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

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

Institutional Investors Weigh In On Twin Disc

A number of hedge funds have recently added to or reduced their stakes in TWIN. Bank of New York Mellon Corp lifted its holdings in shares of Twin Disc by 44.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 102,281 shares of the industrial products company’s stock worth $1,205,000 after purchasing an additional 31,378 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of Twin Disc by 1,037.8% in the second quarter. Rhumbline Advisers now owns 13,654 shares of the industrial products company’s stock valued at $161,000 after buying an additional 12,454 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of Twin Disc by 62.0% during the second quarter. Acadian Asset Management LLC now owns 101,656 shares of the industrial products company’s stock valued at $1,195,000 after buying an additional 38,915 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Twin Disc by 3.1% during the second quarter. Dimensional Fund Advisors LP now owns 555,283 shares of the industrial products company’s stock worth $6,541,000 after acquiring an additional 16,452 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in Twin Disc by 33.2% in the 2nd quarter. Renaissance Technologies LLC now owns 131,193 shares of the industrial products company’s stock valued at $1,545,000 after acquiring an additional 32,673 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

Twin Disc Trading Up 3.4 %

NASDAQ:TWIN opened at $11.70 on Tuesday. Twin Disc has a 12 month low of $10.83 and a 12 month high of $18.00. The company has a current ratio of 2.23, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $165.02 million, a price-to-earnings ratio of 17.46 and a beta of 0.63. The firm has a fifty day simple moving average of $11.92 and a two-hundred day simple moving average of $12.33.

Twin Disc Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Monday, November 18th. Twin Disc’s payout ratio is 23.88%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered 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.