Twin Disc, Incorporated (NASDAQ:TWIN) Short Interest Up 36.7% in February

Twin Disc, Incorporated (NASDAQ:TWIN - Get Free Report) was the recipient of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 95,300 shares, a growth of 36.7% from the January 31st total of 69,700 shares. Based on an average daily trading volume, of 29,000 shares, the days-to-cover ratio is presently 3.3 days. Approximately 0.9% of the company's stock are short sold.

Hedge Funds Weigh In On Twin Disc

Several large investors have recently modified their holdings of the stock. Segall Bryant & Hamill LLC acquired a new position in Twin Disc during the 3rd quarter valued at about $1,384,000. Pacific Ridge Capital Partners LLC raised its position in shares of Twin Disc by 16.1% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 565,277 shares of the industrial products company's stock valued at $6,642,000 after buying an additional 78,378 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Twin Disc by 689.1% in the 4th quarter. JPMorgan Chase & Co. now owns 38,342 shares of the industrial products company's stock worth $451,000 after acquiring an additional 33,483 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Twin Disc by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 597,475 shares of the industrial products company's stock valued at $7,020,000 after purchasing an additional 20,470 shares in the last quarter. Finally, Skylands Capital LLC raised 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 valued at $321,000 after acquiring an additional 14,300 shares in the last quarter. Institutional investors own 65.25% of the company's stock.

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Analyst Ratings Changes

Separately, StockNews.com lowered shares of Twin Disc from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th.

Twin Disc Stock Performance

NASDAQ:TWIN remained flat at $8.26 during trading hours on Friday. The company's stock had a trading volume of 10,223 shares, compared to its average volume of 28,092. The firm has a market capitalization of $116.85 million, a PE ratio of 12.33 and a beta of 0.62. The firm has a 50-day moving average price of $10.51 and a 200-day moving average price of $11.59. Twin Disc has a 1-year low of $8.07 and a 1-year high of $18.00. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.11 and a quick ratio of 0.86.

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

Twin Disc Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.94%. The ex-dividend date was Friday, February 14th. Twin Disc's dividend payout ratio (DPR) is presently 23.88%.

About Twin Disc

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.