Tile Shop Holdings, Inc. (NASDAQ:TTSH) Shares Sold by Wedbush Securities Inc.

Wedbush Securities Inc. trimmed its position in Tile Shop Holdings, Inc. (NASDAQ:TTSH) by 6.1% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 38,204 shares of the company’s stock after selling 2,500 shares during the period. Wedbush Securities Inc. owned 0.09% of Tile Shop worth $265,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of TTSH. Fund 1 Investments LLC boosted its stake in Tile Shop by 13.9% in the fourth quarter. Fund 1 Investments LLC now owns 5,100,446 shares of the company’s stock valued at $37,539,000 after acquiring an additional 620,899 shares during the period. Vanguard Group Inc. boosted its stake in Tile Shop by 0.8% in the first quarter. Vanguard Group Inc. now owns 1,298,881 shares of the company’s stock valued at $9,131,000 after acquiring an additional 10,062 shares during the period. First Eagle Investment Management LLC raised its holdings in shares of Tile Shop by 8.5% during the first quarter. First Eagle Investment Management LLC now owns 373,484 shares of the company’s stock valued at $2,626,000 after buying an additional 29,400 shares during the last quarter. Hillsdale Investment Management Inc. bought a new stake in shares of Tile Shop during the first quarter valued at approximately $2,417,000. Finally, O Shaughnessy Asset Management LLC raised its holdings in shares of Tile Shop by 5.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 140,548 shares of the company’s stock valued at $988,000 after buying an additional 7,268 shares during the last quarter. 36.66% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Tile Shop news, major shareholder Fund 1 Investments, Llc purchased 6,000 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were purchased at an average price of $5.95 per share, for a total transaction of $35,700.00. Following the completion of the transaction, the insider now owns 7,748,627 shares in the company, valued at approximately $46,104,330.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders have acquired 734,533 shares of company stock worth $4,965,749. 36.60% of the stock is owned by insiders.

Tile Shop Trading Up 2.1 %

TTSH opened at $6.35 on Friday. The business’s 50 day moving average is $6.45 and its 200-day moving average is $6.65. The stock has a market cap of $282.74 million, a PE ratio of 30.24 and a beta of 1.43. Tile Shop Holdings, Inc. has a twelve month low of $4.33 and a twelve month high of $7.67.

Tile Shop (NASDAQ:TTSH) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.03 earnings per share (EPS) for the quarter. The firm had revenue of $91.38 million for the quarter. Tile Shop had a net margin of 1.50% and a return on equity of 4.47%.

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. 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.