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

Twin Disc, Incorporated (NASDAQ:TWIN) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 81,300 shares, a growth 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 currently 3.1 days. Approximately 0.7% of the company’s stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Barclays PLC bought a new stake in Twin Disc in the 3rd quarter worth approximately $35,000. Ritholtz Wealth Management bought a new stake in Twin Disc during the fourth quarter valued at approximately $164,000. O Shaughnessy Asset Management LLC purchased a new stake in Twin Disc during the third quarter valued at approximately $171,000. Citigroup Inc. purchased a new position in shares of Twin Disc during the 3rd quarter worth $254,000. Finally, Janney Montgomery Scott LLC purchased a new position in Twin Disc during the third quarter valued at $455,000. 65.25% of the stock is owned by hedge funds and other institutional investors.

Twin Disc Trading Down 1.5 %

NASDAQ:TWIN 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. The company’s 50 day moving average price is $16.31 and its 200-day moving average price is $15.31. Twin Disc has a 52 week low of $10.71 and a 52 week high of $18.00.

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

Twin Disc Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were issued a dividend of $0.04 per share. 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 payout ratio is presently 20.00%.

Analyst Upgrades and Downgrades

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

About Twin Disc

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.