Twin Disc, Incorporated (NASDAQ:TWIN) Short Interest Up 36.7% in February

Twin Disc, Incorporated (NASDAQ:TWIN) was the target of a large increase in short interest in February. As of February 15th, there was short interest totalling 95,300 shares, an increase of 36.7% from the January 31st total of 69,700 shares. Based on an average daily trading volume, of 29,000 shares, the days-to-cover ratio is currently 3.3 days. Currently, 0.9% of the shares of the stock are sold short.

Twin Disc Trading Down 3.4 %

Shares of TWIN stock opened at $8.33 on Tuesday. 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 company has a market capitalization of $117.84 million, a P/E ratio of 12.43 and a beta of 0.62. Twin Disc has a 12-month low of $8.25 and a 12-month high of $18.00. The firm has a 50-day moving average price of $10.77 and a 200 day moving average price of $11.70.

Twin Disc (NASDAQ:TWIN) last posted 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 net margin of 2.92% and a return on equity of 4.24%.

Twin Disc Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Friday, February 14th. Twin Disc’s dividend payout ratio (DPR) is currently 23.88%.

Analysts Set New Price Targets

Separately, StockNews.com lowered Twin Disc from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. MetLife Investment Management LLC raised its stake in shares of Twin Disc by 129.1% in the third quarter. MetLife Investment Management LLC now owns 6,685 shares of the industrial products company’s stock valued at $83,000 after acquiring an additional 3,767 shares during the last quarter. Deutsche Bank AG bought a new position in shares of Twin Disc in the fourth quarter valued at approximately $101,000. Bank of America Corp DE raised its stake in shares of Twin Disc by 75.7% in the fourth quarter. Bank of America Corp DE now owns 14,721 shares of the industrial products company’s stock valued at $173,000 after acquiring an additional 6,344 shares during the last quarter. Barclays PLC raised its stake in shares of Twin Disc by 280.7% in the third quarter. Barclays PLC now owns 14,863 shares of the industrial products company’s stock valued at $186,000 after acquiring an additional 10,959 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of Twin Disc by 753.6% in the third quarter. BNP Paribas Financial Markets now owns 15,502 shares of the industrial products company’s stock valued at $194,000 after acquiring an additional 13,686 shares during the last quarter. Institutional investors 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.