Short Interest in Twin Disc, Incorporated (NASDAQ:TWIN) Drops By 10.1%

Twin Disc, Incorporated (NASDAQ:TWIN) was the recipient of a significant drop in short interest in the month of July. As of July 31st, there was short interest totalling 128,700 shares, a drop of 10.1% from the June 30th total of 143,100 shares. Based on an average trading volume of 33,900 shares, the short-interest ratio is presently 3.8 days. Currently, 1.3% of the shares of the company are sold short.

Twin Disc stock opened at $10.16 on Friday. The firm has a market cap of $141.33 million, a price-to-earnings ratio of 12.24 and a beta of 2.00. Twin Disc has a 52 week low of $9.72 and a 52 week high of $26.94. The business’s 50-day moving average price is $13.08 and its 200 day moving average price is $15.38. The company has a quick ratio of 1.16, a current ratio of 3.00 and a debt-to-equity ratio of 0.32.

Twin Disc (NASDAQ:TWIN) last issued its quarterly earnings data on Friday, August 9th. The industrial products company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.20). Twin Disc had a net margin of 4.07% and a return on equity of 6.76%. The business had revenue of $72.45 million during the quarter, compared to analyst estimates of $72.85 million. Equities analysts expect that Twin Disc will post 0.19 EPS for the current year.

Several research firms recently commented on TWIN. Robert W. Baird set a $14.00 target price on Twin Disc and gave the stock a “hold” rating in a report on Monday. ValuEngine raised Twin Disc from a “sell” rating to a “hold” rating in a report on Thursday. BidaskClub lowered Twin Disc from a “buy” rating to a “hold” rating in a report on Thursday, May 9th. TheStreet lowered Twin Disc from a “b-” rating to a “c+” rating in a report on Tuesday, June 11th. Finally, Zacks Investment Research lowered Twin Disc from a “hold” rating to a “strong sell” rating in a report on Saturday, August 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Twin Disc has an average rating of “Hold” and an average price target of $17.33.

Institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Arbitrage SA grew its holdings in Twin Disc by 606.3% in the first quarter. BNP Paribas Arbitrage SA now owns 2,020 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 1,734 shares during the period. Rhumbline Advisers grew its holdings in Twin Disc by 5.0% in the first quarter. Rhumbline Advisers now owns 13,848 shares of the industrial products company’s stock valued at $231,000 after purchasing an additional 665 shares during the period. Bank of America Corp DE grew its holdings in Twin Disc by 17.3% in the fourth quarter. Bank of America Corp DE now owns 18,103 shares of the industrial products company’s stock valued at $267,000 after purchasing an additional 2,670 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Twin Disc by 8.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 23,813 shares of the industrial products company’s stock valued at $360,000 after purchasing an additional 1,948 shares during the period. Finally, LPL Financial LLC acquired a new stake in Twin Disc in the second quarter valued at approximately $456,000. 57.05% of the stock is currently owned by institutional investors.

Twin Disc Company Profile

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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