Landscape Capital Management L.L.C. Decreases Stake in Tri-Continental Co. (NYSE:TY)

Landscape Capital Management L.L.C. decreased its holdings in Tri-Continental Co. (NYSE:TY) by 25.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 63,788 shares of the investment management company’s stock after selling 21,293 shares during the quarter. Landscape Capital Management L.L.C. owned about 0.12% of Tri-Continental worth $2,021,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CoreFirst Bank & Trust purchased a new position in shares of Tri-Continental in the 4th quarter valued at about $35,000. Mezzasalma Advisors LLC acquired a new stake in shares of Tri-Continental during the 4th quarter valued at approximately $206,000. PNC Financial Services Group Inc. boosted its stake in shares of Tri-Continental by 115.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,848 shares of the investment management company’s stock worth $249,000 after acquiring an additional 4,209 shares in the last quarter. Level Four Advisory Services LLC acquired a new stake in shares of Tri-Continental in the 4th quarter worth approximately $259,000. Finally, Walleye Capital LLC acquired a new position in Tri-Continental during the third quarter worth $269,000. Institutional investors and hedge funds own 10.22% of the company’s stock.

Insiders Place Their Bets

In other Tri-Continental news, Director Pamela G. Carlton sold 1,815 shares of the firm’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $31.23, for a total transaction of $56,682.45. Following the completion of the transaction, the director now owns 101 shares of the company’s stock, valued at approximately $3,154.23. This trade represents a 94.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 8.66% of the stock is currently owned by company insiders.

Tri-Continental Price Performance

Tri-Continental stock opened at $28.14 on Friday. Tri-Continental Co. has a fifty-two week low of $27.91 and a fifty-two week high of $34.82. The stock’s fifty day moving average is $31.67 and its two-hundred day moving average is $32.49.

Tri-Continental Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 18th were given a dividend of $0.2766 per share. This represents a $1.11 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date was Tuesday, March 18th.

About Tri-Continental

Tri-Continental Corporation is a closed ended equity mutual fund launched and managed by Columbia Management Investment Advisers, LLC. It primarily invests in the public equity markets of the United States. The fund invests in stocks of companies that operate across diversified sectors. It seeks to invest in stocks of large-cap companies.