Short Interest in Twin Disc, Incorporated (NASDAQ:TWIN) Increases By 20.4%

Twin Disc, Incorporated (NASDAQ:TWIN) was the target of a large increase in short interest in 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. Currently, 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 25,900 shares, the days-to-cover ratio is currently 3.1 days.

Twin Disc Stock Performance

Shares of Twin Disc stock opened at $16.56 on Monday. The company has a market cap of $231.84 million, a PE ratio of 20.70 and a beta of 0.80. Twin Disc has a 52 week low of $9.14 and a 52 week high of $18.00. The business has a 50 day moving average price of $16.27 and a 200-day moving average price of $15.27. 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 (NASDAQ:TWIN) last issued its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $0.07 EPS for the quarter. The firm had revenue of $72.99 million during the quarter. Twin Disc had a return on equity of 7.74% and a net margin of 3.75%.

Twin Disc Announces Dividend

The business 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 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend was Thursday, February 15th. Twin Disc’s dividend payout ratio (DPR) is presently 20.00%.

Institutional Trading of Twin Disc

A number of institutional investors and hedge funds have recently modified their holdings of TWIN. Barclays PLC purchased a new stake in shares of Twin Disc during the third quarter valued at approximately $35,000. Janney Montgomery Scott LLC purchased a new stake in shares of Twin Disc during the third quarter valued at approximately $455,000. Acadian Asset Management LLC increased its position in shares of Twin Disc by 31.5% during the third quarter. Acadian Asset Management LLC now owns 54,123 shares of the industrial products company’s stock valued at $740,000 after acquiring an additional 12,971 shares during the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in shares of Twin Disc during the third quarter valued at approximately $171,000. Finally, Citigroup Inc. purchased a new stake in shares of Twin Disc during the third quarter valued at approximately $254,000. 65.25% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, TheStreet raised Twin Disc from a “c+” rating to a “b-” rating in a research note on Monday, March 11th.

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.