Skylands Capital LLC Sells 22,300 Shares of Twin Disc, Incorporated (NASDAQ:TWIN)

Skylands Capital LLC decreased its position in Twin Disc, Incorporated (NASDAQ:TWIN - Free Report) by 63.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,000 shares of the industrial products company's stock after selling 22,300 shares during the period. Skylands Capital LLC owned approximately 0.09% of Twin Disc worth $153,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of TWIN. Vanguard Group Inc. boosted its holdings in shares of Twin Disc by 6.8% in the first quarter. Vanguard Group Inc. now owns 540,668 shares of the industrial products company's stock valued at $8,937,000 after acquiring an additional 34,425 shares in the last quarter. Grace & White Inc. NY boosted its holdings in shares of Twin Disc by 0.8% in the second quarter. Grace & White Inc. NY now owns 214,136 shares of the industrial products company's stock valued at $2,523,000 after acquiring an additional 1,800 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Twin Disc by 44.3% in the second quarter. Bank of New York Mellon Corp now owns 102,281 shares of the industrial products company's stock valued at $1,205,000 after acquiring an additional 31,378 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Twin Disc by 11.1% in the fourth quarter. Victory Capital Management Inc. now owns 96,416 shares of the industrial products company's stock valued at $1,558,000 after acquiring an additional 9,663 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in shares of Twin Disc by 1.1% in the first quarter. Acadian Asset Management LLC now owns 62,741 shares of the industrial products company's stock valued at $1,036,000 after acquiring an additional 668 shares in the last quarter. Institutional investors own 65.25% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Twin Disc from a "strong-buy" rating to a "buy" rating in a report on Friday, August 16th.

Twin Disc Price Performance

Shares of Twin Disc stock traded down $0.46 on Tuesday, hitting $12.77. The company had a trading volume of 16,873 shares, compared to its average volume of 45,070. The company has a market cap of $178.78 million, a PE ratio of 14.68 and a beta of 0.64. Twin Disc, Incorporated has a 52 week low of $10.90 and a 52 week 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 business has a 50-day simple moving average of $12.78 and a 200-day simple moving average of $14.49.

Twin Disc Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 2nd. Investors of record on Monday, August 19th will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Monday, August 19th. Twin Disc's payout ratio is 18.39%.

Twin Disc 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.