Insider Buying: Tile Shop Holdings, Inc. (NASDAQ:TTSH) Major Shareholder Acquires $148,990.00 in Stock

Tile Shop Holdings, Inc. (NASDAQ:TTSH) major shareholder Fund 1 Investments, Llc acquired 23,500 shares of the stock in a transaction on Friday, November 17th. The stock was purchased at an average cost of $6.34 per share, with a total value of $148,990.00. Following the transaction, the insider now directly owns 4,867,236 shares of the company’s stock, valued at $30,858,276.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Wednesday, November 15th, Fund 1 Investments, Llc acquired 1,000 shares of Tile Shop stock. The stock was purchased at an average cost of $6.01 per share, with a total value of $6,010.00.
• On Wednesday, November 8th, Fund 1 Investments, Llc acquired 32,000 shares of Tile Shop stock. The stock was purchased at an average cost of $5.40 per share, with a total value of $172,800.00.
• On Monday, November 6th, Fund 1 Investments, Llc purchased 42,300 shares of Tile Shop stock. The shares were bought at an average cost of $5.26 per share, with a total value of $222,498.00.
• On Thursday, November 2nd, Fund 1 Investments, Llc purchased 37,718 shares of Tile Shop stock. The shares were bought at an average cost of $5.13 per share, with a total value of $193,493.34.
• On Monday, October 30th, Fund 1 Investments, Llc sold 23,000 shares of Tile Shop stock. The stock was sold at an average price of $4.63, for a total transaction of $106,490.00.
• On Thursday, October 26th, Fund 1 Investments, Llc sold 1,000 shares of Tile Shop stock. The stock was sold at an average price of $4.87, for a total transaction of $4,870.00.
• On Wednesday, September 6th, Fund 1 Investments, Llc sold 5,000 shares of Tile Shop stock. The stock was sold at an average price of $5.61, for a total transaction of $28,050.00.

Tile Shop Stock Performance

Tile Shop stock opened at $6.30 on Monday. The company has a market cap of $280.55 million, a PE ratio of 25.20 and a beta of 1.39. The company has a fifty day moving average price of $5.37 and a two-hundred day moving average price of $5.49. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.36. Tile Shop Holdings, Inc. has a 12 month low of $3.91 and a 12 month high of $6.51.

Analysts Set New Price Targets

Separately, TheStreet downgraded shares of Tile Shop from a “b-” rating to a “c” rating in a report on Thursday, November 2nd.

Hedge Funds Weigh In On Tile Shop

A number of hedge funds have recently added to or reduced their stakes in TTSH. Denali Advisors LLC bought a new stake in Tile Shop in the second quarter valued at $146,000. Fund 1 Investments LLC lifted its stake in Tile Shop by 28.9% in the first quarter. Fund 1 Investments LLC now owns 4,365,032 shares of the company’s stock valued at $20,472,000 after buying an additional 977,842 shares during the last quarter. Strs Ohio lifted its stake in Tile Shop by 568.2% in the third quarter. Strs Ohio now owns 14,700 shares of the company’s stock valued at $80,000 after buying an additional 12,500 shares during the last quarter. SG Americas Securities LLC bought a new stake in Tile Shop in the third quarter valued at $72,000. Finally, Punch & Associates Investment Management Inc. lifted its stake in Tile Shop by 1.1% in the third quarter. Punch & Associates Investment Management Inc. now owns 835,796 shares of the company’s stock valued at $4,589,000 after buying an additional 8,996 shares during the last quarter. Institutional investors and hedge funds own 35.08% of the company’s stock.

Tile Shop Company Profile

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. It offers natural stone products, such as marble, travertine, granite, quartz, sandstone, slate, and onyx tiles; and man-made products, including ceramic, porcelain, glass, cement, wood look, and metal and luxury vinyl tiles primarily under the Rush River and Fired Earth brands.