Bank of New York Mellon Corp Acquires 11,456 Shares of Tile Shop Holdings, Inc. (NASDAQ:TTSH)

Bank of New York Mellon Corp raised its holdings in shares of Tile Shop Holdings, Inc. (NASDAQ:TTSH) by 15.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,960 shares of the company’s stock after acquiring an additional 11,456 shares during the quarter. Bank of New York Mellon Corp owned about 0.20% of Tile Shop worth $603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in TTSH. Russell Investments Group Ltd. bought a new position in Tile Shop during the 1st quarter valued at approximately $25,000. BNP Paribas Financial Markets boosted its stake in shares of Tile Shop by 80.3% in the first quarter. BNP Paribas Financial Markets now owns 14,478 shares of the company’s stock worth $102,000 after acquiring an additional 6,446 shares during the period. Focus Financial Network Inc. ADV purchased a new position in shares of Tile Shop during the fourth quarter valued at about $118,000. Denali Advisors LLC grew its stake in shares of Tile Shop by 62.9% in the 1st quarter. Denali Advisors LLC now owns 34,200 shares of the company’s stock worth $240,000 after buying an additional 13,200 shares in the last quarter. Finally, SageView Advisory Group LLC purchased a new position in shares of Tile Shop in the 1st quarter worth approximately $299,000. 36.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Tile Shop

In other Tile Shop news, 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 purchased at an average cost of $6.91 per share, for a total transaction of $190,025.00. Following the completion of the acquisition, the insider now owns 7,114,594 shares of the company’s stock, valued at approximately $49,161,844.54. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders have purchased 618,742 shares of company stock valued at $4,138,777. 36.60% of the stock is owned by company insiders.

Tile Shop Trading Up 0.2 %

Shares of TTSH opened at $6.63 on Tuesday. Tile Shop Holdings, Inc. has a 12-month low of $4.33 and a 12-month high of $7.67. The firm has a fifty day moving average price of $6.40 and a 200-day moving average price of $6.63. The firm has a market capitalization of $295.21 million, a P/E ratio of 31.57 and a beta of 1.43.

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. Tile Shop had a net margin of 1.50% and a return on equity of 4.47%. The business had revenue of $91.38 million during 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.