Gladius Capital Management LP Purchases New Stake in Tile Shop Holdings, Inc. (NASDAQ:TTSH)

Gladius Capital Management LP acquired a new position in Tile Shop Holdings, Inc. (NASDAQ:TTSH) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,224 shares of the company’s stock, valued at approximately $38,000.

Other hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Tile Shop in the 3rd quarter worth approximately $25,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Tile Shop during the 4th quarter valued at $95,000. SG Americas Securities LLC bought a new position in shares of Tile Shop during the 3rd quarter worth $72,000. Stokes Family Office LLC lifted its stake in shares of Tile Shop by 20.1% during the 3rd quarter. Stokes Family Office LLC now owns 13,171 shares of the company’s stock valued at $72,000 after buying an additional 2,201 shares in the last quarter. Finally, Strs Ohio boosted its holdings in Tile Shop by 568.2% in the 3rd quarter. Strs Ohio now owns 14,700 shares of the company’s stock worth $80,000 after buying an additional 12,500 shares during the period. Institutional investors own 36.66% of the company’s stock.

Insider Activity

In other news, major shareholder Fund 1 Investments, Llc acquired 4,500 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was bought at an average cost of $6.45 per share, for a total transaction of $29,025.00. Following the completion of the transaction, the insider now owns 5,394,271 shares of the company’s stock, valued at $34,793,047.95. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have purchased a total of 1,278,860 shares of company stock worth $8,637,669 over the last ninety days. Company insiders own 36.50% of the company’s stock.

Tile Shop Stock Performance

Tile Shop stock traded down $0.14 during mid-day trading on Thursday, reaching $6.72. The company’s stock had a trading volume of 88,328 shares, compared to its average volume of 119,780. The company has a market capitalization of $299.11 million, a P/E ratio of 29.22 and a beta of 1.42. The firm’s fifty day moving average price is $6.79 and its two-hundred day moving average price is $6.60. Tile Shop Holdings, Inc. has a 12-month low of $4.33 and a 12-month high of $7.67.

Tile Shop (NASDAQ:TTSH) last released its quarterly earnings data on Thursday, February 29th. The company reported $0.01 earnings per share (EPS) for the quarter. Tile Shop had a return on equity of 8.64% and a net margin of 2.67%. The company had revenue of $84.46 million for the quarter.

Tile Shop 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.