Pacific Ridge Capital Partners LLC Boosts Position in Twin Disc, Incorporated (NASDAQ:TWIN)

Pacific Ridge Capital Partners LLC raised its holdings in shares of Twin Disc, Incorporated (NASDAQ:TWIN) by 16.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 565,277 shares of the industrial products company’s stock after acquiring an additional 78,378 shares during the period. Twin Disc makes up about 1.5% of Pacific Ridge Capital Partners LLC’s portfolio, making the stock its 25th biggest position. Pacific Ridge Capital Partners LLC owned about 3.99% of Twin Disc worth $6,642,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. MetLife Investment Management LLC grew its holdings in Twin Disc by 129.1% during the third quarter. MetLife Investment Management LLC now owns 6,685 shares of the industrial products company’s stock worth $83,000 after acquiring an additional 3,767 shares during the period. Barclays PLC lifted its stake 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 valued at $186,000 after purchasing an additional 10,959 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Twin Disc by 753.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 15,502 shares of the industrial products company’s stock valued at $194,000 after purchasing an additional 13,686 shares during the period. Empowered Funds LLC increased its holdings in Twin Disc by 26.0% in the fourth quarter. Empowered Funds LLC now owns 17,427 shares of the industrial products company’s stock valued at $205,000 after buying an additional 3,596 shares in the last quarter. Finally, Skylands Capital LLC raised its position in shares of Twin Disc by 110.0% in the fourth quarter. Skylands Capital LLC now owns 27,300 shares of the industrial products company’s stock worth $321,000 after acquiring an additional 14,300 shares during the period. 65.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Twin Disc from a “strong-buy” rating to a “buy” rating in a research note on Wednesday.

Twin Disc Price Performance

Shares of NASDAQ TWIN opened at $8.20 on Thursday. The firm has a 50-day simple moving average of $9.57 and a 200-day simple moving average of $11.12. The company has a quick ratio of 0.86, a current ratio of 2.11 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $116.00 million, a price-to-earnings ratio of 12.24 and a beta of 0.58. Twin Disc, Incorporated has a 52 week low of $7.35 and a 52 week high of $18.00.

Twin Disc (NASDAQ:TWIN) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter. Twin Disc had a return on equity of 4.24% and a net margin of 2.92%.

Twin Disc Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were issued a $0.04 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.16 annualized dividend and a dividend yield of 1.95%. Twin Disc’s dividend payout ratio is currently 23.88%.

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.