As Tennant Co (TNC) Stock Value Rose, Indaba Capital Management LP Has Lifted Stake

June 16, 2018 - By Louis Casey

Tennant Company (NYSE:TNC) LogoInvestors sentiment decreased to 0.98 in 2018 Q1. Its down 0.27, from 1.25 in 2017Q4. It dropped, 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. Fifth Third Bancorp holds 216 shares. Tower Cap Lc (Trc) invested 0.02% in Tennant Company (NYSE:TNC). Jpmorgan Chase And Com holds 0% or 11,738 shares in its portfolio. Manufacturers Life Insur Co The reported 13,092 shares. Massachusetts-based Geode Mngmt Lc has invested 0% in Tennant Company (NYSE:TNC). Parkside Finance Bank & Trust & has 0% invested in Tennant Company (NYSE:TNC) for 11 shares. Bnp Paribas Arbitrage Sa invested in 5,829 shares. Wells Fargo Co Mn owns 33,193 shares or 0% of their US portfolio. Jefferies Group Ltd stated it has 5,509 shares or 0% of all its holdings. Deutsche State Bank Ag reported 0% in Tennant Company (NYSE:TNC). Great West Life Assurance Company Can holds 0% or 23,976 shares. Barclays Pcl reported 0% of its portfolio in Tennant Company (NYSE:TNC). 239,865 were reported by Us Fincl Bank De. Moreover, Zeke Advsr Ltd Co has 0.08% invested in Tennant Company (NYSE:TNC). Arrowmark Colorado Limited Liability Corporation stated it has 2.21M shares or 1.49% of all its holdings.

Since January 11, 2018, it had 0 insider purchases, and 9 sales for $9.37 million activity. On Friday, April 6 PAULSON THOMAS sold $642,160 worth of Tennant Company (NYSE:TNC) or 9,296 shares. KILLINGSTAD CHRIS sold 44,272 shares worth $3.03M. Another trade for 415 shares valued at $30,293 was sold by Huml David W..

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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