Twin Disc, Incorporated (NASDAQ:TWIN) Sees Large Growth in Short Interest

Twin Disc, Incorporated (NASDAQ:TWIN) was the target of a significant growth in short interest in 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. Approximately 0.9% of the company’s stock are short sold. Based on an average trading volume of 29,000 shares, the short-interest ratio is currently 3.3 days.

Institutional Investors Weigh In On Twin Disc

Several large investors have recently bought and sold shares of TWIN. MetLife Investment Management LLC boosted 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. Deutsche Bank AG bought a new position in Twin Disc during the fourth quarter valued at approximately $101,000. Bank of America Corp DE boosted its holdings in Twin Disc by 75.7% in the fourth quarter. Bank of America Corp DE now owns 14,721 shares of the industrial products company’s stock worth $173,000 after purchasing an additional 6,344 shares during the last quarter. Barclays PLC grew its position in 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 purchasing an additional 10,959 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in 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 during the last quarter. 65.25% of the stock is currently owned by institutional investors.

Twin Disc Stock Up 1.3 %

Twin Disc stock traded up $0.11 during trading hours on Wednesday, hitting $8.26. The stock had a trading volume of 14,173 shares, compared to its average volume of 28,003. The stock’s 50-day moving average price is $10.64 and its 200-day moving average price is $11.63. The stock 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 12-month low of $8.07 and a 12-month high of $18.00. The company has a quick ratio of 0.86, a current ratio of 2.11 and a debt-to-equity ratio of 0.15.

Twin Disc (NASDAQ:TWIN) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $0.07 earnings per share 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 firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend was Friday, February 14th. Twin Disc’s payout ratio is currently 23.88%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Twin Disc from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th.

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.