NEW YORK - Fund 1 Investments, LLC has increased its holdings in Tile Shop (NASDAQ:TTSH) Holdings Inc (NASDAQ:TTSH), a player in the retail-cyclical industry, by acquiring additional shares, underscoring the investment firm's confidence in the tile company's prospects. As of Tuesday, Fund 1 Investments purchased 66,600 shares at $5.50 each, raising its total ownership to 4,838,236 shares and solidifying its position in the company at 10.94%.
Tile Shop Holdings, which has been publicly traded since November 19, 2010, manages distribution centers across various states and caters to a diverse clientele that includes consumers, contractors, designers, and home builders. It specializes in tiles and related accessories. The company boasts a market capitalization of $267.631 million with a stock price of $6.01.
The financial health of Tile Shop Holdings is rated at 5/10, while its profitability stands at 6/10. The firm maintains a cash to debt ratio of 0.12 and an interest coverage ratio of 6.37. With a PE Ratio of 24.04 and a GF Score of 75/100, the stock is considered fairly valued at a current GF Value of $6.14, which translates to a Price to GF Value ratio of 0.98.
Since the purchase by Fund 1 Investments, Tile Shop Holdings' stock has witnessed a gain of 9.27%, reflecting a positive market response. Moreover, there has been a significant year-to-date increase of 39.44%, although the stock has experienced a decline of 37.07% from its initial public offering price.
Fund 1 Investments is known for its value investing strategy and manages a portfolio worth $243 million comprising 66 stocks from sectors such as Consumer Cyclical and Consumer Defensive. The portfolio includes notable companies like Amazon.com Inc (NASDAQ:AMZN) and Children's Place Inc (NASDAQ:PLCE), alongside Tile Shop Holdings Inc .
The recent acquisition by Fund 1 Investments signifies a strategic move within the cyclical consumer goods sector and suggests potential growth for Tile Shop Holdings amid the dynamic retail landscape.
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