Tile Shop (NASDAQ:TTSH) Shares Down 0.5% – Here’s Why

Tile Shop Holdings, Inc. (NASDAQ:TTSH) fell 0.5% during trading on Monday . The stock traded as low as $6.57 and last traded at $6.58. 50,408 shares traded hands during trading, a decline of 47% from the average session volume of 94,244 shares. The stock had previously closed at $6.61.

Tile Shop Price Performance

The firm has a fifty day moving average price of $6.61 and a two-hundred day moving average price of $6.58. The stock has a market capitalization of $293.86 million, a PE ratio of 82.26 and a beta of 1.45.

Insiders Place Their Bets

In other Tile Shop news, major shareholder Fund 1 Investments, Llc purchased 20,500 shares of the stock in a transaction on Thursday, August 29th. The stock was acquired at an average price of $6.09 per share, with a total value of $124,845.00. Following the completion of the acquisition, the insider now owns 7,657,027 shares in the company, valued at $46,631,294.43. The trade was a 0.27 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. In the last ninety days, insiders bought 214,009 shares of company stock worth $1,360,302. 36.60% of the stock is currently owned by company insiders.

Institutional Trading of Tile Shop

Several institutional investors and hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. purchased a new stake in shares of Tile Shop during the 1st quarter valued at approximately $25,000. The Manufacturers Life Insurance Company grew its stake in Tile Shop by 30.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,398 shares of the company’s stock worth $93,000 after purchasing an additional 3,145 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Tile Shop during the second quarter worth approximately $157,000. Barclays PLC raised its holdings in Tile Shop by 122.1% during the third quarter. Barclays PLC now owns 52,039 shares of the company’s stock worth $343,000 after purchasing an additional 28,608 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new position in Tile Shop during the 1st quarter worth approximately $413,000. 36.66% of the stock is currently owned by institutional investors and hedge funds.

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.