Twin Disc, Incorporated (NASDAQ:TWIN) Short Interest Down 18.5% in December

Twin Disc, Incorporated (NASDAQ:TWIN) saw a significant decrease in short interest in December. As of December 15th, there was short interest totalling 99,000 shares, a decrease of 18.5% from the November 30th total of 121,400 shares. Based on an average daily volume of 23,200 shares, the short-interest ratio is currently 4.3 days. Approximately 0.9% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its holdings in Twin Disc by 3.1% in the second quarter. Dimensional Fund Advisors LP now owns 555,283 shares of the industrial products company’s stock valued at $6,541,000 after buying an additional 16,452 shares during the period. Royce & Associates LP lifted its stake in shares of Twin Disc by 1.0% in the 3rd quarter. Royce & Associates LP now owns 398,212 shares of the industrial products company’s stock valued at $4,974,000 after purchasing an additional 3,786 shares during the period. Gabelli Funds LLC lifted its stake in shares of Twin Disc by 4.3% in the 2nd quarter. Gabelli Funds LLC now owns 388,024 shares of the industrial products company’s stock valued at $4,571,000 after purchasing an additional 16,157 shares during the period. Geode Capital Management LLC boosted its position in shares of Twin Disc by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 250,924 shares of the industrial products company’s stock worth $3,134,000 after purchasing an additional 3,109 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Twin Disc by 33.2% during the second quarter. Renaissance Technologies LLC now owns 131,193 shares of the industrial products company’s stock worth $1,545,000 after purchasing an additional 32,673 shares during the period. Institutional investors own 65.25% of the company’s stock.

Twin Disc Trading Down 4.2 %

Shares of NASDAQ TWIN traded down $0.49 during midday trading on Friday, hitting $11.31. The stock had a trading volume of 29,742 shares, compared to its average volume of 37,727. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.23 and a quick ratio of 0.84. Twin Disc has a fifty-two week low of $10.83 and a fifty-two week high of $18.00. The firm has a market cap of $159.52 million, a P/E ratio of 16.88 and a beta of 0.63. The company’s 50-day simple moving average is $11.92 and its 200 day simple moving average is $12.34.

Twin Disc Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were given a dividend of $0.04 per share. The ex-dividend date was Monday, November 18th. This represents a $0.16 dividend on an annualized basis and a yield of 1.41%. Twin Disc’s payout ratio is presently 23.88%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Twin Disc from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 30th.

About Twin Disc

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.