Short Interest in Twin Disc, Incorporated (NASDAQ:TWIN) Increases By 122.8%

Twin Disc, Incorporated (NASDAQ:TWIN - Get Free Report) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 67,500 shares, a growth of 122.8% from the March 15th total of 30,300 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average trading volume of 24,800 shares, the short-interest ratio is presently 2.7 days.

Analyst Upgrades and Downgrades

Separately, TheStreet upgraded Twin Disc from a "c+" rating to a "b-" rating in a research note on Monday, March 11th.

Twin Disc Stock Performance

Shares of TWIN stock remained flat at $17.05 during trading hours on Thursday. The stock had a trading volume of 57,491 shares, compared to its average volume of 25,661. Twin Disc has a 52 week low of $8.60 and a 52 week high of $18.00. The company has a market cap of $238.63 million, a price-to-earnings ratio of 21.31 and a beta of 0.80. The stock's 50 day moving average is $15.96 and its two-hundred day moving average is $15.01. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.22 and a quick ratio of 0.87.

Twin Disc (NASDAQ:TWIN - Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $0.07 earnings per share for the quarter. Twin Disc had a return on equity of 7.74% and a net margin of 3.75%. The company had revenue of $72.99 million for the quarter.

Twin Disc Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Thursday, February 15th. Twin Disc's payout ratio is currently 20.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Gamco Investors INC. ET AL boosted its holdings in shares of Twin Disc by 4.0% in the 2nd quarter. Gamco Investors INC. ET AL now owns 1,657,368 shares of the industrial products company's stock worth $18,662,000 after acquiring an additional 63,500 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Twin Disc by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 525,882 shares of the industrial products company's stock worth $5,059,000 after buying an additional 3,653 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Twin Disc by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 506,243 shares of the industrial products company's stock worth $8,181,000 after buying an additional 5,963 shares in the last quarter. 65.25% of the stock is owned by institutional investors and hedge funds.

About Twin Disc

Twin Disc, Incorporated designs, manufactures, and sells 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.