Tennant (NYSE:TNC) Insider Chris Killingstad Sells 12,843 Shares

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Tennant (NYSE:TNC) insider Chris Killingstad sold 12,843 shares of Tennant stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $66.29, for a total transaction of $851,362.47. Following the completion of the sale, the insider now directly owns 168,008 shares of the company’s stock, valued at $11,137,250.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Chris Killingstad also recently made the following trade(s):

  • On Tuesday, June 18th, Chris Killingstad sold 12,843 shares of Tennant stock. The shares were sold at an average price of $61.64, for a total transaction of $791,642.52.

Tennant stock traded up $0.05 during midday trading on Thursday, reaching $65.71. 83,211 shares of the stock were exchanged, compared to its average volume of 73,998. The firm has a fifty day simple moving average of $60.72. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 30.16 and a beta of 1.16. Tennant has a 52 week low of $48.97 and a 52 week high of $86.03. The company has a current ratio of 1.69, a quick ratio of 1.10 and a debt-to-equity ratio of 1.03.

Tennant (NYSE:TNC) last announced its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.09. The company had revenue of $262.50 million during the quarter, compared to analysts’ expectations of $278.30 million. Tennant had a net margin of 3.19% and a return on equity of 14.20%. The firm’s revenue was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 EPS. As a group, analysts forecast that Tennant will post 2.45 EPS for the current year.

Separately, Zacks Investment Research upgraded shares of Green Brick Partners from a “sell” rating to a “hold” rating in a report on Thursday, April 25th.

A number of institutional investors and hedge funds have recently made changes to their positions in TNC. Quantamental Technologies LLC raised its holdings in Tennant by 79.9% in the 1st quarter. Quantamental Technologies LLC now owns 894 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 397 shares in the last quarter. Marshall Wace North America L.P. bought a new position in shares of Tennant in the 1st quarter worth about $85,000. Nisa Investment Advisors LLC increased its stake in Tennant by 2,818.2% during the 1st quarter. Nisa Investment Advisors LLC now owns 3,210 shares of the industrial products company’s stock valued at $199,000 after purchasing an additional 3,100 shares in the last quarter. Actinver Wealth Management Inc. bought a new stake in Tennant during the 4th quarter valued at about $216,000. Finally, Xact Kapitalforvaltning AB bought a new stake in Tennant during the 1st quarter valued at about $228,000. 84.41% of the stock is owned by institutional investors and hedge funds.

About Tennant

Tennant Company designs, manufactures, and markets floor cleaning equipment worldwide. The company offers a suite of products, including floor maintenance and outdoor cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair services, specialty surface coatings, and asset management solutions.

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