Squarepoint Ops LLC Invests $184,000 in Twin Disc, Incorporated (NASDAQ:TWIN)

Squarepoint Ops LLC purchased a new position in Twin Disc, Incorporated (NASDAQ:TWIN) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,649 shares of the industrial products company’s stock, valued at approximately $184,000. Squarepoint Ops LLC owned about 0.11% of Twin Disc at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Dimensional Fund Advisors LP raised its stake in shares of Twin Disc by 3.1% in the second quarter. Dimensional Fund Advisors LP now owns 555,283 shares of the industrial products company’s stock worth $6,541,000 after purchasing an additional 16,452 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Twin Disc by 6.8% in the first quarter. Vanguard Group Inc. now owns 540,668 shares of the industrial products company’s stock worth $8,937,000 after purchasing an additional 34,425 shares during the last quarter. Gabelli Funds LLC increased its position in Twin Disc by 4.3% during the second quarter. Gabelli Funds LLC now owns 388,024 shares of the industrial products company’s stock valued at $4,571,000 after acquiring an additional 16,157 shares during the last quarter. Grace & White Inc. NY increased its position in Twin Disc by 0.8% during the second quarter. Grace & White Inc. NY now owns 214,136 shares of the industrial products company’s stock valued at $2,523,000 after acquiring an additional 1,800 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position 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 valued at $1,545,000 after acquiring an additional 32,673 shares during the last quarter. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Twin Disc Stock Up 3.3 %

Twin Disc stock opened at $12.32 on Monday. The stock has a market cap of $173.71 million, a PE ratio of 15.80 and a beta of 0.60. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.90 and a current ratio of 2.21. Twin Disc, Incorporated has a one year low of $10.90 and a one year high of $18.00. The stock has a fifty day moving average of $12.42 and a 200 day moving average of $13.73.

Twin Disc (NASDAQ:TWIN) last issued its quarterly earnings results on Thursday, August 15th. The industrial products company reported $0.32 EPS for the quarter. The business had revenue of $84.42 million during the quarter. Twin Disc had a return on equity of 5.47% and a net margin of 3.72%.

Twin Disc Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 2nd. Shareholders of record on Monday, August 19th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Monday, August 19th. Twin Disc’s payout ratio is 20.51%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Twin Disc from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 7th.

Twin Disc Profile

Twin Disc, Incorporated designs, manufactures, and sells 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.