Tile Shop Holdings, Inc. (NASDAQ:TTSH - Get Free Report) shares were down 0.5% on Monday . The company traded as low as $6.57 and last traded at $6.58. Approximately 50,408 shares traded hands during trading, a decline of 47% from the average daily volume of 94,244 shares. The stock had previously closed at $6.61.
Tile Shop Stock Performance
The company has a market capitalization of $290.74 million, a PE ratio of 82.26 and a beta of 1.45. The firm has a fifty day simple moving average of $6.61 and a 200-day simple moving average of $6.58.
Insider Transactions at Tile Shop
In other Tile Shop news, major shareholder Fund 1 Investments, Llc bought 22,600 shares of Tile Shop stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased at an average cost of $6.08 per share, for a total transaction of $137,408.00. Following the completion of the acquisition, the insider now owns 7,710,127 shares of the company's stock, valued at approximately $46,877,572.16. This represents a 0.29 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders have purchased 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
Hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. acquired a new position in Tile Shop in the 1st quarter valued at approximately $25,000. The Manufacturers Life Insurance Company raised its holdings in shares of Tile Shop by 30.7% in 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 stake in shares of Tile Shop in the second quarter valued at approximately $157,000. Barclays PLC raised 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 acquiring an additional 28,608 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new position in Tile Shop during the 1st quarter valued at about $413,000. Hedge funds and other institutional investors own 36.66% of the company's stock.
Tile Shop Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Tile Shop, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tile Shop wasn't on the list.
While Tile Shop currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
