Hillsdale Investment Management Inc. bought a new stake in Tile Shop Holdings, Inc. (NASDAQ:TTSH – Free Report) during the first quarter, HoldingsChannel.com reports. The fund bought 343,800 shares of the company’s stock, valued at approximately $2,417,000.
A number of other institutional investors and hedge funds also recently modified their holdings of TTSH. Russell Investments Group Ltd. bought a new stake in shares of Tile Shop in the 1st quarter valued at about $25,000. Gladius Capital Management LP bought a new stake in shares of Tile Shop in the 4th quarter valued at about $38,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Tile Shop in the 4th quarter valued at about $95,000. BNP Paribas Financial Markets raised its holdings in shares of Tile Shop by 80.3% in the 1st 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 period. Finally, SG Americas Securities LLC raised its holdings in shares of Tile Shop by 19.4% in the 4th 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 period. 36.66% of the stock is owned by institutional investors.
Insider Activity at Tile Shop
In related news, major shareholder Fund 1 Investments, Llc purchased 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were acquired at an average price of $6.71 per share, for a total transaction of $67,100.00. Following the purchase, the insider now owns 6,058,446 shares in the company, valued at $40,652,172.66. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have purchased 889,828 shares of company stock worth $5,994,336. Insiders own 36.60% of the company’s stock.
Tile Shop Stock Performance
Tile Shop (NASDAQ:TTSH – Get Free Report) last announced its quarterly earnings results 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 business had revenue of $91.73 million for the quarter.
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.
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