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

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 131,000 shares, a growth of 21.4% from the March 15th total of 107,900 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average daily volume of 36,900 shares, the days-to-cover ratio is currently 3.6 days.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TWIN. Longbow Research assumed coverage on shares of Twin Disc in a research note on Thursday, April 17th. They set a "buy" rating and a $12.00 price target on the stock. StockNews.com downgraded Twin Disc from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, March 26th.

Twin Disc Price Performance

TWIN stock traded down $0.04 during mid-day trading on Friday, reaching $6.80. 20,882 shares of the company traded hands, compared to its average volume of 41,695. The company has a fifty day moving average price of $7.77 and a 200-day moving average price of $10.30. Twin Disc has a 52-week low of $6.16 and a 52-week high of $16.90. The company has a market capitalization of $96.19 million, a P/E ratio of 10.15 and a beta of 0.56. 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 issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $0.07 EPS for the quarter. Twin Disc had a net margin of 2.92% and a return on equity of 4.24%.

Twin Disc Dividend Announcement

The firm also recently disclosed 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 2.35%. The ex-dividend date of this dividend was Friday, February 14th. Twin Disc's dividend payout ratio is 23.88%.

Hedge Funds Weigh In On Twin Disc

A number of institutional investors have recently added to or reduced their stakes in the business. Central Pacific Bank Trust Division grew its holdings in shares of Twin Disc by 566.7% during the first quarter. Central Pacific Bank Trust Division now owns 10,000 shares of the industrial products company's stock worth $76,000 after purchasing an additional 8,500 shares in the last quarter. Deutsche Bank AG bought a new stake in Twin Disc during the fourth quarter valued at approximately $101,000. Bank of America Corp DE lifted its position in Twin Disc by 75.7% during the fourth quarter. Bank of America Corp DE now owns 14,721 shares of the industrial products company's stock valued at $173,000 after purchasing an additional 6,344 shares during the last quarter. Barclays PLC increased its holdings in shares of Twin Disc by 280.7% in the 3rd quarter. Barclays PLC now owns 14,863 shares of the industrial products company's stock worth $186,000 after buying an additional 10,959 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Twin Disc by 9.4% during the 4th quarter. Wells Fargo & Company MN now owns 16,552 shares of the industrial products company's stock valued at $194,000 after buying an additional 1,427 shares in the last quarter. 65.25% of the stock is currently owned by institutional investors.

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.