On Monday, Puerto Rico-based Fund 1 Investments, LLC Trades Portfolio expanded its investment in specialty tile retailer Tile Shop (NASDAQ:TTSH) Holdings Inc (NASDAQ:TTSH), purchasing an additional 253,389 shares at $5.22 each. This latest acquisition brings the firm's total holdings to 4,708,936 shares, making up 10.07% of its portfolio and representing 10.57% of TTSH's total shares.
Fund 1 Investments, with equity worth $243 million and holdings in 66 stocks primarily from Consumer Cyclical and Consumer Defensive sectors, has shown increasing interest in TTSH. The tile retailer, which has a market capitalization of $240.021 million and a stock price of $5.39 as of today, boasts a GF-Score of 78/100 and a PE percentage of 18.31, indicating profitability.
Tile Shop Holdings' GF Value stands at $6.09, suggesting a modest undervaluation. Despite experiencing a year-to-date gain of 25.06%, the company's stock has declined by 43.56% since its initial public offering (IPO). However, following the transaction with Fund 1 Investments on Monday, the stock rose by 3.26%.
The company's Financial Strength, Profitability, and Growth Ranks are all rated at 5/10 or above, demonstrating its potential for stable growth despite market fluctuations. As such, Fund 1 Investments' increased stake in Tile Shop Holdings could be seen as an endorsement of the company's financial health and future prospects.
InvestingPro Insights
In light of our InvestingPro data, Tile Shop Holdings Inc (NASDAQ:TTSH) has a market cap of $236.46 million and a P/E ratio of 20.7, slightly higher than the PE percentage mentioned earlier. The company's revenue over the last twelve months as of Q3 2023 stands at $380.16 million, with a gross profit of $244.86 million, indicating impressive gross profit margins. It's worth noting, however, that the revenue growth has been on a downward trend, declining by 4.34%.
InvestingPro Tips suggest that the management has been actively buying back shares, which often signals confidence in the company's future. Moreover, TTSH's liquid assets exceed its short term obligations, providing it with financial stability. Despite not paying dividends to shareholders, the company has remained profitable over the last twelve months.
It's also worth noting that there are additional tips and insights available on the InvestingPro platform, which can offer further guidance to investors.
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