AMH Equity Ltd Sells 49,983 Shares of Twin Disc, Incorporated (NASDAQ:TWIN)

AMH Equity Ltd reduced its position in shares of Twin Disc, Incorporated (NASDAQ:TWIN) by 6.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 700,000 shares of the industrial products company’s stock after selling 49,983 shares during the quarter. Twin Disc comprises about 11.3% of AMH Equity Ltd’s portfolio, making the stock its biggest position. AMH Equity Ltd owned approximately 5.00% of Twin Disc worth $11,571,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Citigroup Inc. purchased a new stake in shares of Twin Disc in the third quarter worth approximately $254,000. Ritholtz Wealth Management purchased a new stake in shares of Twin Disc in the fourth quarter worth approximately $164,000. Victory Capital Management Inc. raised its stake in shares of Twin Disc by 11.1% in the fourth quarter. Victory Capital Management Inc. now owns 96,416 shares of the industrial products company’s stock worth $1,558,000 after purchasing an additional 9,663 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Twin Disc by 17.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 39,115 shares of the industrial products company’s stock worth $632,000 after purchasing an additional 5,942 shares during the last quarter. Finally, Central Pacific Bank Trust Division purchased a new stake in shares of Twin Disc in the first quarter worth approximately $26,000. 65.25% of the stock is owned by institutional investors and hedge funds.

Twin Disc Stock Performance

Shares of TWIN traded up $0.24 on Friday, reaching $13.09. 40,507 shares of the company’s stock traded hands, compared to its average volume of 144,561. The company has a current ratio of 2.22, a quick ratio of 0.90 and a debt-to-equity ratio of 0.19. The stock has a market cap of $183.26 million, a PE ratio of 15.05 and a beta of 0.64. The stock’s 50 day simple moving average is $13.34 and its two-hundred day simple moving average is $15.04. Twin Disc, Incorporated has a 52-week low of $10.89 and a 52-week high of $18.00.

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

Twin Disc Dividend Announcement

The company also recently disclosed 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. This represents a $0.16 annualized dividend and a yield of 1.22%. The ex-dividend date was Friday, May 17th. Twin Disc’s dividend payout ratio (DPR) is 18.39%.

Insider Buying and Selling at Twin Disc

In other news, CEO John H. Batten sold 7,662 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $14.04, for a total value of $107,574.48. Following the completion of the transaction, the chief executive officer now directly owns 378,388 shares of the company’s stock, valued at $5,312,567.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 23.30% of the stock is owned by corporate insiders.

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.