Gladius Capital Management LP Takes Position in Tile Shop Holdings, Inc. (NASDAQ:TTSH)

Gladius Capital Management LP acquired a new position in Tile Shop Holdings, Inc. (NASDAQ:TTSH) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 5,224 shares of the company’s stock, valued at approximately $38,000.

Other large investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in Tile Shop in the third quarter worth approximately $72,000. Strs Ohio raised 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 purchasing an additional 12,500 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in Tile Shop during the third quarter valued at $25,000. First Eagle Investment Management LLC lifted its position in Tile Shop by 30.4% during the third quarter. First Eagle Investment Management LLC now owns 318,784 shares of the company’s stock valued at $1,750,000 after purchasing an additional 74,250 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in Tile Shop during the third quarter valued at about $396,000. 36.66% of the stock is currently owned by institutional investors.

Tile Shop Stock Performance

Shares of NASDAQ TTSH traded down $0.14 during trading on Thursday, hitting $6.72. The company had a trading volume of 88,328 shares, compared to its average volume of 119,780. Tile Shop Holdings, Inc. has a 12 month low of $4.33 and a 12 month high of $7.67. The firm has a market capitalization of $299.11 million, a P/E ratio of 29.22 and a beta of 1.42. The stock has a 50 day simple moving average of $6.79 and a 200 day simple moving average of $6.60.

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

Insider Transactions at Tile Shop

In other news, major shareholder Fund 1 Investments, Llc bought 4,500 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were bought at an average price of $6.45 per share, for a total transaction of $29,025.00. Following the purchase, the insider now owns 5,394,271 shares in the company, valued at $34,793,047.95. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders bought a total of 1,278,860 shares of company stock valued at $8,637,669 over the last three months. Corporate insiders own 36.50% of the company’s stock.

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.