Twin Disc, Incorporated (NASDAQ:TWIN) Sees Significant Growth in Short Interest

Twin Disc, Incorporated (NASDAQ:TWIN) was the target of a large growth in short interest in May. As of May 31st, there was short interest totalling 244,100 shares, a growth of 26.0% from the May 15th total of 193,800 shares. Based on an average trading volume of 53,100 shares, the short-interest ratio is presently 4.6 days. Approximately 2.2% of the company’s shares are short sold.

Institutional Investors Weigh In On Twin Disc

A number of hedge funds have recently made changes to their positions in the stock. IFP Advisors Inc bought a new position in Twin Disc in the first quarter worth about $805,000. Pacific Ridge Capital Partners LLC grew its stake in Twin Disc by 16.1% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 565,277 shares of the industrial products company’s stock valued at $6,642,000 after purchasing an additional 78,378 shares during the last quarter. Grace & White Inc. NY increased its holdings in Twin Disc by 25.7% in the 1st quarter. Grace & White Inc. NY now owns 269,247 shares of the industrial products company’s stock worth $2,038,000 after buying an additional 55,111 shares during the period. Gamco Investors INC. ET AL increased its stake in shares of Twin Disc by 2.7% in the first quarter. Gamco Investors INC. ET AL now owns 1,673,799 shares of the industrial products company’s stock worth $12,671,000 after acquiring an additional 43,647 shares during the period. Finally, US Bancorp DE purchased a new stake in Twin Disc in the first quarter valued at $307,000. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Twin Disc Trading Up 3.2%

NASDAQ:TWIN opened at $8.07 on Thursday. Twin Disc has a one year low of $6.16 and a one year high of $14.98. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.86 and a current ratio of 2.11. The firm has a market cap of $114.19 million, a P/E ratio of 27.83 and a beta of 0.77. The firm has a 50-day simple moving average of $7.19 and a 200-day simple moving average of $9.06.

Twin Disc (NASDAQ:TWIN) last issued its quarterly earnings data on Wednesday, May 7th. The industrial products company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.32). The business had revenue of $812.42 million for the quarter, compared to analysts’ expectations of $93.30 million. Twin Disc had a net margin of 1.25% and a return on equity of 0.75%.

Twin Disc Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were issued a $0.04 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.98%. Twin Disc’s dividend payout ratio is presently 55.17%.

Analyst Ratings Changes

TWIN has been the subject of several research analyst reports. Longbow Research started coverage on shares of Twin Disc in a research note on Thursday, April 17th. They set a “buy” rating and a $12.00 price target for the company. Wall Street Zen lowered Twin Disc from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 16th.

Twin Disc Company Profile

Twin Disc, Incorporated engages in the design, manufacture, and sale of 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.