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In recent transactions involving Tile Shop Holdings, Inc. (NASDAQ:TTSH), Fund 1 Investments, LLC, along with Pleasant Lake Partners LLC and PLP Funds Master Fund LP, acquired a significant amount of common stock in the $244 million market cap company. The purchases, which took place over several days, amounted to a total of $80,655. According to InvestingPro data, the stock has declined over 21% year-to-date, currently trading near its 52-week low of $5.15.
The transactions occurred on April 16 and 17, 2025, with shares being acquired at prices ranging from $5.3638 to $5.4087 per share. These acquisitions increased the total shares owned by the reporting parties, demonstrating continued interest and investment in Tile Shop Holdings, which maintains impressive gross profit margins of nearly 66%.
The reporting entities, all based in Rincon, Puerto Rico, are significant stakeholders, each holding over ten percent ownership in the company. The transactions were recorded in a recent SEC Form 4 filing, which provides a detailed account of these stock purchases.
Investors may find these transactions noteworthy as they reflect the ongoing investment activities of major stakeholders in Tile Shop Holdings, a company operating in the retail sector for home furniture, furnishings, and equipment stores.
In other recent news, Tile Shop Holdings Inc . reported its financial results for the fourth quarter of 2024, highlighting a miss in earnings and revenue expectations. The company recorded an earnings per share (EPS) of -$0.01, which was $0.02 below the forecasted $0.01. Revenue for the quarter was $79.45 million, falling short of the projected $93.4 million. Despite these results, Tile Shop Holdings ended the year with a strong cash position of $21 million and no bank debt. The company plans to focus on optimizing its existing operations rather than expanding its store footprint, with two unprofitable store closures anticipated in 2025. Analysts’ notes were not provided, but the company’s financial strategy appears to be aimed at navigating current market challenges. Tile Shop Holdings’ management remains optimistic about a potential recovery in the housing market, which could positively influence future performance. The company has also been working on expanding its selection of competitively priced products to attract a broader customer base.
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