Tidewater finance ’s cash reserves have moderately

Tidewater Finance’s cash reserves have moderately increased, bolstering solvency metrics tracked by credit rating agencies. Improved liquidity may allow the firm to seize growth opportunities without significant leverage risk. The state first approved a $50-million public subsidy package for the development in February 2021 after the segment north of I-95 had been eliminated, slimming the project down to 25 acres. Farther Finance Advisors LLC boosted its holdings in Tidewater Inc. ( NYSE:TDW - Free Report ) by 72.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,685 shares of the oil and gas company's stock after purchasing an additional 6,166 shares during the period. Farther Finance Advisors LLC's holdings in Tidewater were worth $677,000 as of its most recent filing with the Securities and Exchange Commission. For Tidewater Finance, management’s emphasis on diversified loan products may cushion against cyclical downturns. Stock forecasters tracking these fundamentals expect gradual price rises through year-end, assuming stable GDP growth in its markets.