Short Interest in Twin Disc, Incorporated (NASDAQ:TWIN) Decreases By 46.9%

Twin Disc, Incorporated (NASDAQ:TWIN) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 25,200 shares, a decrease of 46.9% from the May 31st total of 47,500 shares. Based on an average daily trading volume, of 38,800 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, TheStreet raised shares of Twin Disc from a “c+” rating to a “b-” rating in a research report on Monday, March 11th.

Insider Activity

In other news, CEO John H. Batten sold 7,662 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $14.04, for a total value of $107,574.48. Following the completion of the sale, the chief executive officer now owns 378,388 shares of the company’s stock, valued at approximately $5,312,567.52. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 23.30% of the company’s stock.

Institutional Investors Weigh In On Twin Disc

A number of hedge funds have recently added to or reduced their stakes in TWIN. Barclays PLC acquired a new stake in Twin Disc during the 3rd quarter worth approximately $35,000. Acadian Asset Management LLC lifted its holdings in Twin Disc by 31.5% during the 3rd quarter. Acadian Asset Management LLC now owns 54,123 shares of the industrial products company’s stock worth $740,000 after buying an additional 12,971 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in Twin Disc during the 3rd quarter worth approximately $171,000. Citigroup Inc. acquired a new stake in shares of Twin Disc in the 3rd quarter valued at $254,000. Finally, Ritholtz Wealth Management acquired a new stake in shares of Twin Disc in the 4th quarter valued at $164,000. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Twin Disc Trading Up 1.6 %

Shares of NASDAQ:TWIN traded up $0.18 during mid-day trading on Friday, reaching $11.78. 1,466,476 shares of the company were exchanged, compared to its average volume of 55,728. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.22 and a quick ratio of 0.90. The firm has a market cap of $164.92 million, a price-to-earnings ratio of 13.54 and a beta of 0.66. The firm’s 50-day simple moving average is $14.10 and its 200 day simple moving average is $15.23. Twin Disc has a 1 year low of $10.89 and a 1 year high of $18.00.

Twin Disc (NASDAQ:TWIN) last posted its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.27 earnings per share for the quarter. The firm had revenue of $74.16 million during the quarter. Twin Disc had a net margin of 4.13% and a return on equity of 8.42%.

Twin Disc Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 20th were issued a dividend of $0.04 per share. The ex-dividend date was Friday, May 17th. This represents a $0.16 dividend on an annualized basis and a yield of 1.36%. Twin Disc’s dividend payout ratio (DPR) is presently 18.39%.

Twin Disc Company Profile

Twin Disc, Incorporated designs, manufactures, and sells marine and heavy duty off-highway power transmission equipment in the United States, the Netherlands, China, Australia, Italy, and internationally. The company operates in two segments, Manufacturing and Distribution. Its principal products include marine transmissions, azimuth drives, surface drives, propellers, and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and controls systems.