Insider Buying: Tile Shop Holdings, Inc. (NASDAQ:TTSH) Major Shareholder Purchases $646,000.00 in Stock

Tile Shop Holdings, Inc. (NASDAQ:TTSH) major shareholder Fund 1 Investments, Llc purchased 95,000 shares of the firm’s stock in a transaction dated Friday, July 5th. The stock was acquired at an average price of $6.80 per share, for a total transaction of $646,000.00. Following the purchase, the insider now owns 7,274,623 shares in the company, valued at approximately $49,467,436.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Fund 1 Investments, Llc also recently made the following trade(s):

• On Wednesday, July 3rd, Fund 1 Investments, Llc acquired 10,000 shares of Tile Shop stock. The shares were purchased at an average cost of $7.01 per share, for a total transaction of $70,100.00.
• On Monday, July 1st, Fund 1 Investments, Llc bought 33,029 shares of Tile Shop stock. The shares were bought at an average cost of $6.84 per share, for a total transaction of $225,918.36.
• On Friday, June 28th, Fund 1 Investments, Llc acquired 27,500 shares of Tile Shop stock. The stock was acquired at an average cost of $6.91 per share, with a total value of $190,025.00.
• On Wednesday, June 26th, Fund 1 Investments, Llc acquired 34,000 shares of Tile Shop stock. The stock was acquired at an average cost of $6.85 per share, with a total value of $232,900.00.
• On Monday, June 24th, Fund 1 Investments, Llc bought 74,500 shares of Tile Shop stock. The stock was purchased at an average cost of $6.97 per share, with a total value of $519,265.00.
• On Thursday, June 20th, Fund 1 Investments, Llc acquired 28,000 shares of Tile Shop stock. The shares were bought at an average cost of $6.97 per share, with a total value of $195,160.00.
• On Monday, June 17th, Fund 1 Investments, Llc bought 88,500 shares of Tile Shop stock. The stock was acquired at an average price of $6.80 per share, for a total transaction of $601,800.00.
• On Friday, June 14th, Fund 1 Investments, Llc acquired 55,500 shares of Tile Shop stock. The stock was purchased at an average price of $6.63 per share, for a total transaction of $367,965.00.
• On Wednesday, June 12th, Fund 1 Investments, Llc acquired 26,000 shares of Tile Shop stock. The stock was purchased at an average price of $6.66 per share, for a total transaction of $173,160.00.
• On Monday, June 10th, Fund 1 Investments, Llc bought 70,500 shares of Tile Shop stock. The shares were bought at an average price of $6.56 per share, for a total transaction of $462,480.00.

Tile Shop Stock Performance

Tile Shop stock opened at $6.89 on Thursday. The stock has a market cap of $306.78 million, a P/E ratio of 32.81 and a beta of 1.43. Tile Shop Holdings, Inc. has a fifty-two week low of $4.33 and a fifty-two week high of $7.67. The firm’s fifty day moving average price is $6.72 and its 200-day moving average price is $6.77.

Tile Shop (NASDAQ:TTSH) last released its earnings results on Thursday, May 9th. The company reported $0.04 EPS for the quarter. Tile Shop had a return on equity of 7.77% and a net margin of 2.52%. The business had revenue of $91.73 million for the quarter.

Institutional Trading of Tile Shop

Institutional investors have recently modified their holdings of the company. SG Americas Securities LLC increased its stake in shares of Tile Shop by 19.4% during the fourth quarter. SG Americas Securities LLC now owns 15,700 shares of the company’s stock valued at $116,000 after purchasing an additional 2,548 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Tile Shop during the fourth quarter valued at approximately $95,000. Gladius Capital Management LP bought a new position in shares of Tile Shop during the fourth quarter valued at approximately $38,000. Janney Montgomery Scott LLC increased its stake in shares of Tile Shop by 17.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 85,105 shares of the company’s stock valued at $626,000 after purchasing an additional 12,921 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its stake in shares of Tile Shop by 7.9% during the fourth quarter. First Eagle Investment Management LLC now owns 344,084 shares of the company’s stock valued at $2,532,000 after purchasing an additional 25,300 shares in the last quarter. 36.66% of the stock is currently owned by hedge funds and other institutional investors.

About Tile Shop

Tile Shop Holdings, Inc operates as a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories in the United States. The company offers natural stone products, including marble, travertine, granite, quartz, sandstone, slate, and onyx tiles; and man-made products, comprises ceramic, porcelain, glass, cement, wood look, and metal and luxury vinyl tile.