Twin Disc (TWIN) News Today

Heartland Advisors Inc. lowered its stake in shares of Twin Disc, Incorporated (NASDAQ:TWIN - Free Report) by 37.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 250,000 shares of the industrial products company's stock

Twin Disc, Incorporated (NASDAQ:TWIN - Get Free Report) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totalling 56,000 shares, a growth of 122.2% from the June 15th total of 25,200 shares. Based on an average trading volume of 69,100 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.5% of the company's shares are sold short.

Twin Disc, Incorporated (NASDAQ:TWIN - Get Free Report) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totalling 25,200 shares, a drop of 46.9% from the May 31st total of 47,500 shares. Based on an average daily trading volume, of 38,800 shares, the short-interest ratio is currently 0.6 days. Currently, 0.2% of the shares of the company are sold short.

Twin Disc, Incorporated (NASDAQ:TWIN - Get Free Report) saw a large decline in short interest in May. As of May 31st, there was short interest totalling 47,500 shares, a decline of 37.7% from the May 15th total of 76,300 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 31,600 shares, the days-to-cover ratio is currently 1.5 days.

Twin Disc, Incorporated (NASDAQ:TWIN - Get Free Report) CEO John H. Batten sold 7,662 shares of the company's stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $14.04, for a total value of $107,574.48. Following the completion of the transaction, the chief executive officer now owns 378,388 shares of the company's stock, valued at $5,312,567.52. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Twin Disc, Incorporated (NASDAQ:TWIN) declared a quarterly dividend on Tuesday, April 30th. Stockholders of record on Monday, May 20th will be paid a dividend of 0.04 per share by the industrial products company on Monday, June 3rd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Friday, May 17th.