Twin Disc, Incorporated (NASDAQ:TWIN) Short Interest Update

Twin Disc, Incorporated (NASDAQ:TWIN) was the recipient of a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 121,400 shares, a drop of 24.4% from the November 15th total of 160,500 shares. Approximately 1.1% of the company’s shares are short sold. Based on an average daily volume of 21,900 shares, the short-interest ratio is currently 5.5 days.

Twin Disc Stock Up 0.6 %

Shares of NASDAQ:TWIN traded up $0.07 during trading on Friday, reaching $12.18. 13,120 shares of the company traded hands, compared to its average volume of 37,785. The firm has a fifty day simple moving average of $12.01 and a 200 day simple moving average of $12.51. The company has a quick ratio of 0.84, a current ratio of 2.23 and a debt-to-equity ratio of 0.27. Twin Disc has a 1-year low of $10.83 and a 1-year high of $18.00. The firm has a market cap of $171.74 million, a P/E ratio of 18.18 and a beta of 0.63.

Twin Disc Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were issued a $0.04 dividend. The ex-dividend date was Monday, November 18th. This represents a $0.16 dividend on an annualized basis and a yield of 1.31%. Twin Disc’s dividend payout ratio is currently 23.88%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Twin Disc from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 30th.

Hedge Funds Weigh In On Twin Disc

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TWIN. Vanguard Group Inc. increased its stake in shares of Twin Disc by 6.8% during the 1st quarter. Vanguard Group Inc. now owns 540,668 shares of the industrial products company’s stock worth $8,937,000 after purchasing an additional 34,425 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Twin Disc by 44.3% during the second quarter. Bank of New York Mellon Corp now owns 102,281 shares of the industrial products company’s stock valued at $1,205,000 after buying an additional 31,378 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Twin Disc by 1,037.8% in the second quarter. Rhumbline Advisers now owns 13,654 shares of the industrial products company’s stock worth $161,000 after buying an additional 12,454 shares during the last quarter. Segall Bryant & Hamill LLC bought a new stake in shares of Twin Disc during the 3rd quarter worth about $1,384,000. Finally, MetLife Investment Management LLC increased its holdings in shares of Twin Disc by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 6,685 shares of the industrial products company’s stock valued at $83,000 after acquiring an additional 3,767 shares during the last quarter. Institutional investors own 65.25% of the company’s stock.

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.