Segall Bryant & Hamill LLC Invests $1.38 Million in Twin Disc, Incorporated (NASDAQ:TWIN)

Segall Bryant & Hamill LLC bought a new stake in shares of Twin Disc, Incorporated (NASDAQ:TWIN - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 110,801 shares of the industrial products company's stock, valued at approximately $1,384,000. Segall Bryant & Hamill LLC owned about 0.79% of Twin Disc as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TWIN. Dimensional Fund Advisors LP raised its stake in Twin Disc by 3.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 555,283 shares of the industrial products company's stock valued at $6,541,000 after purchasing an additional 16,452 shares during the period. Vanguard Group Inc. raised its position in Twin Disc by 6.8% during the first quarter. Vanguard Group Inc. now owns 540,668 shares of the industrial products company's stock valued at $8,937,000 after buying an additional 34,425 shares during the period. Royce & Associates LP lifted its stake in Twin Disc by 1.0% in the 3rd quarter. Royce & Associates LP now owns 398,212 shares of the industrial products company's stock worth $4,974,000 after acquiring an additional 3,786 shares in the last quarter. Gabelli Funds LLC lifted its stake in Twin Disc by 4.3% in the 2nd quarter. Gabelli Funds LLC now owns 388,024 shares of the industrial products company's stock worth $4,571,000 after acquiring an additional 16,157 shares in the last quarter. Finally, Grace & White Inc. NY boosted its position in Twin Disc by 0.8% during the 2nd quarter. Grace & White Inc. NY now owns 214,136 shares of the industrial products company's stock worth $2,523,000 after acquiring an additional 1,800 shares during the period. Institutional investors and hedge funds own 65.25% of the company's stock.

Twin Disc Stock Up 2.2 %

Shares of NASDAQ TWIN traded up $0.25 during mid-day trading on Friday, reaching $11.42. The company had a trading volume of 23,005 shares, compared to its average volume of 21,651. 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, Incorporated has a twelve month low of $10.83 and a twelve month high of $18.00. The stock's 50 day moving average is $12.02 and its 200-day moving average is $12.73. The stock has a market capitalization of $161.02 million, a PE ratio of 17.04 and a beta of 0.61.

Twin Disc Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $0.16 annualized dividend and a dividend yield of 1.40%. Twin Disc's dividend payout ratio is 23.88%.

Wall Street Analysts Forecast Growth

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

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.