Insider Buying: Tile Shop Holdings, Inc. (NASDAQ:TTSH) Major Shareholder Acquires 27,500 Shares of Stock

Posted by William Tyler on Jul 5th, 2024

Tile Shop Holdings, Inc. (NASDAQ:TTSH – Get Free Report) major shareholder Fund 1 Investments, Llc acquired 27,500 shares of Tile Shop stock in a transaction dated Friday, June 28th. The stock was purchased at an average price of $6.91 per share, with a total value of $190,025.00. Following the completion of the purchase, the insider now directly owns 7,114,594 shares of the company’s stock, valued at approximately $49,161,844.54. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more 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, July 1st, Fund 1 Investments, Llc acquired 33,029 shares of Tile Shop stock. The stock was purchased at an average price of $6.84 per share, with a total value of $225,918.36.
On Wednesday, June 26th, Fund 1 Investments, Llc bought 34,000 shares of Tile Shop stock. The shares were bought at an average cost of $6.85 per share, for a total transaction of $232,900.00.
On Monday, June 24th, Fund 1 Investments, Llc bought 74,500 shares of Tile Shop stock. The shares were bought at an average cost of $6.97 per share, for a total transaction of $519,265.00.
On Thursday, June 20th, Fund 1 Investments, Llc bought 28,000 shares of Tile Shop stock. The shares were bought at an average cost of $6.97 per share, for a total transaction of $195,160.00.
On Monday, June 17th, Fund 1 Investments, Llc bought 88,500 shares of Tile Shop stock. The shares were bought at an average cost of $6.80 per share, for a total transaction of $601,800.00.
On Friday, June 14th, Fund 1 Investments, Llc bought 55,500 shares of Tile Shop stock. The shares were bought at an average cost of $6.63 per share, for a total transaction of $367,965.00.
On Wednesday, June 12th, Fund 1 Investments, Llc bought 26,000 shares of Tile Shop stock. The shares were bought at an average cost 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 cost of $6.56 per share, for a total transaction of $462,480.00.
On Friday, June 7th, Fund 1 Investments, Llc purchased 30,500 shares of Tile Shop stock. The stock was acquired at an average cost of $6.66 per share, for a total transaction of $203,130.00.
On Wednesday, June 5th, Fund 1 Investments, Llc purchased 8,141 shares of Tile Shop stock. The stock was acquired at an average cost of $6.73 per share, for a total transaction of $54,788.93.

Tile Shop Price Performance

Shares of Tile Shop stock opened at $6.99 on Friday. The firm has a market capitalization of $311.26 million, a PE ratio of 33.29 and a beta of 1.43. The company’s fifty day moving average price is $6.71 and its two-hundred day moving average price is $6.78. Tile Shop Holdings, Inc. has a 52-week low of $4.33 and a 52-week high of $7.67.

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

Institutional Investors Weigh In On Tile Shop

Institutional investors and hedge funds have recently bought and sold shares of the business. Fund 1 Investments LLC grew its holdings in shares of 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 last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Tile Shop in the 4th quarter worth about $95,000. First Eagle Investment Management LLC grew its holdings in shares of Tile Shop by 7.9% in the 4th quarter. First Eagle Investment Management LLC now owns 344,084 shares of the company’s stock worth $2,532,000 after purchasing an additional 25,300 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Tile Shop by 17.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 85,105 shares of the company’s stock worth $626,000 after purchasing an additional 12,921 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Tile Shop by 19.4% in the 4th quarter. SG Americas Securities LLC now owns 15,700 shares of the company’s stock worth $116,000 after purchasing an additional 2,548 shares during the last quarter. Institutional investors own 36.66% of the company’s stock.

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.