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

Twin Disc, Incorporated (NASDAQ:TWIN) was the target of 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. Approximately 0.9% of the shares of the stock are sold short. Based on an average daily volume of 23,200 shares, the days-to-cover ratio is presently 4.3 days.

Twin Disc Price Performance

NASDAQ TWIN traded up $0.39 on Monday, hitting $11.70. 27,409 shares of the company’s stock were exchanged, compared to its average volume of 37,668. Twin Disc has a 52 week low of $10.83 and a 52 week high of $18.00. The stock has a 50-day moving average of $11.92 and a 200-day moving average of $12.34. The company has a current ratio of 2.23, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27. The stock has a market cap of $165.02 million, a price-to-earnings ratio of 17.46 and a beta of 0.63.

Twin Disc Announces Dividend

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

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. MetLife Investment Management LLC grew its holdings in shares of Twin Disc by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 6,685 shares of the industrial products company’s stock valued at $83,000 after purchasing an additional 3,767 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Twin Disc by 1,037.8% during the second quarter. Rhumbline Advisers now owns 13,654 shares of the industrial products company’s stock worth $161,000 after buying an additional 12,454 shares during the last quarter. Barclays PLC grew its stake in shares of Twin Disc by 280.7% during the third 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. BNP Paribas Financial Markets increased its holdings in shares of Twin Disc by 753.6% during the third quarter. BNP Paribas Financial Markets now owns 15,502 shares of the industrial products company’s stock worth $194,000 after buying an additional 13,686 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new position in shares of Twin Disc in the 2nd quarter valued at $184,000. Institutional investors and hedge funds own 65.25% of the company’s stock.

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.