Short Interest in Twin Disc, Incorporated (NASDAQ:TWIN) Rises By 26.0%

Twin Disc, Incorporated (NASDAQ:TWIN - Get Free Report) was the target of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 244,100 shares, a growth of 26.0% from the May 15th total of 193,800 shares. Based on an average trading volume of 53,100 shares, the days-to-cover ratio is currently 4.6 days. Currently, 2.2% of the shares of the stock are short sold.

Twin Disc Stock Up 1.4%

Shares of NASDAQ TWIN traded up $0.11 during trading on Wednesday, hitting $7.93. 5,674 shares of the company traded hands, compared to its average volume of 44,552. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.86 and a current ratio of 2.11. The business's fifty day moving average is $7.18 and its 200 day moving average is $9.07. Twin Disc has a fifty-two week low of $6.16 and a fifty-two week high of $14.98. The firm has a market capitalization of $112.21 million, a price-to-earnings ratio of 27.35 and a beta of 0.77.

Twin Disc (NASDAQ:TWIN - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The industrial products company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.32). The business had revenue of $812.42 million for the quarter, compared to analysts' expectations of $93.30 million. Twin Disc had a net margin of 1.25% and a return on equity of 0.75%.

Twin Disc Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.16 annualized dividend and a yield of 2.02%. Twin Disc's payout ratio is 55.17%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TWIN shares. Wall Street Zen lowered Twin Disc from a "strong-buy" rating to a "hold" rating in a report on Friday, May 16th. Longbow Research started coverage on shares of Twin Disc in a research report on Thursday, April 17th. They issued a "buy" rating and a $12.00 price objective for the company.

Institutional Trading of Twin Disc

Several hedge funds have recently made changes to their positions in the business. Gamco Investors INC. ET AL raised its position in Twin Disc by 2.7% during the 1st quarter. Gamco Investors INC. ET AL now owns 1,673,799 shares of the industrial products company's stock valued at $12,671,000 after purchasing an additional 43,647 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Twin Disc by 3.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 597,475 shares of the industrial products company's stock worth $7,020,000 after acquiring an additional 20,470 shares during the period. Pacific Ridge Capital Partners LLC boosted its position in Twin Disc by 16.1% in the fourth 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 last quarter. Grace & White Inc. NY increased its stake in shares of Twin Disc by 25.7% in the first quarter. Grace & White Inc. NY now owns 269,247 shares of the industrial products company's stock worth $2,038,000 after acquiring an additional 55,111 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Twin Disc by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 255,490 shares of the industrial products company's stock valued at $3,002,000 after buying an additional 4,566 shares during the period. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

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.

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