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Pleasant Lake Partners LLC and other affiliated entities have reported a series of insider purchases of Tile Shop Holdings, Inc. (NASDAQ:TTSH) stock, amounting to a total of $861,324. These transactions occurred over several days, with the prices per share ranging from $7.5248 to $7.6053. The stock currently trades at $7.56, near its 52-week high of $7.75, following an impressive 27.44% gain over the past six months. InvestingPro analysis reveals the company maintains strong gross profit margins of 65.76%.
The purchases were made by Fund 1 Investments, LLC, Pleasant Lake Partners LLC, and PLP Funds Master Fund LP, all of which are associated with investment adviser Pleasant Lake Partners LLC. The transactions saw a total acquisition of 113,600 shares, increasing the total number of shares owned by these entities to over 11 million. With a market capitalization of $337.17 million and a P/E ratio of 92.07, investors should note that the company is scheduled to report earnings on February 27, 2025. For deeper insights into insider trading patterns and comprehensive financial analysis, consider accessing the detailed Pro Research Report available on InvestingPro.
These acquisitions reflect continued interest and investment in Tile Shop Holdings by these significant shareholders, who are identified as ten percent owners of the company. The shares are held for the benefit of PLP Funds Master Fund LP and an additional private investment vehicle. The company maintains healthy liquidity with a current ratio of 1.52, indicating strong ability to meet short-term obligations.
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