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

Twin Disc, Incorporated (NASDAQ:TWIN) saw a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 81,300 shares, an increase of 20.4% from the March 31st total of 67,500 shares. Based on an average daily volume of 25,900 shares, the short-interest ratio is presently 3.1 days. Currently, 0.7% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, TheStreet upgraded shares of Twin Disc from a “c+” rating to a “b-” rating in a report on Monday, March 11th.

Twin Disc Stock Performance

Shares of Twin Disc stock opened at $16.08 on Wednesday. The stock has a market cap of $225.12 million, a price-to-earnings ratio of 20.10 and a beta of 0.80. The company has a quick ratio of 0.87, a current ratio of 2.22 and a debt-to-equity ratio of 0.18. Twin Disc has a twelve month low of $10.71 and a twelve month high of $18.00. The company’s fifty day moving average is $16.31 and its 200 day moving average is $15.31.

Twin Disc (NASDAQ:TWIN) last released its earnings results on Wednesday, February 7th. The industrial products company reported $0.07 earnings per share for the quarter. Twin Disc had a net margin of 3.75% and a return on equity of 7.74%. The business had revenue of $72.99 million during the quarter.

Twin Disc Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Thursday, February 15th. Twin Disc’s dividend payout ratio is 20.00%.

Institutional Investors Weigh In On Twin Disc

A number of hedge funds have recently added to or reduced their stakes in the business. Barclays PLC bought a new position in Twin Disc during the third quarter worth $35,000. Ritholtz Wealth Management acquired a new position in shares of Twin Disc during the fourth quarter valued at about $164,000. O Shaughnessy Asset Management LLC bought a new position in shares of Twin Disc during the 3rd quarter worth about $171,000. Citigroup Inc. acquired a new stake in shares of Twin Disc in the 3rd quarter valued at about $254,000. Finally, Janney Montgomery Scott LLC bought a new stake in Twin Disc in the 3rd quarter valued at about $455,000. 65.25% of the stock is currently owned by institutional investors.

Twin Disc Company Profile

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.