Dec. 14 at 1:47 AM
$TTSH Tileshop (NASDAQ: TTSH) insiders are the most active in 2024, ranking first for the number of transactions. Tileshop stock is being scooped up by Fund 1 Investments, which now owns nearly 20% of the outstanding shares. It, along with insiders and private investors, a total of four owners, own more than 50% of the stock, making it one of the most closely held issues on Wall Street. Institutions, hedge funds, and private equity, which own nearly all the rest of the shares, are also buying in 2024 and have been supporting the price action.
Tileshop is struggling with a business contraction in 2024 but may revert to growth in 2025. Easing financial headwinds should broaden economic activity, including the housing market, and drive demand for Tileshop products. Until then, this small-cap stock is in a solid financial position with cash and assets rising, liability steady, low total leverage under 2x equity, and equity increasing.
