Interface Inc (TILE) Files Form 4 Insider Selling : Daniel T Hendrix Sells 3,000 Shares

Interface Inc (TILE): Daniel T Hendrix , Chairman & CEO of Interface Inc sold 3,000 shares on Jun 6, 2016. The Insider selling transaction was reported by the company on Jun 8, 2016 to the Securities and Exchange Commission. The shares were sold at $17.10 per share for a total value of $51,300.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 4, 2016, Daniel T Hendrix (Chairman & CEO) sold 40,000 shares at $16.83 per share price.On Apr 5, 2016, Patrick C Lynch (Sr. Vice President & CFO) sold 1,500 shares at $18.22 per share price.Also, On Mar 21, 2016, Raymond S Willoch (Sr. Vice President) sold 15,000 shares at $17.15 per share price.On Dec 3, 2015, John R Wells (Sr. Vice President) sold 4,445 shares at $19.87 per share price.

Shares of Interface (TILE) ended Tuesday, Jun 7, 2016 session in red amid volatile trading. The shares closed down -0.1 points or -0.58% at $17.16 with 3,40,999 shares getting traded. Post opening the session at $17.25, the shares hit an intraday low of $17.1 and an intraday high of $17.29 and the price vacillated in this range throughout the day. The company has a market cap of $1,124 M and the number of outstanding shares has been calculated to be 6,54,72,473 shares. The 52-week high of Interface is $27.17 and the 52-week low is $13.7.

Interface Money Flow Index Chart

Company has been under the radar of several Street Analysts.Interface is Downgraded by Longbow to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on May 5, 2016.Interface is Downgraded by Stifel to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 27, 2016.Interface is Downgraded by Barclays to Underweight and the brokerage firm has set the Price Target at $17. Earlier the firm had a rating of Equal Weight on the company shares. The Rating was issued on Apr 7, 2016.

Interface Inc. is engaged in design production and sales of modular carpet also known as carpet tile across the world. The Company markets its modular carpets in over 110 countries under the brand names Interface and FLOR. The Company’s revenues are derived from sales of floorcovering products primarily modular carpet. The Company distributes its product through two primary channels: direct sales to end users and indirect sales through independent contractors or distributors. The Company sells an antimicrobial chemical compound under the trademark Intersept that the Company incorporates in all of its modular carpet products. The Company manufactures carpet at two locations in the United States and at facilities in the Netherlands the United Kingdom Thailand China and Australia. The Company’s principal geographic markets are the Americas Europe and Asia-Pacific.

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