Tile Shop Holdings, Inc. (NASDAQ:TTSH) Major Shareholder Purchases $1,398,920.79 in Stock

Posted by Erica Schwartz on Mar 28th, 2024

Tile Shop Holdings, Inc. (NASDAQ:TTSH – Get Free Report) major shareholder Fund 1 Investments, Llc bought 198,993 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The stock was purchased at an average cost of $7.03 per share, with a total value of $1,398,920.79. Following the completion of the purchase, the insider now directly owns 5,632,108 shares of the company’s stock, valued at approximately $39,593,719.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more 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 Tuesday, March 26th, Fund 1 Investments, Llc purchased 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 acquired 37,500 shares of Tile Shop stock. The stock was acquired at an average cost of $6.98 per share, with a total value of $261,750.00.
On Wednesday, March 20th, Fund 1 Investments, Llc bought 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 purchased 279,000 shares of Tile Shop stock. The stock was acquired at an average price of $6.51 per share, with a total value of $1,816,290.00.
On Thursday, March 14th, Fund 1 Investments, Llc purchased 10,000 shares of Tile Shop stock. The shares were bought at an average cost of $6.55 per share, for a total transaction of $65,500.00.
On Friday, March 8th, Fund 1 Investments, Llc bought 10,000 shares of Tile Shop stock. The shares were purchased at an average cost of $6.82 per share, with a total value of $68,200.00.
On Wednesday, March 6th, Fund 1 Investments, Llc acquired 32,500 shares of Tile Shop stock. The stock was 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 purchased 155,829 shares of Tile Shop stock. The shares were bought at an average price of $6.94 per share, with a total value 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 acquired 60,000 shares of Tile Shop stock. The stock was acquired at an average cost of $6.49 per share, for a total transaction of $389,400.00.

Tile Shop Stock Performance

TTSH traded up $0.06 during midday trading on Thursday, reaching $7.03. The company had a trading volume of 394,438 shares, compared to its average volume of 134,645. The stock has a market cap of $312.91 million, a PE ratio of 30.31 and a beta of 1.39. The business has a 50-day moving average price of $6.69 and a two-hundred day moving average price of $6.29. Tile Shop Holdings, Inc. has a 12-month low of $4.07 and a 12-month high of $7.67.

Tile Shop (NASDAQ:TTSH – Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $84.46 million for the quarter.

Institutional Investors Weigh In On Tile Shop

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its position in Tile Shop by 4.1% during the fourth quarter. JPMorgan Chase & Co. now owns 46,066 shares of the company’s stock valued at $202,000 after buying an additional 1,835 shares during the period. Stokes Family Office LLC increased its stake in shares of Tile Shop by 20.1% in the third 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. Bank of New York Mellon Corp raised its holdings in Tile Shop by 6.5% during the 1st quarter. Bank of New York Mellon Corp now owns 36,483 shares of the company’s stock valued at $239,000 after buying an additional 2,241 shares during the last quarter. SG Americas Securities LLC boosted its position in Tile Shop by 19.4% during the 4th 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 during the period. Finally, Northern Trust Corp grew its holdings in Tile Shop by 4.6% in the 1st quarter. Northern Trust Corp now owns 64,126 shares of the company’s stock worth $420,000 after acquiring an additional 2,837 shares during the last quarter. 36.66% of the stock is 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.