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Tile Shop Holdings, Inc. (NASDAQ:TTSH), a specialty retailer with a market capitalization of $288.49 million, recently witnessed significant stock acquisitions by its major investors. According to a recent SEC filing, Pleasant Lake Partners LLC, PLP Funds Master Fund LP, and Fund 1 Investments, LLC collectively purchased a total of 66,500 shares of the company’s common stock. The transactions, which took place between March 7 and March 11, 2025, were executed at prices ranging from $6.4863 to $6.9202 per share, amounting to a total investment of $442,228. InvestingPro analysis indicates the stock is trading slightly above its Fair Value, with impressive gross profit margins of 65.66%.
These acquisitions reflect the ongoing interest and investment in Tile Shop Holdings by these entities. The shares are held for the benefit of PLP Funds Master Fund LP and another private investment vehicle advised by Pleasant Lake Partners LLC. Fund 1 Investments, LLC serves as the managing member of Pleasant Lake Partners LLC, with Jonathan Lennon acting as the managing member of Fund 1 Investments, LLC. Discover more comprehensive insights and 8 additional key ProTips about TTSH with a subscription to InvestingPro, including detailed analysis of the company’s financial health and growth potential.
In other recent news, Tile Shop Holdings reported its financial results for the fourth quarter of 2024, revealing a slight miss in earnings per share (EPS) compared to expectations. The company posted an EPS of -$0.01, falling short of the forecasted $0.01. Revenue for the quarter was $79.45 million, below the projected $93.4 million. Despite these results, the company ended the year with $21 million in cash and no bank debt, highlighting a strong cash position. Tile Shop Holdings plans to focus on optimizing existing operations, with no new store openings planned for 2025 and the closure of two unprofitable stores anticipated. The company improved its annual gross margin by 130 basis points to 65.7%, reflecting effective cost management. Analysts have not issued any new upgrades or downgrades for the company at this time. Management remains optimistic about a potential recovery in the housing market, which could bolster future performance.
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