Short Interest in Twin Disc, Incorporated (NASDAQ:TWIN) Increases By 20.4%

Twin Disc, Incorporated (NASDAQ:TWIN) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 81,300 shares, a growth of 20.4% from the March 31st total of 67,500 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average daily volume of 25,900 shares, the days-to-cover ratio is currently 3.1 days.

Twin Disc Stock Down 1.1 %

NASDAQ TWIN opened at $16.56 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.22 and a quick ratio of 0.87. The stock has a market capitalization of $231.84 million, a PE ratio of 20.70 and a beta of 0.80. Twin Disc has a 1 year low of $9.14 and a 1 year high of $18.00. The business’s 50-day moving average is $16.27 and its 200 day moving average is $15.27.

Twin Disc (NASDAQ:TWIN) last posted its earnings results on Wednesday, February 7th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $72.99 million for the quarter. Twin Disc had a return on equity of 7.74% and a net margin of 3.75%.

Twin Disc Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were given a dividend of $0.04 per share. The ex-dividend date was Thursday, February 15th. This represents a $0.16 annualized dividend and a yield of 0.97%. Twin Disc’s payout ratio is 20.00%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Twin Disc

Several large investors have recently bought and sold shares of the company. Barclays PLC bought a new stake in Twin Disc during the 3rd quarter valued at approximately $35,000. Janney Montgomery Scott LLC boosted its position in Twin Disc by 17.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 39,115 shares of the industrial products company’s stock valued at $632,000 after acquiring an additional 5,942 shares in the last quarter. Victory Capital Management Inc. boosted its position in Twin Disc by 11.1% during the 4th quarter. Victory Capital Management Inc. now owns 96,416 shares of the industrial products company’s stock valued at $1,558,000 after acquiring an additional 9,663 shares in the last quarter. Ritholtz Wealth Management bought a new stake in shares of Twin Disc in the 4th quarter worth approximately $164,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in shares of Twin Disc in the 3rd quarter worth approximately $171,000. 65.25% of the stock is owned by institutional investors.

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.