Hillsdale Investment Management Inc. Takes $2.42 Million Position in Tile Shop Holdings, Inc. (NASDAQ:TTSH)

Hillsdale Investment Management Inc. purchased a new stake in shares of Tile Shop Holdings, Inc. (NASDAQ:TTSH) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 343,800 shares of the company’s stock, valued at approximately $2,417,000. Hillsdale Investment Management Inc. owned about 0.77% of Tile Shop as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Fund 1 Investments LLC boosted its stake in Tile Shop by 13.9% in the 4th quarter. Fund 1 Investments LLC now owns 5,100,446 shares of the company’s stock worth $37,539,000 after purchasing an additional 620,899 shares during the period. Vanguard Group Inc. raised its holdings in Tile Shop by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 1,298,881 shares of the company’s stock valued at $9,131,000 after buying an additional 10,062 shares during the period. First Eagle Investment Management LLC raised its holdings in Tile Shop by 8.5% during the 1st quarter. First Eagle Investment Management LLC now owns 373,484 shares of the company’s stock valued at $2,626,000 after buying an additional 29,400 shares during the period. Janney Montgomery Scott LLC increased its stake in Tile Shop by 9.2% in the first quarter. Janney Montgomery Scott LLC now owns 92,910 shares of the company’s stock worth $653,000 after purchasing an additional 7,805 shares during the period. Finally, SageView Advisory Group LLC purchased a new stake in Tile Shop in the first quarter worth $299,000. Hedge funds and other institutional investors own 36.66% of the company’s stock.

Tile Shop Stock Performance

TTSH stock traded up $0.07 during midday trading on Monday, reaching $7.05. The company’s stock had a trading volume of 145,168 shares, compared to its average volume of 114,483. The firm has a market capitalization of $313.94 million, a price-to-earnings ratio of 33.57 and a beta of 1.43. Tile Shop Holdings, Inc. has a 1 year low of $4.33 and a 1 year high of $7.67. The stock has a fifty day simple moving average of $6.77 and a two-hundred day simple moving average of $6.75.

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

Insider Activity at Tile Shop

In related news, major shareholder Fund 1 Investments, Llc purchased 10,000 shares of Tile Shop stock in a transaction that occurred on Tuesday, April 30th. The stock was bought at an average cost of $6.71 per share, for a total transaction of $67,100.00. Following the completion of the transaction, the insider now owns 6,058,446 shares in the company, valued at $40,652,172.66. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders purchased 889,828 shares of company stock worth $5,994,336. 36.60% of the stock is owned by corporate insiders.

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.