Twin Disc, Incorporated (NASDAQ:TWIN) Short Interest Update

Twin Disc, Incorporated (NASDAQ:TWIN - Get Free Report) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totalling 99,000 shares, a drop of 18.5% from the November 30th total of 121,400 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average daily volume of 23,200 shares, the days-to-cover ratio is currently 4.3 days.

Twin Disc Price Performance

NASDAQ TWIN traded down $0.49 during trading hours on Friday, reaching $11.31. 29,742 shares of the stock traded hands, compared to its average volume of 37,727. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.23 and a quick ratio of 0.84. The stock has a 50 day simple moving average of $11.92 and a two-hundred day simple moving average of $12.34. Twin Disc has a 1 year low of $10.83 and a 1 year high of $18.00. The company has a market cap of $159.52 million, a price-to-earnings ratio of 16.88 and a beta of 0.63.

Twin Disc Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were issued a dividend of $0.04 per share. The ex-dividend date was Monday, November 18th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.41%. Twin Disc's dividend payout ratio is 23.88%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Twin Disc from a "strong-buy" rating to a "buy" rating in a research report on Saturday, November 30th.

Institutional Trading of Twin Disc

Several hedge funds and other institutional investors have recently bought and sold shares of TWIN. BNP Paribas Financial Markets lifted its stake in shares of Twin Disc by 753.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 15,502 shares of the industrial products company's stock valued at $194,000 after acquiring an additional 13,686 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Twin Disc by 44.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 102,281 shares of the industrial products company's stock worth $1,205,000 after purchasing an additional 31,378 shares during the period. Rhumbline Advisers lifted its position in Twin Disc by 1,037.8% in the second quarter. Rhumbline Advisers now owns 13,654 shares of the industrial products company's stock valued at $161,000 after purchasing an additional 12,454 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new stake in shares of Twin Disc during the third quarter valued at approximately $1,384,000. Finally, MetLife Investment Management LLC grew its holdings in shares of Twin Disc by 129.1% in 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 during the last quarter. Hedge funds and other institutional investors own 65.25% of the company's stock.

Twin Disc Company 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.