Tile Shop Holdings, Inc. (NASDAQ:TTSH) Major Shareholder Buys $173,160.00 in Stock

Posted by Faye Duncan on Jun 16th, 2024

Tile Shop Holdings, Inc. (NASDAQ:TTSH – Get Free Report) major shareholder Fund 1 Investments, Llc purchased 26,000 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was bought at an average price of $6.66 per share, for a total transaction of $173,160.00. Following the completion of the acquisition, the insider now directly owns 6,569,238 shares in the company, valued at approximately $43,751,125.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

On Monday, June 10th, Fund 1 Investments, Llc purchased 70,500 shares of Tile Shop stock. The stock was bought at an average price 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 bought at an average price 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 bought at an average price of $6.73 per share, for a total transaction of $54,788.93.
On Monday, June 3rd, Fund 1 Investments, Llc purchased 11,000 shares of Tile Shop stock. The stock was bought at an average price of $6.73 per share, for a total transaction of $74,030.00.
On Thursday, May 30th, Fund 1 Investments, Llc bought 4,500 shares of Tile Shop stock. The shares were acquired at an average price of $6.41 per share, for a total transaction of $28,845.00.
On Tuesday, May 28th, Fund 1 Investments, Llc bought 18,393 shares of Tile Shop stock. The shares were acquired at an average price of $6.55 per share, for a total transaction of $120,474.15.
On Friday, May 24th, Fund 1 Investments, Llc bought 9,000 shares of Tile Shop stock. The shares were acquired at an average price of $6.54 per share, for a total transaction of $58,860.00.
On Wednesday, May 22nd, Fund 1 Investments, Llc bought 34,347 shares of Tile Shop stock. The shares were acquired at an average price of $6.39 per share, for a total transaction of $219,477.33.
On Monday, May 20th, Fund 1 Investments, Llc bought 77,917 shares of Tile Shop stock. The shares were acquired at an average price of $6.20 per share, for a total transaction of $483,085.40.
On Friday, May 10th, Fund 1 Investments, Llc bought 30,501 shares of Tile Shop stock. The shares were acquired at an average price of $6.60 per share, for a total transaction of $201,306.60.

Tile Shop Stock Performance

Shares of TTSH opened at $6.67 on Friday. The stock has a 50-day moving average of $6.64 and a two-hundred day moving average of $6.76. Tile Shop Holdings, Inc. has a one year low of $4.33 and a one year high of $7.67. The stock has a market cap of $297.02 million, a P/E ratio of 31.76 and a beta of 1.38.

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

Institutional Trading of Tile Shop

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new stake in Tile Shop during the 1st quarter worth about $25,000. Gladius Capital Management LP acquired a new position in shares of Tile Shop in the 4th quarter valued at about $38,000. Stokes Family Office LLC lifted its holdings in shares of Tile Shop by 20.1% in the 3rd quarter. Stokes Family Office LLC now owns 13,171 shares of the company’s stock valued at $72,000 after buying an additional 2,201 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Tile Shop in the fourth quarter worth about $95,000. Finally, BNP Paribas Financial Markets boosted its stake in shares of Tile Shop by 80.3% in the first quarter. BNP Paribas Financial Markets now owns 14,478 shares of the company’s stock worth $102,000 after buying an additional 6,446 shares during the last quarter. Institutional investors and hedge funds own 36.66% of the company’s stock.

Tile Shop Company Profile

(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.