Tile Shop Holdings, Inc. (NASDAQ:TTSH) Major Shareholder Acquires $246,420.00 in Stock

Posted by Rob Hiaasen on Apr 20th, 2024

Tile Shop Holdings, Inc. (NASDAQ:TTSH – Get Free Report) major shareholder Fund 1 Investments, Llc purchased 37,000 shares of Tile Shop stock in a transaction dated Wednesday, April 17th. The shares were purchased at an average price of $6.66 per share, with a total value of $246,420.00. Following the completion of the acquisition, the insider now owns 5,921,308 shares in the company, valued at $39,435,911.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 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, April 15th, Fund 1 Investments, Llc purchased 11,700 shares of Tile Shop stock. The shares were purchased at an average price of $6.82 per share, with a total value of $79,794.00.
On Wednesday, April 10th, Fund 1 Investments, Llc purchased 7,500 shares of Tile Shop stock. The shares were purchased at an average price of $6.84 per share, with a total value of $51,300.00.
On Monday, April 8th, Fund 1 Investments, Llc purchased 5,000 shares of Tile Shop stock. The shares were purchased at an average price of $7.00 per share, with a total value of $35,000.00.
On Friday, April 5th, Fund 1 Investments, Llc purchased 57,500 shares of Tile Shop stock. The shares were purchased at an average price of $6.96 per share, with a total value of $400,200.00.
On Wednesday, April 3rd, Fund 1 Investments, Llc purchased 50,000 shares of Tile Shop stock. The shares were purchased at an average price of $6.98 per share, with a total value of $349,000.00.
On Monday, April 1st, Fund 1 Investments, Llc purchased 25,000 shares of Tile Shop stock. The shares were purchased at an average price of $7.01 per share, with a total value of $175,250.00.
On Thursday, March 28th, Fund 1 Investments, Llc purchased 198,993 shares of Tile Shop stock. The shares were purchased at an average price of $7.03 per share, with a total value of $1,398,920.79.
On Tuesday, March 26th, Fund 1 Investments, Llc acquired 20,000 shares of Tile Shop stock. The stock was bought at an average cost of $6.96 per share, for a total transaction of $139,200.00.
On Friday, March 22nd, Fund 1 Investments, Llc acquired 37,500 shares of Tile Shop stock. The stock was bought at an average cost of $6.98 per share, for a total transaction of $261,750.00.
On Wednesday, March 20th, Fund 1 Investments, Llc acquired 24,000 shares of Tile Shop stock. The stock was bought at an average cost of $6.89 per share, for a total transaction of $165,360.00.

Tile Shop Stock Performance

Shares of TTSH stock opened at $6.34 on Friday. The stock’s 50 day simple moving average is $6.79 and its 200 day simple moving average is $6.45. Tile Shop Holdings, Inc. has a twelve month low of $4.17 and a twelve month high of $7.67. The company has a market capitalization of $282.19 million, a price-to-earnings ratio of 27.57 and a beta of 1.39.

Tile Shop (NASDAQ:TTSH – Get Free Report) last issued its quarterly earnings data on Thursday, February 29th. The company reported $0.01 earnings per share for the quarter. Tile Shop had a return on equity of 8.64% and a net margin of 2.67%. The business had revenue of $84.46 million for the quarter.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. First Eagle Investment Management LLC increased its position in Tile Shop by 30.4% in the 3rd quarter. First Eagle Investment Management LLC now owns 318,784 shares of the company’s stock worth $1,750,000 after buying an additional 74,250 shares during the period. Strs Ohio increased its position in Tile Shop by 568.2% in the 3rd quarter. Strs Ohio now owns 14,700 shares of the company’s stock worth $80,000 after buying an additional 12,500 shares during the period. Janney Montgomery Scott LLC bought a new position in Tile Shop in the 3rd quarter worth approximately $396,000. Stokes Family Office LLC increased its position in Tile Shop by 20.1% in the 3rd quarter. Stokes Family Office LLC now owns 13,171 shares of the company’s stock worth $72,000 after buying an additional 2,201 shares during the period. Finally, Punch & Associates Investment Management Inc. increased its position in Tile Shop by 1.1% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 835,796 shares of the company’s stock worth $4,589,000 after buying an additional 8,996 shares during the period. 36.66% of the stock is owned by 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.