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Insider Insights: Tile Shop Holdings Witness $2M Purchase Amid Sales Decline

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U.S. stocks wrapped up Thursday on a high note, with some intriguing insider maneuvers unfolding beneath the surface.


Insider buys signify a deep-seated belief in a company’s future or a perceived discount on its shares – a beacon for prospective investors. While insider acquisitions should not serve as your sole investment compass, they can certainly embolden decision-making.


Peruse the snapshot below for insights into recent notable insider activities and explore more via Benzinga’s insider transactions platform.


Perrigo


  • The Lowdown: Perrigo Company plc PRGO CEO Patrick Lockwood-Taylor snagged 9,500 shares at an average $26.54 a pop, totaling about $252,168.
  • The Beat: On Feb. 27, Perrigo announced fourth-quarter 2023 net sales of $1.16 billion, just up 0.1% year-over-year, falling slightly shy of the $1.18 billion forecast.
  • Perrigo’s Call: With a focused pivot to consumer self-care since 2018, Perrigo stands towering as one of the globe’s top consumer health entities.




A-Mark Precious Metals


  • The Lowdown: A-Mark Precious Metals, Inc. AMRK Director Jess M Ravich procured 20,000 shares at an average cost of $25.63 apiece, shelling out $512,536.
  • The Beat: On Feb. 6, A-Mark Precious Metals stumbled with below-par second-quarter financial results.
  • A-Mark Precious Metals’ Niche: A-Mark trades in precious metals, predominantly wholesaling gold, silver, platinum, and palladium bullion, enhancing intangible value across the markets.


Swing by our premarket roundup for more insights!




Darling Ingredients


  • The Lowdown: Darling Ingredients Inc. DAR Director Kurt Stoffel snapped up 8,000 shares at an average price of $41.62, totaling around $332,960.
  • The Beat: On Feb. 27, Darling Ingredients reported lukewarm quarterly results.
  • Darling Ingredients’ Forte: Crafting sustainable solutions for a range of industries from pharma to food, Darling Ingredients remains a stalwart in eco-conscious production.


Tile Shop Holdings


  • The Lowdown: Tile Shop Holdings, Inc. TTSH 10% owner Pleasant Lake Onshore Feeder Fund LP invested in 282,629 shares at an average price of $6.92, incurring a total expense of $1.96 million.
  • The Beat: On Feb. 29, Tile Shop Holdings divulged a 3.4% year-over-year slump in fourth-quarter fiscal 2023 sales, landing at $84.46 million, trailing the $91.61 million consensus.
  • Tile Shop Holdings’ Speciality: A purveyor of natural stone and artificial tiles, Tile Shop Holdings spearheads the market with its comprehensive offerings in accessories, adhesives, and maintenance items.


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Discover more intriguing insights: Investor sentiment perks up post PCE report; Nasdaq breaches record high



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