STOCK TITAN

Tennant: Gabelli group reports 6% ownership

Gabelli- and GAMCO-affiliated entities disclose a 6% beneficial stake in Tennant Co, funded by about $10.6 million of recent share purchases mainly for advisory clients.

(Moderate)
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Tennant Co (TNC) is the subject of an amended Schedule 13D filing in which a group of investment entities affiliated with Mario Gabelli reports beneficial ownership of 1,022,610 shares of Tennant common stock, representing 6.00% of the 17,049,303 shares outstanding as of June 30, 2026.

The stake is primarily held through GAMCO Asset Management Inc. with 752,410 shares (4.41%) and Gabelli Funds, LLC with 241,700 shares (1.42%), with smaller holdings at Associated Capital Group, Gabelli Foundation, MJG Associates, Mario Gabelli personally, and Teton Advisors. The group used approximately $10.6 million, largely from client accounts, to purchase additional Tennant shares since the previous filing and is using the long-form Schedule 13D to facilitate ongoing communications with Tennant’s management while complying with Exchange Act reporting requirements.

Positive

  • None.

Negative

  • None.

Filing Explained

The amendment clarifies that client rights and voting limits apply to the group’s 6.00% stake, including 17,700 shares GAMCO cannot vote.

The September 22 amendment completes the group’s current ownership disclosure: it reports 1,022,610 shares, or 6.00%, and specifies who can vote or dispose of them, subject to stated exceptions.

The reported position includes shares held for investment clients, whose arrangements give those clients rights to dividends and sale proceeds. GAMCO reports sole dispositive power over 752,410 shares but says it cannot vote 17,700 of them; Gabelli Funds reports sole voting and dispositive power subject to fund proxy-committee provisions and a 25% aggregate voting limit.

The transaction table records additional purchases through September 21, 2026, including 500 shares at $66.2210, and also lists sales of 150 shares on August 27, 2026 and 700 shares on July 24, 2026.

The stated 6.00% ownership is based on 17,049,303 shares outstanding as of June 30, 2026; a later ownership amendment would be the filing path for changes after that reference point.

Beneficial ownership 1,022,610 shares Aggregate Tennant Co shares reported as beneficially owned by the group
Ownership percentage 6.00% Portion of Tennant Co’s 17,049,303 outstanding shares as of June 30, 2026
Shares outstanding 17,049,303 shares Tennant Co common shares outstanding per Form 10-Q for quarter ended June 30, 2026
GAMCO Asset Management stake 752,410 shares (4.41%) Tennant Co shares beneficially owned by GAMCO Asset Management Inc.
Gabelli Funds stake 241,700 shares (1.42%) Tennant Co shares beneficially owned by Gabelli Funds, LLC
Aggregate purchase amount $10.6 million Approximate funds used by all reporting persons to buy additional Tennant securities since the prior filing
GAMCO purchase amount $6.8 million Approximate client funds used by GAMCO to buy additional Tennant shares
Gabelli Funds purchase amount $3.8 million Approximate client funds used by Gabelli Funds to buy additional Tennant shares
Schedule 13D regulatory
"The Reporting Persons file the long form Schedule 13D pursuant to Section 13d-1"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
beneficially own financial
"The Reporting Persons beneficially own those Securities as follows"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
sole dispositive power financial
"has the sole power to vote or direct the vote and sole dispositive power"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
Proxy Voting Committee financial
"the Proxy Voting Committee of each Fund shall respectively vote that Funds shares"
Investment Advisers Act of 1940 regulatory
"an investment adviser registered under the Investment Advisers Act of 1940, as amended"
A U.S. federal law that sets rules for people and firms who give investment advice, requiring them to register with regulators, be honest about conflicts, keep records, and follow basic standards of care. It matters to investors because those rules act like licensing and consumer protections — similar to having safety standards for a mechanic — helping ensure advisers act in clients’ financial interests and reducing the risk of fraud or misuse of funds.
OTCQX market
"GBL, a public company whose stock is quoted on the OTCQX platform"
OTCQX is the highest tier of the over‑the‑counter (OTC) marketplaces where shares of companies that aren’t listed on major stock exchanges trade. Think of it as a “premium shelf” for OTC stocks: companies must meet stricter financial and disclosure standards, which can mean clearer information, potentially better investor confidence and somewhat easier trading than lower OTC tiers. Investors watch OTCQX listings as a signal of relative transparency and credibility among OTC-traded firms.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What ownership stake in TNC does the Gabelli/GAMCO group report in this Schedule 13D/A?

