Twin Disc, Incorporated (NASDAQ:TWIN) Short Interest Update

Twin Disc, Incorporated (NASDAQ:TWIN) was the target of a large drop in short interest in December. As of December 31st, there was short interest totalling 149,000 shares, a drop of 8.6% from the December 15th total of 163,000 shares. Based on an average trading volume of 31,400 shares, the short-interest ratio is currently 4.7 days. Approximately 1.5% of the company’s stock are short sold.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Grace & White Inc. NY lifted its holdings in shares of Twin Disc by 34.4% in the 3rd quarter. Grace & White Inc. NY now owns 284,330 shares of the industrial products company’s stock valued at $3,011,000 after purchasing an additional 72,792 shares during the last quarter. California Public Employees Retirement System increased its position in Twin Disc by 5.8% during the third quarter. California Public Employees Retirement System now owns 97,900 shares of the industrial products company’s stock worth $1,037,000 after buying an additional 5,400 shares during the period. State Street Corp lifted its stake in Twin Disc by 6.7% in the third quarter. State Street Corp now owns 143,666 shares of the industrial products company’s stock valued at $1,521,000 after buying an additional 8,960 shares during the last quarter. Rhumbline Advisers lifted its stake in Twin Disc by 9.0% in the third quarter. Rhumbline Advisers now owns 16,518 shares of the industrial products company’s stock valued at $175,000 after buying an additional 1,368 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in Twin Disc by 8.0% in the second quarter. BlackRock Inc. now owns 687,902 shares of the industrial products company’s stock valued at $10,386,000 after buying an additional 51,129 shares during the last quarter. Institutional investors and hedge funds own 59.44% of the company’s stock.

Several equities research analysts recently weighed in on TWIN shares. ValuEngine upgraded Twin Disc from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research upgraded shares of Twin Disc from a “strong sell” rating to a “hold” rating in a research note on Friday, January 10th. Finally, TheStreet cut shares of Twin Disc from a “c” rating to a “d+” rating in a report on Friday, November 1st. Four research analysts have rated the stock with a hold rating, Twin Disc presently has a consensus rating of “Hold” and a consensus price target of $14.00.

NASDAQ TWIN opened at $10.68 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.75 and a quick ratio of 0.99. The firm’s fifty day moving average price is $10.41 and its 200 day moving average price is $11.26. The company has a market capitalization of $143.22 million, a price-to-earnings ratio of 12.87 and a beta of 1.98. Twin Disc has a 12 month low of $9.50 and a 12 month high of $19.15.

Twin Disc (NASDAQ:TWIN) last announced its quarterly earnings results on Friday, November 1st. The industrial products company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.26). Twin Disc had a net margin of 1.09% and a return on equity of 1.74%. The company had revenue of $59.29 million during the quarter, compared to analysts’ expectations of $70.65 million. As a group, sell-side analysts forecast that Twin Disc will post -0.34 earnings per share for the current year.

About Twin Disc

Twin Disc, Incorporated designs, manufactures, and sells marine and heavy duty off-highway power transmission equipment worldwide. The company operates through two segments, Manufacturing and Distribution. Its products include marine transmissions, surface drives, propellers, and boat management systems; and power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and controls systems.

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