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

Twin Disc, Incorporated (NASDAQ:TWIN) was the recipient of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 95,300 shares, a growth of 36.7% from the January 31st total of 69,700 shares. Based on an average daily volume of 29,000 shares, the short-interest ratio is currently 3.3 days. Approximately 0.9% of the shares of the company are sold short.

Twin Disc Price Performance

TWIN stock traded up $0.11 during trading on Wednesday, reaching $8.26. The company’s stock had a trading volume of 14,173 shares, compared to its average volume of 28,003. The company has a quick ratio of 0.86, a current ratio of 2.11 and a debt-to-equity ratio of 0.15. The company’s fifty day moving average is $10.64 and its 200-day moving average is $11.63. The company has a market capitalization of $116.85 million, a P/E ratio of 12.31 and a beta of 0.62. Twin Disc has a 1 year low of $8.07 and a 1 year high of $18.00.

Twin Disc (NASDAQ:TWIN) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter. Twin Disc had a net margin of 2.92% and a return on equity of 4.24%.

Twin Disc Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were given a $0.04 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.94%. Twin Disc’s dividend payout ratio is currently 23.88%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Twin Disc from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th.

Institutional Trading of Twin Disc

A number of large investors have recently added to or reduced their stakes in the company. MetLife Investment Management LLC grew its holdings in shares of Twin Disc by 129.1% in the third quarter. MetLife Investment Management LLC now owns 6,685 shares of the industrial products company’s stock valued at $83,000 after purchasing an additional 3,767 shares in the last quarter. Deutsche Bank AG bought a new position in Twin Disc during the fourth quarter valued at $101,000. Bank of America Corp DE grew its stake in shares of Twin Disc by 75.7% in the 4th quarter. Bank of America Corp DE now owns 14,721 shares of the industrial products company’s stock worth $173,000 after buying an additional 6,344 shares in the last quarter. Barclays PLC increased its holdings in shares of Twin Disc by 280.7% in the 3rd quarter. Barclays PLC now owns 14,863 shares of the industrial products company’s stock worth $186,000 after buying an additional 10,959 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Twin Disc by 753.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 15,502 shares of the industrial products company’s stock valued at $194,000 after buying an additional 13,686 shares in the last quarter. Institutional investors own 65.25% of the company’s stock.

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.