Twin Disc, Incorporated (NASDAQ:TWIN) Short Interest Down 24.4% in November

Twin Disc, Incorporated (NASDAQ:TWIN - Get Free Report) was the recipient of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 121,400 shares, a drop of 24.4% from the November 15th total of 160,500 shares. Based on an average daily volume of 21,900 shares, the short-interest ratio is currently 5.5 days. Approximately 1.1% of the company's stock are sold short.

Analyst Ratings Changes

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

Twin Disc Price Performance

TWIN traded down $0.04 during midday trading on Friday, reaching $12.07. 6,567 shares of the company's stock were exchanged, compared to its average volume of 37,757. The company has a quick ratio of 0.84, a current ratio of 2.23 and a debt-to-equity ratio of 0.27. The business has a 50-day simple moving average of $12.01 and a two-hundred day simple moving average of $12.53. Twin Disc has a one year low of $10.83 and a one year high of $18.00. The firm has a market capitalization of $170.19 million, a price-to-earnings ratio of 18.07 and a beta of 0.63.

Twin Disc Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Monday, November 18th. Twin Disc's payout ratio is currently 23.88%.

Hedge Funds Weigh In On Twin Disc

Several institutional investors have recently bought and sold shares of TWIN. MetLife Investment Management LLC lifted its holdings in 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 valued at $83,000 after buying an additional 3,767 shares during the period. Rhumbline Advisers grew its stake in shares of Twin Disc by 1,037.8% during the 2nd quarter. Rhumbline Advisers now owns 13,654 shares of the industrial products company's stock worth $161,000 after acquiring an additional 12,454 shares in the last quarter. Squarepoint Ops LLC bought a new position in shares of Twin Disc in the 2nd quarter valued at about $184,000. Barclays PLC grew its stake in shares of Twin Disc by 280.7% in the third quarter. Barclays PLC now owns 14,863 shares of the industrial products company's stock valued at $186,000 after buying an additional 10,959 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in Twin Disc by 753.6% during the third quarter. BNP Paribas Financial Markets now owns 15,502 shares of the industrial products company's stock worth $194,000 after purchasing an additional 13,686 shares during the period. 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.