LLC trimmed its position in shares of Interface, Inc. (NASDAQ:TILE - Free Report) by 8.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 166,334 shares of the textile maker's stock after selling 15,645 shares during the period. Segall Bryant & Hamill LLC owned 0.29% of Interface worth $3,300,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its position in Interface by 56.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 14,649 shares of the textile maker's stock worth $291,000 after purchasing an additional 5,299 shares during the period. North Star Investment Management Corp. lifted its position in Interface by 9.9% during the first quarter. North Star Investment Management Corp. now owns 166,075 shares of the textile maker's stock worth $3,295,000 after purchasing an additional 15,000 shares during the period. Harbor Capital Advisors Inc. bought a new position in Interface in the 1st quarter valued at approximately $304,000. Raymond James Financial Inc. bought a new position in Interface in the 4th quarter valued at approximately $2,498,000. Finally, Virtus Fund Advisers LLC bought a new position in Interface in the 4th quarter valued at approximately $48,000. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TILE shares. Wall Street Zen upgraded shares of Interface from a "hold" rating to a "buy" rating in a report on Saturday, May 10th. Barrington Research restated an "outperform" rating and set a $30.00 price target on shares of Interface in a report on Friday, May 2nd.

Insider Transactions at Interface

In other news, VP James Poppens sold 19,474 shares of the company's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $20.14, for a total value of $392,206.36. Following the completion of the sale, the vice president owned 130,142 shares in the company, valued at $2,621,059.88. This represents a 13.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.30% of the company's stock.

Interface Trading Down 2.4%

Shares of TILE stock traded down $0.51 during trading hours on Friday, hitting $20.59. 310,007 shares of the company were exchanged, compared to its average volume of 495,258. The firm has a market cap of $1.21 billion, a P/E ratio of 14.20, a P/E/G ratio of 0.87 and a beta of 1.97. Interface, Inc. has a fifty-two week low of $14.75 and a fifty-two week high of $27.34. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.42 and a current ratio of 2.76. The company has a 50 day simple moving average of $20.75 and a two-hundred day simple moving average of $20.88.

Interface (NASDAQ:TILE - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The textile maker reported $0.25 EPS for the quarter, topping the consensus estimate of $0.21 by $0.04. The company had revenue of $297.41 million during the quarter, compared to the consensus estimate of $297.11 million. Interface had a net margin of 6.48% and a return on equity of 17.73%. The company's quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.24 EPS. Equities analysts anticipate that Interface, Inc. will post 1.37 EPS for the current year.

Interface Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.19%. The ex-dividend date was Friday, May 30th. Interface's payout ratio is currently 2.76%.

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.