State of Alaska Department of Revenue Cuts Stock Position in Tennant (NYSE:TNC)

The State of Alaska Department of Revenue has recently announced that it has cut its stock position in Tennant Company (TNC) by approximately 10%. This decision was made after a thorough review of the company's financial performance and strategic direction.

Tennant Company is a leading provider of equipment rental services, with operations in North America, Europe, and Asia Pacific. The company has been in business for over 75 years and operates through two segments: Rental Equipment Services and Equipment Sales.

The State of Alaska Department of Revenue had previously invested in Tennant Company as part of its investment portfolio. However, after careful consideration, the department has decided to reduce its stock position due to concerns about the company's financial performance and strategic direction.

It is worth noting that this decision was made independently by the State of Alaska Department of Revenue and not based on any external factors or influences. The department will continue to closely monitor Tennant Company's performance and make adjustments as necessary to ensure the best possible return on investment for the state.