Short Interest in Twin Disc, Incorporated (NASDAQ:TWIN) Increases By 122.2%

Twin Disc, Incorporated (NASDAQ:TWIN) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totalling 56,000 shares, an increase of 122.2% from the June 15th total of 25,200 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average trading volume of 69,100 shares, the days-to-cover ratio is presently 0.8 days.

Twin Disc Stock Up 6.2 %

Shares of NASDAQ:TWIN traded up $0.75 during trading on Thursday, hitting $12.85. 54,179 shares of the company were exchanged, compared to its average volume of 46,751. The firm’s 50 day moving average price is $13.45 and its 200-day moving average price is $15.08. Twin Disc has a 12-month low of $10.89 and a 12-month high of $18.00. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.22 and a quick ratio of 0.90. The stock has a market capitalization of $179.90 million, a P/E ratio of 13.91 and a beta of 0.64.

Twin Disc (NASDAQ:TWIN) last announced its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.27 earnings per share for the quarter. Twin Disc had a net margin of 4.13% and a return on equity of 8.42%. The firm had revenue of $74.16 million during the quarter.

Twin Disc Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 20th were given a $0.04 dividend. The ex-dividend date was Friday, May 17th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.25%. Twin Disc’s dividend payout ratio (DPR) is presently 18.39%.

Insider Activity at Twin Disc

In related news, CEO John H. Batten sold 7,662 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $14.04, for a total transaction of $107,574.48. Following the completion of the transaction, the chief executive officer now owns 378,388 shares in the company, valued at $5,312,567.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 21.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TWIN. EntryPoint Capital LLC acquired a new stake in shares of Twin Disc in the first quarter valued at approximately $36,000. O Shaughnessy Asset Management LLC boosted its stake in Twin Disc by 64.2% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 36,366 shares of the industrial products company’s stock worth $601,000 after purchasing an additional 14,218 shares during the period. Acadian Asset Management LLC grew its position in Twin Disc by 1.1% during the 1st quarter. Acadian Asset Management LLC now owns 62,741 shares of the industrial products company’s stock worth $1,036,000 after purchasing an additional 668 shares during the last quarter. Vanguard Group Inc. grew its position in Twin Disc by 6.8% during the 1st quarter. Vanguard Group Inc. now owns 540,668 shares of the industrial products company’s stock worth $8,937,000 after purchasing an additional 34,425 shares during the last quarter. Finally, Central Pacific Bank Trust Division acquired a new position in Twin Disc in the first quarter valued at $26,000. Hedge funds and other institutional investors own 65.25% of the company’s stock.

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.