Short Interest in Twin Disc, Incorporated (NASDAQ:TWIN) Declines By 24.4%

Twin Disc, Incorporated (NASDAQ:TWIN) was the recipient of a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 121,400 shares, a decline of 24.4% from the November 15th total of 160,500 shares. Based on an average daily trading volume, of 21,900 shares, the short-interest ratio is currently 5.5 days. Approximately 1.1% of the company’s shares are sold short.

Hedge Funds Weigh In On Twin Disc

Several hedge funds and other institutional investors have recently modified their holdings of the company. MetLife Investment Management LLC grew its stake in shares of 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 during the last quarter. Rhumbline Advisers grew its position in shares of Twin Disc by 1,037.8% in the 2nd quarter. Rhumbline Advisers now owns 13,654 shares of the industrial products company’s stock worth $161,000 after buying an additional 12,454 shares during the last quarter. Barclays PLC increased its stake in shares of Twin Disc by 280.7% during the third quarter. Barclays PLC now owns 14,863 shares of the industrial products company’s stock valued at $186,000 after buying an additional 10,959 shares during the period. BNP Paribas Financial Markets raised 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 valued at $194,000 after acquiring an additional 13,686 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in Twin Disc in the second quarter worth $184,000. 65.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Twin Disc Stock Up 0.6 %

Shares of Twin Disc stock opened at $12.18 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 2.23. Twin Disc has a 52-week low of $10.83 and a 52-week high of $18.00. The company’s 50 day moving average price is $12.01 and its 200-day moving average price is $12.50. The stock has a market capitalization of $171.74 million, a price-to-earnings ratio of 18.18 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 issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Monday, November 18th. Twin Disc’s dividend payout ratio (DPR) is presently 23.88%.

Twin Disc Company Profile

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.