Denali Advisors LLC Acquires 13,200 Shares of Tile Shop Holdings, Inc. (NASDAQ:TTSH)

Denali Advisors LLC boosted its holdings in Tile Shop Holdings, Inc. (NASDAQ:TTSH) by 62.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,200 shares of the company’s stock after purchasing an additional 13,200 shares during the period. Denali Advisors LLC owned approximately 0.08% of Tile Shop worth $240,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Fund 1 Investments LLC boosted its position in shares of Tile Shop by 13.9% during the fourth quarter. Fund 1 Investments LLC now owns 5,100,446 shares of the company’s stock valued at $37,539,000 after purchasing an additional 620,899 shares in the last quarter. First Eagle Investment Management LLC increased its holdings in shares of Tile Shop by 7.9% during the fourth quarter. First Eagle Investment Management LLC now owns 344,084 shares of the company’s stock valued at $2,532,000 after acquiring an additional 25,300 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in Tile Shop by 17.0% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 144,857 shares of the company’s stock worth $795,000 after purchasing an additional 21,053 shares in the last quarter. Focus Financial Network Inc. ADV bought a new position in shares of Tile Shop in the fourth quarter worth approximately $118,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Tile Shop during the fourth quarter valued at approximately $95,000. 36.66% of the stock is owned by institutional investors.

Insider Activity

In other news, major shareholder Fund 1 Investments, Llc acquired 4,500 shares of the firm’s stock in a transaction dated Thursday, May 30th. The shares were purchased at an average cost of $6.41 per share, for a total transaction of $28,845.00. Following the transaction, the insider now directly owns 6,347,615 shares of the company’s stock, valued at $40,688,212.15. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders acquired a total of 937,666 shares of company stock valued at $6,234,219 in the last 90 days. Company insiders own 36.60% of the company’s stock.

Tile Shop Trading Up 2.5 %

TTSH stock traded up $0.17 during midday trading on Wednesday, hitting $6.99. The company’s stock had a trading volume of 52,124 shares, compared to its average volume of 114,179. The company has a market cap of $311.26 million, a PE ratio of 32.48 and a beta of 1.43. The firm’s 50-day moving average is $6.68 and its 200-day moving average is $6.78. 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 issued its earnings results on Thursday, May 9th. The company reported $0.04 earnings per share (EPS) for the quarter. The company had revenue of $91.73 million for the quarter. Tile Shop had a net margin of 2.52% and a return on equity of 7.77%.

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.