Great West Life Assurance Co. Can cut its position in shares of Interface, Inc. (NASDAQ:TILE) by 4.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 76,230 shares of the textile maker’s stock after selling 3,871 shares during the quarter. Great West Life Assurance Co. Can owned 0.13% of Interface worth $1,922,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of TILE. Xact Kapitalforvaltning AB bought a new position in shares of Interface during the fourth quarter worth about $210,000. Wolverine Trading LLC bought a new position in shares of Interface during the fourth quarter worth about $218,000. Amalgamated Bank bought a new position in shares of Interface during the fourth quarter worth about $219,000. Two Sigma Securities LLC bought a new position in shares of Interface during the fourth quarter worth about $240,000. Finally, First Mercantile Trust Co. grew its holdings in shares of Interface by 90.1% during the first quarter. First Mercantile Trust Co. now owns 9,687 shares of the textile maker’s stock worth $244,000 after buying an additional 4,592 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.
Interface opened at $23.75 on Friday, Marketbeat reports. The company has a quick ratio of 1.44, a current ratio of 2.60 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 20.13 and a beta of 1.25. Interface, Inc. has a twelve month low of $18.30 and a twelve month high of $26.25.
The business also recently declared a quarterly dividend, which was paid on Friday, May 25th. Shareholders of record on Friday, May 11th were paid a $0.065 dividend. The ex-dividend date of this dividend was Thursday, May 10th. This represents a $0.26 dividend on an annualized basis and a yield of 1.09%. Interface’s dividend payout ratio is 22.03%.
TILE has been the subject of a number of research reports. Zacks Investment Research upgraded Interface from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Tuesday, February 27th. BidaskClub upgraded Interface from a “hold” rating to a “buy” rating in a report on Tuesday, March 27th. Finally, ValuEngine upgraded Interface from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Interface presently has a consensus rating of “Hold” and an average target price of $25.67.
Interface, Inc, a modular flooring company, designs, produces, and sells modular carpet products primarily in the Americas, Europe, and the Asia-Pacific. The company offers modular carpets under the Interface and FLOR names; carpet tiles under the GlasBacRE name for use in commercial interiors, including offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, as well as residential interiors; modular resilient flooring products; and luxury vinyl tile products.
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