Insider Buying: Tile Shop Holdings, Inc. (NASDAQ:TTSH) Major Shareholder Buys 33,029 Shares of Stock

Posted by Samantha Reynolds on Jul 2nd, 2024

Tile Shop Holdings, Inc. (NASDAQ:TTSH – Get Free Report) major shareholder Fund 1 Investments, Llc acquired 33,029 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was bought at an average price of $6.84 per share, with a total value of $225,918.36. Following the purchase, the insider now directly owns 7,147,623 shares in the company, valued at approximately $48,889,741.32. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 10% 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 Friday, June 28th, Fund 1 Investments, Llc bought 27,500 shares of Tile Shop stock. The shares were acquired 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 acquired 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 acquired 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 acquired 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 acquired 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 acquired 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 purchased 26,000 shares of Tile Shop stock. The shares were purchased 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 purchased 70,500 shares of Tile Shop stock. The shares were purchased 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 shares were purchased 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 shares were purchased at an average cost of $6.73 per share, for a total transaction of $54,788.93.

Tile Shop Stock Down 1.4 %

TTSH traded down $0.10 during trading on Tuesday, hitting $6.82. 74,873 shares of the stock were exchanged, compared to its average volume of 114,672. The firm has a market capitalization of $303.69 million, a P/E ratio of 32.10 and a beta of 1.43. Tile Shop Holdings, Inc. has a 1-year low of $4.33 and a 1-year high of $7.67. The stock has a fifty day moving average price of $6.68 and a two-hundred day moving average price of $6.78.

Tile Shop (NASDAQ:TTSH – Get Free Report) last announced its earnings results on Thursday, May 9th. The company reported $0.04 earnings per share 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 for the quarter.

Institutional Trading of Tile Shop

Institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. purchased a new stake in shares of Tile Shop in the first quarter valued at approximately $25,000. Gladius Capital Management LP purchased a new stake in shares of Tile Shop in the fourth quarter valued at approximately $38,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Tile Shop in the fourth quarter valued at approximately $95,000. 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 valued at $102,000 after buying an additional 6,446 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Tile Shop by 19.4% in the fourth quarter. SG Americas Securities LLC now owns 15,700 shares of the company’s stock valued at $116,000 after buying an additional 2,548 shares in the last quarter. 36.66% of the stock is currently owned by hedge funds and other institutional investors.

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.