Tile Shop (NASDAQ:TTSH) Trading Down 0.5% – What’s Next?

Tile Shop Holdings, Inc. (NASDAQ:TTSH) traded down 0.5% during trading on Monday . The company traded as low as $6.57 and last traded at $6.58. 50,408 shares were traded 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 Stock Down 0.5 %

The company has a 50 day simple moving average of $6.61 and a 200 day simple moving average of $6.58. The company has a market capitalization of $293.86 million, a price-to-earnings ratio of 82.26 and a beta of 1.45.

Insider Activity

In other news, major shareholder Fund 1 Investments, Llc acquired 27,900 shares of Tile Shop stock in a transaction that occurred on Friday, September 20th. The shares were purchased at an average cost of $6.65 per share, for a total transaction of $185,535.00. Following the completion of the purchase, the insider now directly owns 7,825,836 shares of the company’s stock, valued at $52,041,809.40. This trade represents a 0.36 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last three months, insiders acquired 214,009 shares of company stock worth $1,360,302. 36.60% of the stock is currently owned by insiders.

Institutional Trading of Tile Shop

A number of institutional investors and hedge funds have recently made changes to their positions in TTSH. Russell Investments Group Ltd. bought a new stake in Tile Shop in the 1st quarter valued at about $25,000. The Manufacturers Life Insurance Company raised its holdings in shares of Tile Shop by 30.7% during the second quarter. The Manufacturers Life Insurance Company now owns 13,398 shares of the company’s stock valued at $93,000 after buying an additional 3,145 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Tile Shop during the second quarter worth approximately $157,000. Barclays PLC boosted its position in shares of 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 buying an additional 28,608 shares during the period. Finally, Quadrature Capital Ltd bought a new position in Tile Shop in 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.