Pacific Ridge Capital Partners LLC Raises Holdings in Twin Disc, Incorporated (NASDAQ:TWIN)

Pacific Ridge Capital Partners LLC lifted its position in Twin Disc, Incorporated (NASDAQ:TWIN - Free Report) by 16.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 565,277 shares of the industrial products company's stock after buying an additional 78,378 shares during the period. Twin Disc makes up about 1.5% of Pacific Ridge Capital Partners LLC's portfolio, making the stock its 25th largest position. Pacific Ridge Capital Partners LLC owned approximately 3.99% of Twin Disc worth $6,642,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. MetLife Investment Management LLC increased its position in shares of Twin Disc by 129.1% during 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 in the last quarter. Barclays PLC grew its stake in Twin Disc by 280.7% during the 3rd quarter. Barclays PLC now owns 14,863 shares of the industrial products company's stock worth $186,000 after buying an additional 10,959 shares during the last quarter. BNP Paribas Financial Markets increased its position in Twin Disc by 753.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 15,502 shares of the industrial products company's stock valued at $194,000 after buying an additional 13,686 shares in the last quarter. Empowered Funds LLC raised its stake in Twin Disc by 26.0% in the fourth quarter. Empowered Funds LLC now owns 17,427 shares of the industrial products company's stock valued at $205,000 after buying an additional 3,596 shares during the last quarter. Finally, Skylands Capital LLC boosted its holdings in Twin Disc by 110.0% in the fourth quarter. Skylands Capital LLC now owns 27,300 shares of the industrial products company's stock worth $321,000 after acquiring an additional 14,300 shares in the last quarter. Hedge funds and other institutional investors own 65.25% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Twin Disc from a "strong-buy" rating to a "buy" rating in a report on Wednesday, March 26th.

Twin Disc Stock Performance

Shares of NASDAQ TWIN traded down $0.28 during midday trading on Monday, reaching $7.67. The company had a trading volume of 9,169 shares, compared to its average volume of 39,641. The stock has a market cap of $108.50 million, a P/E ratio of 11.48 and a beta of 0.58. The company has a current ratio of 2.11, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. Twin Disc, Incorporated has a 1 year low of $7.35 and a 1 year high of $18.00. The business's 50-day simple moving average is $9.45 and its 200 day simple moving average is $11.06.

Twin Disc (NASDAQ:TWIN - Get Free Report) last released its earnings results on Wednesday, February 5th. The industrial products company reported $0.07 EPS for the quarter. Twin Disc had a return on equity of 4.24% and a net margin of 2.92%.

Twin Disc Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were paid a $0.04 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.09%. Twin Disc's payout ratio is currently 23.88%.

Twin Disc 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.