The reporting group states it beneficially owns 1,022,610 Tennant Co (TNC) shares, representing 6.00% of the 17,049,303 shares outstanding as reported in Tennant’s Form 10-Q for the quarter ended June 30, 2026.

Which entities hold the largest portions of the TNC stake in this filing?

The largest holders are GAMCO Asset Management Inc. with 752,410 shares (4.41%) and Gabelli Funds, LLC with 241,700 shares (1.42%), with smaller positions at Associated Capital Group, Gabelli Foundation, MJG Associates, Mario Gabelli, and Teton Advisors.

How much money did the reporting persons spend to buy additional TNC shares?

They report using an aggregate of approximately $10,626,024 to purchase additional Tennant Co securities since the most recent filing, including about $6,807,612 by GAMCO, $3,755,792 by Gabelli Funds, and $62,620 by Associated Capital Group.

Why did the Gabelli/GAMCO group choose a long-form Schedule 13D for TNC?

They state they are filing the long form Schedule 13D under Section 13d-1 of the Exchange Act, even though eligible for Schedule 13G, because they may regularly communicate with Tennant’s management and want those conversations to remain compliant with reporting obligations.

What voting and dispositive power do the reporting persons have over their TNC shares?

Each reporting person generally has sole voting and sole dispositive power over its reported Tennant shares, subject to exceptions such as certain GAMCO shares without voting authority and fund-level Proxy Voting Committees that may exercise voting power under specified circumstances.

What trading activity in TNC shares is disclosed for the recent period?

The filing lists multiple Tennant share purchases by Gabelli Funds and GAMCO Asset Management between July 24, 2026 and September 21, 2026, with individual trades typically in the hundreds or thousands of shares at prices mostly in the $66–$77 range.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Learn about SEC filing dates





880345103

(CUSIP Number)
DAVID GOLDMAN
191 MASON STREET,
GREENWICH, CT, 06830
914-921-50000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
09/21/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D


GAMCO INVESTORS, INC. ET AL
Signature:DAVID GOLDMAN
Name/Title:CHIEF LEGAL OFFICER
Date:09/22/2026
GABELLI FUNDS LLC
Signature:DAVID GOLDMAN
Name/Title:GENERAL COUNSEL
Date:09/22/2026
GAMCO Asset Management Inc.
Signature:DOUGLAS R. JAMIESON
Name/Title:PRESIDENT
Date:09/22/2026
GABELLI FOUNDATION, INC.
Signature:DAVID GOLDMAN
Name/Title:ATTORNEY-IN-FACT
Date:09/22/2026
MJG ASSOCIATES, INC.
Signature:DAVID GOLDMAN
Name/Title:ATTORNEY-IN-FACT
Date:09/22/2026
Teton Advisors, LLC
Signature:DAVID GOLDMAN
Name/Title:COUNSEL
Date:09/22/2026
GGCP, INC.
Signature:DAVID GOLDMAN
Name/Title:ATTORNEY-IN-FACT
Date:09/22/2026
Associated Capital Group, Inc.
Signature:DAVID GOLDMAN
Name/Title:GENERAL COUNSEL
Date:09/22/2026
GABELLI MARIO J
Signature:DAVID GOLDMAN
Name/Title:ATTORNEY-IN-FACT
Date:09/22/2026

Keep reading