XTX Topco Ltd Has $221,000 Stock Position in Interface, Inc. (NASDAQ:TILE)

XTX Topco Ltd cut its stake in shares of Interface, Inc. (NASDAQ:TILE) by 74.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,632 shares of the textile maker’s stock after selling 34,015 shares during the period. XTX Topco Ltd’s holdings in Interface were worth $221,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Interface by 1.1% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,892,968 shares of the textile maker’s stock worth $42,469,000 after buying an additional 31,224 shares during the period. Dimensional Fund Advisors LP grew its holdings in Interface by 10.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,691,190 shares of the textile maker’s stock valued at $39,507,000 after purchasing an additional 247,350 shares during the period. State Street Corp grew its holdings in Interface by 0.6% during the third quarter. State Street Corp now owns 2,232,327 shares of the textile maker’s stock valued at $42,347,000 after purchasing an additional 13,686 shares during the period. American Century Companies Inc. increased its stake in 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. Finally, Meros Investment Management LP raised its holdings in Interface by 1.5% in the second quarter. Meros Investment Management LP now owns 698,305 shares of the textile maker’s stock worth $10,251,000 after purchasing an additional 10,616 shares during the period. Institutional investors own 98.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on TILE shares. Barrington Research upped their price objective on shares of Interface from $26.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. StockNews.com downgraded Interface from a “strong-buy” rating to a “buy” rating in a report on Monday, November 4th.

Insider Activity at Interface

In other Interface news, Director Daniel T. Hendrix sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $26.33, for a total transaction of $473,940.00. Following the transaction, the director now owns 153,147 shares of the company’s stock, valued at $4,032,360.51. The trade was a 10.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Stansfield Nigel sold 20,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $24.12, for a total value of $482,400.00. Following the completion of the sale, the vice president now directly owns 144,355 shares of the company’s stock, valued at approximately $3,481,842.60. The trade was a 12.17 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 83,175 shares of company stock valued at $2,119,987. Corporate insiders own 2.60% of the company’s stock.

Interface Stock Up 0.9 %

Shares of TILE stock opened at $24.65 on Friday. Interface, Inc. has a 12-month low of $11.48 and a 12-month high of $27.34. 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 fifty day moving average of $23.53 and a 200-day moving average of $19.15. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 17.24, a P/E/G ratio of 1.29 and a beta of 2.09.

Interface (NASDAQ:TILE) last released its earnings results on Friday, November 1st. The textile maker reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.14. The firm had revenue of $344.30 million during the quarter, compared to analysts’ expectations of $336.39 million. Interface had a return on equity of 19.91% and a net margin of 6.49%. The company’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 EPS. As a group, equities research analysts predict that Interface, Inc. will post 1.37 earnings per share for the current fiscal year.

Interface Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date was Friday, November 29th. Interface’s dividend payout ratio is presently 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.