Short Interest in Twin Disc, Incorporated (NASDAQ:TWIN) Declines By 18.5%

Twin Disc, Incorporated (NASDAQ:TWIN) was the recipient of 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. Currently, 0.9% of the shares of the stock are sold short. Based on an average daily volume of 23,200 shares, the short-interest ratio is presently 4.3 days.

Twin Disc Price Performance

Shares of NASDAQ TWIN traded down $0.49 during midday trading on Friday, reaching $11.31. 29,742 shares of the company traded hands, compared to its average volume of 37,727. Twin Disc has a 12 month low of $10.83 and a 12 month high of $18.00. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 2.23. The stock’s 50-day simple moving average is $11.92 and its 200-day simple moving average is $12.34. The firm has a market cap of $159.52 million, a PE ratio of 16.88 and a beta of 0.63.

Twin Disc Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were given 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 1.41%. Twin Disc’s dividend payout ratio (DPR) is presently 23.88%.

Analysts Set New Price Targets

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

Institutional Trading of Twin Disc

Large investors have recently added to or reduced their stakes in the company. Barclays PLC raised its stake in shares of Twin Disc by 280.7% in the third quarter. Barclays PLC now owns 14,863 shares of the industrial products company’s stock valued at $186,000 after acquiring an additional 10,959 shares during the last quarter. Geode Capital Management LLC raised its position in 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 valued at $3,134,000 after purchasing an additional 3,109 shares during the last quarter. State Street Corp raised its position in Twin Disc by 2.3% in the 3rd quarter. State Street Corp now owns 123,880 shares of the industrial products company’s stock valued at $1,547,000 after purchasing an additional 2,835 shares during the last quarter. MetLife Investment Management LLC boosted its stake in 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 worth $83,000 after purchasing an additional 3,767 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of Twin Disc by 753.6% during the third quarter. BNP Paribas Financial Markets now owns 15,502 shares of the industrial products company’s stock worth $194,000 after purchasing an additional 13,686 shares during the last quarter. 65.25% of the stock is owned by institutional investors.

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.