Interface, Inc. (NASDAQ:TILE) Shares Sold by Achmea Investment Management B.V.

Achmea Investment Management B.V. lowered its position in Interface, Inc. (NASDAQ:TILE) by 18.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,327 shares of the textile maker’s stock after selling 20,971 shares during the quarter. Achmea Investment Management B.V.’s holdings in Interface were worth $1,341,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hennessy Advisors Inc. purchased a new position in Interface during the 2nd quarter valued at about $7,430,000. American Century Companies Inc. lifted its holdings in shares of Interface by 22.3% in the second quarter. American Century Companies Inc. now owns 1,563,447 shares of the textile maker’s stock valued at $22,951,000 after purchasing an additional 285,353 shares in the last quarter. Gendell Jeffrey L grew its position in shares of Interface by 1,041.8% in the first quarter. Gendell Jeffrey L now owns 250,363 shares of the textile maker’s stock valued at $4,211,000 after purchasing an additional 228,435 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Interface by 7.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,275,194 shares of the textile maker’s stock worth $28,714,000 after purchasing an additional 165,536 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of Interface by 57.0% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 336,736 shares of the textile maker’s stock worth $5,664,000 after purchasing an additional 122,249 shares during the last quarter. Institutional investors and hedge funds own 98.34% of the company’s stock.

Interface Stock Performance

NASDAQ:TILE opened at $18.87 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.76 and a quick ratio of 1.45. The firm has a market cap of $1.10 billion, a PE ratio of 18.68, a P/E/G ratio of 0.94 and a beta of 1.98. The firm has a 50 day simple moving average of $17.16 and a 200-day simple moving average of $16.15. Interface, Inc. has a 1-year low of $8.26 and a 1-year high of $19.15.

Interface (NASDAQ:TILE) last issued its quarterly earnings results on Friday, August 2nd. The textile maker reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.12. Interface had a return on equity of 18.42% and a net margin of 5.20%. The company had revenue of $346.60 million during the quarter, compared to the consensus estimate of $340.21 million. During the same period in the previous year, the firm posted $0.25 EPS. Interface’s revenue was up 5.2% on a year-over-year basis. On average, equities analysts expect that Interface, Inc. will post 1.28 EPS for the current year.

Interface Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date was Friday, August 30th. Interface’s payout ratio is 3.96%.

Insider Buying and Selling at Interface

In other news, VP Stansfield Nigel sold 17,500 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $16.44, for a total transaction of $287,700.00. Following the transaction, the vice president now directly owns 164,355 shares in the company, valued at approximately $2,701,996.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Daniel T. Hendrix sold 10,347 shares of Interface stock in a transaction on Friday, July 5th. The stock was sold at an average price of $14.43, for a total value of $149,307.21. Following the transaction, the director now owns 248,300 shares in the company, valued at $3,582,969. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Stansfield Nigel sold 17,500 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $16.44, for a total value of $287,700.00. Following the sale, the vice president now directly owns 164,355 shares of the company’s stock, valued at approximately $2,701,996.20. The disclosure for this sale can be found here. Insiders sold 125,858 shares of company stock worth $2,091,604 in the last 90 days. 2.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. StockNews.com upgraded Interface from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 6th. Barrington Research restated an “outperform” rating and issued a $22.00 price objective on shares of Interface in a research report on Friday, August 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.