B. Riley Financial Inc. Cuts Stock Holdings in Tile Shop Holdings, Inc. (OTCMKTS:TTSH)

B. Riley Financial Inc. lessened its holdings in Tile Shop Holdings, Inc. (OTCMKTS:TTSHGet Rating) by 37.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,354,163 shares of the company’s stock after selling 824,855 shares during the period. Tile Shop comprises 1.5% of B. Riley Financial Inc.’s holdings, making the stock its 14th biggest position. B. Riley Financial Inc. owned 2.61% of Tile Shop worth $8,870,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Qube Research & Technologies Ltd boosted its position in Tile Shop by 42.0% during the first quarter. Qube Research & Technologies Ltd now owns 38,747 shares of the company’s stock valued at $254,000 after purchasing an additional 11,465 shares in the last quarter. Sciencast Management LP purchased a new position in shares of Tile Shop in the 1st quarter worth approximately $219,000. KB Financial Partners LLC bought a new position in shares of Tile Shop during the 4th quarter worth approximately $152,000. Kanen Wealth Management LLC lifted its position in Tile Shop by 6.3% during the fourth quarter. Kanen Wealth Management LLC now owns 3,622,905 shares of the company’s stock valued at $25,831,000 after acquiring an additional 215,460 shares during the last quarter. Finally, PDT Partners LLC acquired a new stake in Tile Shop in the fourth quarter valued at approximately $77,000. 55.17% of the stock is currently owned by institutional investors.

Tile Shop Stock Up 8.8 %

OTCMKTS TTSH traded up $0.35 during trading on Wednesday, hitting $4.32. The company’s stock had a trading volume of 333,927 shares, compared to its average volume of 242,247. Tile Shop Holdings, Inc. has a fifty-two week low of $2.70 and a fifty-two week high of $8.89. The company has a market cap of $225.76 million, a PE ratio of 14.18 and a beta of 1.57. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.42 and a quick ratio of 0.32. The business’s 50 day simple moving average is $3.46 and its 200-day simple moving average is $5.09.

Tile Shop (OTCMKTS:TTSHGet Rating) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.13 earnings per share (EPS) for the quarter. The business had revenue of $107.60 million during the quarter. Tile Shop had a net margin of 3.67% and a return on equity of 10.80%.

About Tile Shop

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Tile Shop Holdings, Inc operates as a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories in the United States. It offers natural stone products, such as marble, travertine, granite, quartz, sandstone, slate, and onyx tiles; and man-made products, including ceramic, porcelain, glass, cement, wood look, and metal tiles primarily under the Rush River and Fired Earth brands.

Further Reading

Institutional Ownership by Quarter for Tile Shop (OTCMKTS:TTSH)

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