Lightrock Netherlands B.V. Has $8.32 Million Holdings in Tennant Company (NYSE:TNC)

Lightrock Netherlands B.V. grew its position in shares of Tennant Company (NYSE:TNC - Free Report) by 72.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 104,176 shares of the industrial products company's stock after buying an additional 43,676 shares during the period. Tennant comprises 2.2% of Lightrock Netherlands B.V.'s portfolio, making the stock its 21st largest position. Lightrock Netherlands B.V. owned 0.55% of Tennant worth $8,322,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Summit Investment Advisors Inc. lifted its holdings in Tennant by 7.7% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,983 shares of the industrial products company's stock worth $162,000 after buying an additional 142 shares during the last quarter. Accredited Investors Inc. lifted its holdings in shares of Tennant by 1.4% in the 4th quarter. Accredited Investors Inc. now owns 13,348 shares of the industrial products company's stock worth $1,088,000 after purchasing an additional 186 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of Tennant by 5.7% in the 4th quarter. Bank of Montreal Can now owns 3,672 shares of the industrial products company's stock worth $299,000 after purchasing an additional 199 shares during the last quarter. Albert D Mason Inc. raised its stake in Tennant by 2.0% during the 1st quarter. Albert D Mason Inc. now owns 10,011 shares of the industrial products company's stock valued at $798,000 after acquiring an additional 200 shares in the last quarter. Finally, Prentiss Smith & Co. Inc. raised its stake in Tennant by 0.6% during the 1st quarter. Prentiss Smith & Co. Inc. now owns 39,781 shares of the industrial products company's stock valued at $3,173,000 after acquiring an additional 218 shares in the last quarter. Institutional investors own 93.33% of the company's stock.

Tennant Stock Performance

Tennant stock traded up $0.50 during mid-day trading on Tuesday, hitting $81.43. 132,120 shares of the company's stock traded hands, compared to its average volume of 144,872. The firm has a 50 day moving average price of $75.35 and a 200 day moving average price of $79.20. The company has a quick ratio of 1.40, a current ratio of 2.14 and a debt-to-equity ratio of 0.34. The company has a market cap of $1.52 billion, a PE ratio of 22.75 and a beta of 1.05. Tennant Company has a one year low of $67.32 and a one year high of $110.45.

Tennant (NYSE:TNC - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $1.12 EPS for the quarter, missing analysts' consensus estimates of $1.38 by ($0.26). Tennant had a return on equity of 17.76% and a net margin of 5.40%. The firm had revenue of $290.00 million during the quarter, compared to the consensus estimate of $296.63 million. During the same period in the prior year, the firm posted $1.49 EPS. The firm's quarterly revenue was down 6.8% on a year-over-year basis. On average, equities analysts forecast that Tennant Company will post 5.89 EPS for the current year.

Tennant Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were paid a $0.295 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.18 dividend on an annualized basis and a yield of 1.45%. Tennant's dividend payout ratio (DPR) is currently 32.96%.

Tennant Company Profile

Tennant Company, together with its subsidiaries, designs, manufactures, and markets floor cleaning equipment in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers a suite of products, including floor maintenance and cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair services, and asset management solutions.