Short Interest in Tile Shop Holdings, Inc. (NASDAQ:TTSH) Declines By 21.9%

Tile Shop Holdings, Inc. (NASDAQ:TTSH - Get Free Report) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 280,400 shares, a decline of 21.9% from the March 15th total of 359,200 shares. Approximately 1.1% of the company's shares are sold short. Based on an average daily trading volume, of 136,500 shares, the days-to-cover ratio is presently 2.1 days.

Insider Activity

In other news, major shareholder Fund 1 Investments, Llc purchased 9,000 shares of Tile Shop stock in a transaction dated Thursday, January 25th. The shares were purchased at an average price of $6.66 per share, with a total value of $59,940.00. Following the transaction, the insider now owns 5,175,771 shares in the company, valued at $34,470,634.86. The purchase was disclosed in a document filed with the SEC, which is available through this link. In the last 90 days, insiders have bought 1,212,447 shares of company stock valued at $8,210,457. 36.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Tile Shop

Institutional investors have recently modified their holdings of the business. First Eagle Investment Management LLC grew its stake in shares of Tile Shop by 30.4% in the third quarter. First Eagle Investment Management LLC now owns 318,784 shares of the company's stock worth $1,750,000 after acquiring an additional 74,250 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Tile Shop in the third quarter worth $396,000. Stokes Family Office LLC grew its stake in shares of Tile Shop by 20.1% in the third quarter. Stokes Family Office LLC now owns 13,171 shares of the company's stock worth $72,000 after acquiring an additional 2,201 shares in the last quarter. Strs Ohio grew its stake in shares of Tile Shop by 568.2% in the third quarter. Strs Ohio now owns 14,700 shares of the company's stock worth $80,000 after acquiring an additional 12,500 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. grew its stake in shares of Tile Shop by 1.1% in the third quarter. Punch & Associates Investment Management Inc. now owns 835,796 shares of the company's stock worth $4,589,000 after acquiring an additional 8,996 shares in the last quarter. Institutional investors and hedge funds own 36.66% of the company's stock.

Tile Shop Stock Up 0.6 %

NASDAQ TTSH traded up $0.04 on Friday, reaching $6.93. The stock had a trading volume of 83,335 shares, compared to its average volume of 166,568. The firm has a market capitalization of $308.45 million, a price-to-earnings ratio of 30.13 and a beta of 1.39. Tile Shop has a 12-month low of $4.07 and a 12-month high of $7.67. The stock has a fifty day moving average price of $6.76 and a two-hundred day moving average price of $6.42.

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

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.