Twin Disc, Incorporated (NASDAQ:TWIN) Short Interest Down 18.5% in December

Twin Disc, Incorporated (NASDAQ:TWIN) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 99,000 shares, a decrease of 18.5% from the November 30th total of 121,400 shares. Based on an average daily trading volume, of 23,200 shares, the days-to-cover ratio is presently 4.3 days. Currently, 0.9% of the company’s shares are short sold.

Twin Disc Trading Up 3.4 %

NASDAQ TWIN traded up $0.39 on Monday, reaching $11.70. The company had a trading volume of 27,409 shares, compared to its average volume of 37,668. The firm has a market cap of $165.02 million, a price-to-earnings ratio of 17.46 and a beta of 0.63. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.23 and a quick ratio of 0.84. Twin Disc has a fifty-two week low of $10.83 and a fifty-two week high of $18.00. The business has a 50 day moving average of $11.92 and a two-hundred day moving average of $12.34.

Twin Disc Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were paid a $0.04 dividend. The ex-dividend date was Monday, November 18th. This represents a $0.16 annualized dividend and a dividend yield of 1.37%. Twin Disc’s payout ratio is 23.88%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Twin Disc from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 30th.

Hedge Funds Weigh In On Twin Disc

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Segall Bryant & Hamill LLC acquired a new stake in Twin Disc during the 3rd quarter valued at approximately $1,384,000. Acadian Asset Management LLC increased its position in shares of Twin Disc by 62.0% during the second quarter. Acadian Asset Management LLC now owns 101,656 shares of the industrial products company’s stock worth $1,195,000 after buying an additional 38,915 shares during the period. Renaissance Technologies LLC raised its stake in Twin Disc by 33.2% during the second quarter. Renaissance Technologies LLC now owns 131,193 shares of the industrial products company’s stock worth $1,545,000 after buying an additional 32,673 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Twin Disc by 44.3% in the second quarter. Bank of New York Mellon Corp now owns 102,281 shares of the industrial products company’s stock valued at $1,205,000 after buying an additional 31,378 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Twin Disc by 3.1% during the second quarter. Dimensional Fund Advisors LP now owns 555,283 shares of the industrial products company’s stock valued at $6,541,000 after acquiring an additional 16,452 shares during the last quarter. 65.25% of the stock is owned by institutional investors and hedge funds.

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.