Tennant (NYSE:TNC) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 610,000 shares, an increase of 12.8% from the June 15th total of 540,600 shares. Currently, 3.4% of the company’s stock are short sold. Based on an average daily volume of 77,600 shares, the days-to-cover ratio is presently 7.9 days.

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

TNC stock traded up $1.10 on Friday, reaching $65.93. 66,651 shares of the company traded hands, compared to its average volume of 78,950. Tennant has a one year low of $48.97 and a one year high of $84.00. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.10 and a current ratio of 1.69. The company has a market cap of $1.20 billion, a P/E ratio of 30.24 and a beta of 1.16. The firm’s fifty day simple moving average is $62.03.

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

In other news, insider Chris Killingstad sold 12,843 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $66.29, for a total value of $851,362.47. Following the completion of the transaction, the insider now owns 168,008 shares in the company, valued at approximately $11,137,250.32. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Carol S. Eicher sold 1,335 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $58.97, for a total value of $78,724.95. Following the completion of the transaction, the director now owns 16,020 shares of the company’s stock, valued at approximately $944,699.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,277 shares of company stock valued at $1,869,069. 5.60% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of TNC. Great West Life Assurance Co. Can increased its stake in Tennant by 8.5% during the 4th quarter. Great West Life Assurance Co. Can now owns 25,280 shares of the industrial products company’s stock worth $1,214,000 after purchasing an additional 1,974 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Tennant by 5.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 653,327 shares of the industrial products company’s stock worth $34,045,000 after purchasing an additional 33,015 shares in the last quarter. Geode Capital Management LLC increased its stake in Tennant by 5.9% during the 4th quarter. Geode Capital Management LLC now owns 188,354 shares of the industrial products company’s stock worth $9,815,000 after purchasing an additional 10,572 shares in the last quarter. Stone Ridge Asset Management LLC increased its stake in Tennant by 94.1% during the 4th quarter. Stone Ridge Asset Management LLC now owns 8,002 shares of the industrial products company’s stock worth $417,000 after purchasing an additional 3,879 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Tennant by 0.8% during the 4th quarter. Principal Financial Group Inc. now owns 147,149 shares of the industrial products company’s stock worth $7,668,000 after purchasing an additional 1,213 shares in the last quarter. 84.42% of the stock is owned by institutional investors.

Tennant Company Profile

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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