Gabelli Funds LLC Reduces Stock Position in Twin Disc, Incorporated (NASDAQ:TWIN)

Gabelli Funds LLC decreased its holdings in Twin Disc, Incorporated (NASDAQ:TWIN) by 0.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 371,867 shares of the industrial products company’s stock after selling 1,200 shares during the period. Gabelli Funds LLC owned about 2.66% of Twin Disc worth $6,147,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Central Pacific Bank Trust Division bought a new stake in shares of Twin Disc in the 1st quarter valued at about $26,000. EntryPoint Capital LLC purchased a new stake in shares of Twin Disc during the first quarter valued at about $36,000. Ritholtz Wealth Management purchased a new stake in Twin Disc during the fourth quarter valued at approximately $164,000. O Shaughnessy Asset Management LLC boosted its stake in Twin Disc by 64.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 36,366 shares of the industrial products company’s stock valued at $601,000 after acquiring an additional 14,218 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in 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. 65.25% of the stock is currently owned by institutional investors.

Twin Disc Stock Up 2.7 %

Twin Disc stock traded up $0.39 during midday trading on Friday, reaching $14.94. The company’s stock had a trading volume of 33,913 shares, compared to its average volume of 136,059. Twin Disc, Incorporated has a 52-week low of $10.90 and a 52-week high of $18.00. The stock has a market capitalization of $209.16 million, a P/E ratio of 17.17 and a beta of 0.64. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.22 and a quick ratio of 0.90. The stock’s 50-day simple moving average is $13.13 and its 200-day simple moving average is $14.91.

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

Twin Disc Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 20th were given a $0.04 dividend. The ex-dividend date was Friday, May 17th. This represents a $0.16 dividend on an annualized basis and a yield of 1.07%. Twin Disc’s dividend payout ratio is currently 18.39%.

Insider Buying and Selling

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

About Twin Disc

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.