Down 40% In Three Months, Tile Shop Insiders Scooping Up Shares -

Down 40% In Three Months, Tile Shop Insiders Scooping Up Shares

Feb 27, 2018Jeremy ParkinsonFinance0

New form 4 filings with the SEC have revealed that Tile Shop Holdings Inc (Nasdaq: TTS ) insiders have been selling large quantities of stock since last Thursday. With shares down -42.8% in the last 30 days, it’s worth taking a closer look at the company.

Insider Buying: Tile Shop

A number of insiders have been buying shares of Tile Shop according to recent form 4 filings with the SEC. Notable insiders include Peter Kamin (Chairman of the Board), Todd Kransnow (Director) and Peter Jacullo (Director), as shown in the table below. Total insider buying has totaled $3.7 million since last Thursday which is approximately 1.3% of Tile Shop’s total market capitalization.

Recent Tile Shop Holdings, Inc. Insider Transactions Insider Trading Relationship Date #Shares Value ($) Peter Kamin Chairman Feb 26 58,700 $314,632 Peter Kamin Chairman Feb 26 31,300 $167,768 Peter Jacullo Director Feb 26 150,000 $830,000 Peter Kamin Chairman Feb 23 58,700 $326,959 Peter Kamin Chairman Feb 23 31,300 $174,341 Peter Jacullo Director Feb 23 97,775 $546,151 Peter Kamin Chairman Feb 22 39,132 $219,922 Peter Kamin Chairman Feb 22 20,868 $117,278 Todd Kransnow Director Feb 22 20,000 $111,000 Peter Jacullo Director Feb 22 150,000 $875,000 TOTAL 657,775 $3,683,051

Peter Jacullo (Chairman) most recently bought $830k worth of shares on Monday, February 26th. This is what propelled me to take a closer look at the company’s insider activity.

Potential Reasons For Insider Activity

Tile Shop operates as a specialty retailer of manufactured and natural stone tiles, setting and maintenance materials, and related accessories in the United States. Analysts covering the stock often compare the company to a peer group that includes Lowe’s Companies (NYSE: LOW), Lumber Liquidators Holdings (NYSE: LL), Home Depot (NYSE: HD) and Restoration Hardware Holdings (NYSE: RH). Analyzing Tile Shop’s valuation metrics and ratios relative to its peer group offers insight into why insiders may be buying their shares.