Tennant (NYSE:TNC) insider Chris Killingstad sold 12,843 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $61.64, for a total value of $791,642.52. Following the completion of the transaction, the insider now directly owns 168,008 shares of the company’s stock, valued at $10,356,013.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
NYSE:TNC traded down $0.10 during trading hours on Friday, hitting $64.15. The company had a trading volume of 213,073 shares, compared to its average volume of 73,014. The firm has a market capitalization of $1.17 billion, a P/E ratio of 29.43 and a beta of 1.16. 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 has a 1 year low of $48.97 and a 1 year high of $86.03. The business’s 50-day moving average price is $60.10.
Tennant (NYSE:TNC) last released its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.09. Tennant had a return on equity of 14.20% and a net margin of 3.19%. The business had revenue of $262.50 million during the quarter, compared to analysts’ expectations of $278.30 million. During the same period in the prior year, the business posted $0.27 EPS. The company’s revenue was down 3.8% compared to the same quarter last year. On average, equities analysts expect that Tennant will post 2.45 earnings per share for the current year.
Separately, Zacks Investment Research upgraded Green Brick Partners from a “sell” rating to a “hold” rating in a report on Thursday, April 25th.
A number of hedge funds have recently bought and sold shares of the business. Quantamental Technologies LLC increased its position in Tennant by 79.9% during the first quarter. Quantamental Technologies LLC now owns 894 shares of the industrial products company’s stock worth $56,000 after buying an additional 397 shares during the last quarter. Marshall Wace North America L.P. purchased a new position in shares of Tennant in the first quarter worth about $85,000. Actinver Wealth Management Inc. purchased a new position in shares of Tennant in the fourth quarter worth about $216,000. Nisa Investment Advisors LLC increased its stake in shares of Tennant by 2,818.2% in the first quarter. Nisa Investment Advisors LLC now owns 3,210 shares of the industrial products company’s stock worth $199,000 after purchasing an additional 3,100 shares in the last quarter. Finally, Xact Kapitalforvaltning AB purchased a new position in shares of Tennant in the first quarter worth about $228,000. 84.41% of the stock is currently owned by institutional investors.
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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