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Investors in Tile Shop Holdings, Inc. (NASDAQ:TTSH), currently trading at $6.51 with a market capitalization of $292.51 million, might find interest in recent activity from Pleasant Lake Partners LLC and its related entities, as indicated in a recent SEC Form 4 filing. According to InvestingPro analysis, the company maintains impressive gross profit margins and strong liquidity position. The report, covering transactions from March 24 to March 26, 2025, reveals a series of stock purchases totaling $144,568.
On March 24, the group acquired 5,000 shares at $6.6195 per share and an additional 1,000 shares at $6.4728 each. The following day, March 25, saw further acquisitions of 7,900 shares at $6.6521 per share and 1,000 shares at $6.5812. Finally, on March 26, they purchased 7,000 shares at $6.5522 per share.
These transactions highlight ongoing interest from Pleasant Lake Partners, a significant stakeholder, in Tile Shop Holdings. The purchases were made for the benefit of PLP Funds Master Fund LP and an additional private investment vehicle, as noted in the filing. The company maintains a healthy current ratio of 1.53, indicating strong short-term financial stability.
In other recent news, Tile Shop Holdings Inc . reported its financial results for the fourth quarter of 2024, revealing a miss in earnings and revenue expectations. The company posted an earnings per share (EPS) of -$0.01, falling short of the forecasted $0.01, while revenue came in at $79.45 million, below the projected $93.4 million. Despite these results, the company ended the year with a strong cash position of $21 million and no bank debt. Tile Shop Holdings plans to focus on optimizing its existing operations and does not intend to open new stores in 2025, although it anticipates closing two unprofitable locations. The company improved its annual gross margin by 130 basis points to 65.7%, demonstrating effective cost management. Comparable store sales decreased by 5.8% in the fourth quarter and by 7.8% for the full year, influenced by reduced consumer spending and elevated interest rates. CEO Kev Lomel and CFO Mark Davis expressed optimism about the potential recovery in the housing market, which could positively impact future performance. Tile Shop Holdings remains committed to curating a high-quality assortment of tile products and enhancing its competitive position.
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