Insider Buying: Tile Shop Holdings, Inc. (NASDAQ:TTSH) Major Shareholder Purchases 198,993 Shares of Stock

Posted by Brian Himes on Mar 28th, 2024

Tile Shop Holdings, Inc. (NASDAQ:TTSH – Get Free Report) major shareholder Fund 1 Investments, Llc purchased 198,993 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were acquired at an average cost of $7.03 per share, for a total transaction of $1,398,920.79. Following the completion of the transaction, the insider now directly owns 5,632,108 shares in the company, valued at $39,593,719.24. The purchase was disclosed in a filing with the SEC, which is available through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

On Tuesday, March 26th, Fund 1 Investments, Llc bought 20,000 shares of Tile Shop stock. The shares were acquired at an average price of $6.96 per share, with a total value of $139,200.00.
On Friday, March 22nd, Fund 1 Investments, Llc purchased 37,500 shares of Tile Shop stock. The stock was acquired at an average price 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 shares were bought at an average price of $6.89 per share, with a total value of $165,360.00.
On Monday, March 18th, Fund 1 Investments, Llc bought 279,000 shares of Tile Shop stock. The shares were purchased at an average cost of $6.51 per share, with a total value of $1,816,290.00.
On Thursday, March 14th, Fund 1 Investments, Llc acquired 10,000 shares of Tile Shop stock. The stock was purchased at an average cost of $6.55 per share, with a total value of $65,500.00.
On Friday, March 8th, Fund 1 Investments, Llc bought 10,000 shares of Tile Shop stock. The stock was purchased at an average price of $6.82 per share, for a total transaction of $68,200.00.
On Wednesday, March 6th, Fund 1 Investments, Llc acquired 32,500 shares of Tile Shop stock. The shares were purchased at an average cost of $6.78 per share, with a total value of $220,350.00.
On Thursday, February 29th, Fund 1 Investments, Llc bought 155,829 shares of Tile Shop stock. The shares were acquired at an average price of $6.94 per share, for a total transaction of $1,081,453.26.
On Tuesday, February 27th, Fund 1 Investments, Llc purchased 93,800 shares of Tile Shop stock. The shares were purchased at an average price of $6.89 per share, for a total transaction of $646,282.00.
On Thursday, February 22nd, Fund 1 Investments, Llc bought 60,000 shares of Tile Shop stock. The stock was bought at an average price of $6.49 per share, for a total transaction of $389,400.00.

Tile Shop Price Performance

Shares of TTSH stock traded up $0.06 during trading hours on Thursday, reaching $7.03. 394,438 shares of the company traded hands, compared to its average volume of 134,645. Tile Shop Holdings, Inc. has a 12-month low of $4.07 and a 12-month high of $7.67. The company has a market cap of $312.91 million, a P/E ratio of 30.31 and a beta of 1.39. The firm has a 50-day moving average price of $6.69 and a 200 day moving average price of $6.29.

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

Institutional Investors Weigh In On Tile Shop

Institutional investors and hedge funds have recently bought and sold shares of the company. Shay Capital LLC grew its stake in Tile Shop by 1,023.7% during the 4th quarter. Shay Capital LLC now owns 882,304 shares of the company’s stock worth $3,864,000 after buying an additional 803,786 shares during the last quarter. Fund 1 Investments LLC increased its stake in Tile Shop by 13.9% during the 4th quarter. Fund 1 Investments LLC now owns 5,100,446 shares of the company’s stock valued at $37,539,000 after purchasing an additional 620,899 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Tile Shop by 157.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 617,513 shares of the company’s stock valued at $2,705,000 after purchasing an additional 377,320 shares during the period. Northern Trust Corp lifted its holdings in shares of Tile Shop by 366.4% during the second quarter. Northern Trust Corp now owns 299,101 shares of the company’s stock worth $919,000 after purchasing an additional 234,975 shares during the period. Finally, State Street Corp increased its stake in shares of Tile Shop by 183.8% in the second quarter. State Street Corp now owns 361,283 shares of the company’s stock worth $1,109,000 after acquiring an additional 234,002 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.