Tennant Co (TNC) Holder Indaba Capital Management LP Boosted Its Stake

June 16, 2018 - By Graig Alexander

Tennant Company (NYSE:TNC) LogoInvestors sentiment decreased to 0.98 in 2018 Q1. Its down 0.27, from 1.25 in 2017Q4. It worsened, as 13 investors sold TNC shares while 44 reduced holdings. 11 funds opened positions while 45 raised stakes. 15.09 million shares or 4.93% less from 15.88 million shares in 2017Q4 were reported. Teacher Retirement Systems Of Texas stated it has 3,914 shares or 0% of all its holdings. Sei holds 0% of its portfolio in Tennant Company (NYSE:TNC) for 18,035 shares. Vanguard accumulated 1.78M shares. Royal Bank & Trust Of Canada has 0% invested in Tennant Company (NYSE:TNC). Sfe Invest Counsel, California-based fund reported 23,216 shares. Brown Advisory invested 0% of its portfolio in Tennant Company (NYSE:TNC). Gamco Inc Et Al holds 0.18% or 384,718 shares. Ftb holds 0% of its portfolio in Tennant Company (NYSE:TNC) for 100 shares. California Employees Retirement has invested 0% in Tennant Company (NYSE:TNC). Cambridge Commerce accumulated 8,816 shares. State Board Of Administration Of Florida Retirement System holds 0% or 9,454 shares. Engineers Gate Manager LP reported 14,498 shares. Teton stated it has 49,300 shares or 0.32% of all its holdings. Dorsey & Whitney Tru Communication Ltd accumulated 0.3% or 24,031 shares. The Pennsylvania-based Zeke Capital Limited Com has invested 0.08% in Tennant Company (NYSE:TNC).

Since January 11, 2018, it had 0 insider buys, and 9 sales for $9.37 million activity. Shares for $48,472 were sold by Zay Richard H.. 415 shares valued at $30,293 were sold by Huml David W. on Tuesday, May 1. KILLINGSTAD CHRIS had sold 44,272 shares worth $3.03M.

Derek C. Schrier increased its stake in Tennant Co (TNC) by 812.14% based on its latest 2018Q1 regulatory filing with the SEC. Indaba Capital Management Lp bought 249,019 shares as the company’s stock rose 16.99% while stock markets declined. The hedge fund run by Derek C. Schrier held 279,681 shares of the industrial machinery and components company at the end of 2018Q1, valued at $18.93M, up from 30,662 at the end of the previous reported quarter. Indaba Capital Management Lp who had been investing in Tennant Co for a number of months, seems to be bullish on the $1.38 billion market cap company. The stock increased 1.45% or $1.1 during the last trading session, reaching $76.95. About 159,165 shares traded or 40.98% up from the average. Tennant Company (NYSE:TNC) has risen 11.94% since June 16, 2017 and is uptrending. It has underperformed by 0.63% the S&P500.

Another recent and important Tennant Company (NYSE:TNC) news was published by Globenewswire.com which published an article titled: “Report: Exploring Fundamental Drivers Behind Syros Pharmaceuticals, J & J Snack Foods, Wright Medical Group NV …” on May 21, 2018.

Tennant Company (NYSE:TNC) Institutional Positions Chart

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