Susquehanna International Group LLP Sells 12,978 Shares of Interface, Inc. (NASDAQ:TILE)

Susquehanna International Group LLP trimmed its holdings in shares of Interface, Inc. (NASDAQ:TILE - Free Report) by 14.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 76,091 shares of the textile maker's stock after selling 12,978 shares during the period. Susquehanna International Group LLP owned approximately 0.13% of Interface worth $1,853,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TILE. Vanguard Group Inc. lifted its position in Interface by 4.2% in the 4th quarter. Vanguard Group Inc. now owns 6,116,464 shares of the textile maker's stock valued at $148,936,000 after acquiring an additional 246,726 shares in the last quarter. American Century Companies Inc. lifted its holdings in Interface by 12.3% during the 4th quarter. American Century Companies Inc. now owns 1,992,296 shares of the textile maker's stock valued at $48,512,000 after purchasing an additional 218,113 shares during the last quarter. Prudential Financial Inc. boosted its holdings in shares of Interface by 25.9% during the 4th quarter. Prudential Financial Inc. now owns 676,030 shares of the textile maker's stock worth $16,461,000 after buying an additional 139,150 shares during the period. Hennessy Advisors Inc. boosted its holdings in shares of Interface by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 608,900 shares of the textile maker's stock worth $14,827,000 after acquiring an additional 38,900 shares during the period. Finally, Renaissance Technologies LLC increased its position in Interface by 43.4% during the 4th quarter. Renaissance Technologies LLC now owns 509,341 shares of the textile maker's stock worth $12,402,000 after buying an additional 154,041 shares during the period. Institutional investors own 98.34% of the company's stock.

Insider Activity at Interface

In other Interface news, Director Daniel T. Hendrix sold 7,500 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $19.95, for a total value of $149,625.00. Following the transaction, the director now directly owns 96,147 shares of the company's stock, valued at approximately $1,918,132.65. This trade represents a 7.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.30% of the stock is currently owned by insiders.

Interface Stock Performance

TILE traded up $0.06 during trading on Thursday, hitting $21.02. 55,002 shares of the company traded hands, compared to its average volume of 507,847. Interface, Inc. has a one year low of $14.13 and a one year high of $27.34. The stock's fifty day moving average is $19.27 and its 200 day moving average is $22.20. The firm has a market cap of $1.23 billion, a P/E ratio of 14.69, a price-to-earnings-growth ratio of 0.96 and a beta of 1.95. The company has a quick ratio of 1.38, a current ratio of 2.57 and a debt-to-equity ratio of 0.66.

Interface (NASDAQ:TILE - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The textile maker reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.04. The firm had revenue of $297.41 million for the quarter, compared to analysts' expectations of $297.11 million. Interface had a net margin of 6.49% and a return on equity of 19.91%. The business's quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.24 earnings per share. As a group, equities analysts predict that Interface, Inc. will post 1.37 EPS for the current fiscal year.

Interface Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.19%. The ex-dividend date of this dividend was Friday, March 28th. Interface's dividend payout ratio (DPR) is 2.76%.

Analysts Set New Price Targets

Several research analysts have commented on TILE shares. StockNews.com upgraded shares of Interface from a "hold" rating to a "buy" rating in a research report on Saturday, May 10th. Barrington Research reissued an "outperform" rating and set a $30.00 target price on shares of Interface in a report on Friday, May 2nd.

About Interface

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.