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

Tile Shop Holdings, Inc. (NASDAQ:TTSH) major shareholder Fund 1 Investments, Llc acquired 27,500 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The shares were bought at an average price of $6.91 per share, with a total value of $190,025.00. Following the acquisition, the insider now directly owns 7,114,594 shares of the company’s stock, valued at approximately $49,161,844.54. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 Monday, July 1st, Fund 1 Investments, Llc acquired 33,029 shares of Tile Shop stock. The shares were bought 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 acquired 34,000 shares of Tile Shop stock. The shares were bought at an average price of $6.85 per share, with a total value of $232,900.00.
• On Monday, June 24th, Fund 1 Investments, Llc bought 74,500 shares of Tile Shop stock. The stock was acquired at an average price of $6.97 per share, with a total value of $519,265.00.
• On Thursday, June 20th, Fund 1 Investments, Llc bought 28,000 shares of Tile Shop stock. The stock was acquired at an average price of $6.97 per share, with a total value of $195,160.00.
• On Monday, June 17th, Fund 1 Investments, Llc bought 88,500 shares of Tile Shop stock. The stock was acquired at an average price of $6.80 per share, with a total value of $601,800.00.
• On Friday, June 14th, Fund 1 Investments, Llc bought 55,500 shares of Tile Shop stock. The stock was acquired at an average price of $6.63 per share, with a total value of $367,965.00.
• On Wednesday, June 12th, Fund 1 Investments, Llc bought 26,000 shares of Tile Shop stock. The stock was acquired at an average price of $6.66 per share, with a total value of $173,160.00.
• On Monday, June 10th, Fund 1 Investments, Llc bought 70,500 shares of Tile Shop stock. The stock was acquired at an average price of $6.56 per share, with a total value of $462,480.00.
• On Friday, June 7th, Fund 1 Investments, Llc acquired 30,500 shares of Tile Shop stock. The stock was purchased at an average price of $6.66 per share, with a total value of $203,130.00.
• On Wednesday, June 5th, Fund 1 Investments, Llc acquired 8,141 shares of Tile Shop stock. The stock was purchased at an average price of $6.73 per share, with a total value of $54,788.93.

Tile Shop Trading Up 2.5 %

TTSH stock opened at $6.99 on Thursday. The firm has a 50 day moving average of $6.69 and a 200-day moving average of $6.78. Tile Shop Holdings, Inc. has a 12 month low of $4.33 and a 12 month high of $7.67. The firm has a market capitalization of $311.26 million, a P/E ratio of 33.29 and a beta of 1.43.

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

Hedge Funds Weigh In On Tile Shop

A number of large investors have recently modified their holdings of the company. Russell Investments Group Ltd. bought a new stake in Tile Shop during the first quarter valued at approximately $25,000. Gladius Capital Management LP bought a new stake in Tile Shop during the fourth quarter valued at approximately $38,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Tile Shop during the fourth quarter valued at approximately $95,000. BNP Paribas Financial Markets lifted its position in Tile Shop by 80.3% during the first quarter. BNP Paribas Financial Markets now owns 14,478 shares of the company’s stock valued at $102,000 after purchasing an additional 6,446 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in Tile Shop by 19.4% during the fourth quarter. SG Americas Securities LLC now owns 15,700 shares of the company’s stock valued at $116,000 after purchasing an additional 2,548 shares during the last quarter. 36.66% of the stock is currently owned by institutional investors.

About Tile Shop

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.