Insider Buying: Tile Shop Holdings, Inc. (NASDAQ:TTSH) Major Shareholder Purchases 19,302 Shares of Stock

Posted by Brian Wu on Sep 16th, 2024

Tile Shop Holdings, Inc. (NASDAQ:TTSH – Get Free Report) major shareholder Fund 1 Investments, Llc bought 19,302 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was acquired at an average price of $6.17 per share, for a total transaction of $119,093.34. Following the completion of the purchase, the insider now directly owns 7,768,929 shares in the company, valued at $47,934,291.93. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

On Monday, September 16th, Fund 1 Investments, Llc acquired 2,507 shares of Tile Shop stock. The shares were acquired at an average cost of $6.41 per share, with a total value of $16,069.87.
On Monday, September 9th, Fund 1 Investments, Llc bought 6,000 shares of Tile Shop stock. The stock was bought at an average cost of $5.95 per share, for a total transaction of $35,700.00.
On Thursday, September 5th, Fund 1 Investments, Llc purchased 20,500 shares of Tile Shop stock. The stock was bought at an average cost of $5.88 per share, with a total value of $120,540.00.
On Tuesday, September 3rd, Fund 1 Investments, Llc acquired 22,600 shares of Tile Shop stock. The shares were bought at an average price of $6.08 per share, for a total transaction of $137,408.00.
On Thursday, August 29th, Fund 1 Investments, Llc bought 20,500 shares of Tile Shop stock. The stock was bought at an average price of $6.09 per share, with a total value of $124,845.00.
On Tuesday, August 27th, Fund 1 Investments, Llc acquired 7,000 shares of Tile Shop stock. The stock was purchased at an average price of $6.05 per share, with a total value of $42,350.00.
On Tuesday, August 20th, Fund 1 Investments, Llc bought 8,000 shares of Tile Shop stock. The stock was purchased at an average price of $6.07 per share, with a total value of $48,560.00.
On Friday, August 16th, Fund 1 Investments, Llc purchased 3,500 shares of Tile Shop stock. The shares were acquired at an average price of $6.17 per share, for a total transaction of $21,595.00.
On Wednesday, August 14th, Fund 1 Investments, Llc acquired 13,300 shares of Tile Shop stock. The stock was acquired at an average price of $5.99 per share, with a total value of $79,667.00.
On Monday, August 12th, Fund 1 Investments, Llc bought 14,300 shares of Tile Shop stock. The stock was acquired at an average price of $5.93 per share, for a total transaction of $84,799.00.

Tile Shop Price Performance

NASDAQ TTSH traded up $0.05 during trading on Monday, hitting $6.40. 36,523 shares of the company’s stock traded hands, compared to its average volume of 102,806. The firm has a market cap of $284.97 million, a P/E ratio of 30.48 and a beta of 1.43. The stock has a fifty day moving average of $6.45 and a two-hundred day moving average of $6.64. Tile Shop Holdings, Inc. has a 12-month low of $4.33 and a 12-month high of $7.67.

Tile Shop (NASDAQ:TTSH – Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.03 earnings per share (EPS) for the quarter. Tile Shop had a return on equity of 4.47% and a net margin of 1.50%. The business had revenue of $91.38 million for the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. purchased a new stake in Tile Shop during the 1st quarter valued at $25,000. The Manufacturers Life Insurance Company raised its stake in shares of Tile Shop by 30.7% during the second quarter. The Manufacturers Life Insurance Company now owns 13,398 shares of the company’s stock valued at $93,000 after acquiring an additional 3,145 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Tile Shop by 80.3% during the first quarter. BNP Paribas Financial Markets now owns 14,478 shares of the company’s stock worth $102,000 after purchasing an additional 6,446 shares during the period. Focus Financial Network Inc. ADV bought a new stake in shares of Tile Shop in the fourth quarter worth about $118,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in Tile Shop during the 2nd quarter valued at about $157,000. 36.66% of the stock is owned by hedge funds and other institutional investors.

About Tile Shop

(Get Free Report)

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.