Tile Shop Holdings, Inc. (NASDAQ:TTSH) Major Shareholder Acquires $87,500.00 in Stock

Tile Shop Holdings, Inc. (NASDAQ:TTSH) major shareholder Fund 1 Investments, Llc acquired 12,500 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were bought at an average cost of $7.00 per share, for a total transaction of $87,500.00. Following the completion of the acquisition, the insider now directly owns 7,435,623 shares of the company’s stock, valued at $52,049,361. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, July 23rd, Fund 1 Investments, Llc acquired 34,000 shares of Tile Shop stock. The shares were bought at an average cost of $7.05 per share, for a total transaction of $239,700.00.
• On Thursday, July 18th, Fund 1 Investments, Llc purchased 13,500 shares of Tile Shop stock. The stock was acquired at an average cost of $7.02 per share, for a total transaction of $94,770.00.
• On Tuesday, July 16th, Fund 1 Investments, Llc purchased 28,500 shares of Tile Shop stock. The stock was acquired at an average cost of $7.25 per share, for a total transaction of $206,625.00.
• On Friday, July 12th, Fund 1 Investments, Llc purchased 31,000 shares of Tile Shop stock. The stock was acquired at an average cost of $7.24 per share, for a total transaction of $224,440.00.
• On Wednesday, July 10th, Fund 1 Investments, Llc purchased 15,500 shares of Tile Shop stock. The stock was acquired at an average cost of $6.87 per share, for a total transaction of $106,485.00.
• On Friday, July 5th, Fund 1 Investments, Llc purchased 95,000 shares of Tile Shop stock. The stock was acquired at an average cost of $6.80 per share, for a total transaction of $646,000.00.
• On Wednesday, July 3rd, Fund 1 Investments, Llc purchased 10,000 shares of Tile Shop stock. The stock was acquired 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 purchased 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 bought 27,500 shares of Tile Shop stock. The shares were purchased at an average cost of $6.91 per share, for a total transaction of $190,025.00.
• On Wednesday, June 26th, Fund 1 Investments, Llc bought 34,000 shares of Tile Shop stock. The shares were purchased at an average cost of $6.85 per share, for a total transaction of $232,900.00.

Tile Shop Stock Down 4.0 %

TTSH stock opened at $6.93 on Friday. The company’s 50-day simple moving average is $6.86 and its 200-day simple moving average is $6.76. Tile Shop Holdings, Inc. has a 52-week low of $4.33 and a 52-week high of $7.67. The firm has a market cap of $308.59 million, a P/E ratio of 33.00 and a beta of 1.43.

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Fund 1 Investments LLC raised its position in shares of Tile Shop by 13.9% during 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 last quarter. Vanguard Group Inc. raised its position in shares of Tile Shop by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 1,298,881 shares of the company’s stock worth $9,131,000 after purchasing an additional 10,062 shares during the last quarter. First Eagle Investment Management LLC raised its position in shares of Tile Shop by 8.5% during the 1st quarter. First Eagle Investment Management LLC now owns 373,484 shares of the company’s stock worth $2,626,000 after purchasing an additional 29,400 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new stake in Tile Shop in the 1st quarter valued at about $2,417,000. Finally, O Shaughnessy Asset Management LLC raised its holdings in Tile Shop by 5.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 140,548 shares of the company’s stock valued at $988,000 after acquiring an additional 7,268 shares during the last quarter. Institutional investors and hedge funds own 36.66% of the company’s stock.

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.