MeadowBrook Investment Advisors LLC Makes New $257,000 Investment in Interface, Inc. (NASDAQ:TILE)

MeadowBrook Investment Advisors LLC acquired a new position in Interface, Inc. (NASDAQ:TILE) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,560 shares of the textile maker’s stock, valued at approximately $257,000.

Several other large investors have also recently bought and sold shares of the business. Quarry LP boosted its stake in shares of Interface by 499.5% during the third quarter. Quarry LP now owns 2,476 shares of the textile maker’s stock valued at $47,000 after acquiring an additional 2,063 shares during the last quarter. National Bank of Canada FI boosted its stake in shares of Interface by 33.7% during the third quarter. National Bank of Canada FI now owns 3,399 shares of the textile maker’s stock valued at $64,000 after acquiring an additional 856 shares during the last quarter. KBC Group NV boosted its stake in shares of Interface by 70.7% during the third quarter. KBC Group NV now owns 3,472 shares of the textile maker’s stock valued at $66,000 after acquiring an additional 1,438 shares during the last quarter. nVerses Capital LLC purchased a new position in Interface during the third quarter worth about $70,000. Finally, GAMMA Investing LLC lifted its position in Interface by 17.5% during the fourth 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 period. Hedge funds and other institutional investors own 98.34% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TILE shares. Barrington Research reiterated an “outperform” rating and set a $30.00 target price on shares of Interface in a research report on Tuesday, January 28th. StockNews.com downgraded Interface from a “strong-buy” rating to a “buy” rating in a report on Monday, November 4th.

Insider Transactions at Interface

In other Interface news, Director Daniel T. Hendrix sold 12,500 shares of Interface stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $23.78, for a total transaction of $297,250.00. Following the sale, the director now owns 103,647 shares of the company’s stock, valued at $2,464,725.66. The trade was a 10.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Bruce Andrew Hausmann sold 30,000 shares of Interface 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 in the company, valued at $4,296,112.50. The trade was a 15.12 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 88,175 shares of company stock worth $2,236,087. 2.60% of the stock is currently owned by corporate insiders.

Interface Price Performance

Shares of NASDAQ TILE opened at $22.75 on Wednesday. Interface, Inc. has a fifty-two week low of $12.67 and a fifty-two week high of $27.34. The business has a 50 day moving average price of $24.59 and a two-hundred day moving average price of $21.52. The company has a quick ratio of 1.38, a current ratio of 2.57 and a debt-to-equity ratio of 0.66. The firm has a market cap of $1.33 billion, a PE ratio of 15.91, a price-to-earnings-growth ratio of 1.01 and a beta of 2.10.

Interface Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a $0.01 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.04 annualized dividend and a dividend yield of 0.18%. Interface’s payout ratio is 2.80%.

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.