Trexquant Investment LP bought a new position in shares of Twin Disc, Incorporated (NASDAQ:TWIN) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,832 shares of the industrial products company’s stock, valued at approximately $365,000. Trexquant Investment LP owned about 0.12% of Twin Disc as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TWIN. Gamco Investors INC. ET AL boosted its position in Twin Disc by 9.7% during the third quarter. Gamco Investors INC. ET AL now owns 1,597,672 shares of the industrial products company’s stock worth $36,810,000 after acquiring an additional 141,901 shares during the last quarter. Skylands Capital LLC boosted its position in Twin Disc by 89.4% during the third quarter. Skylands Capital LLC now owns 140,700 shares of the industrial products company’s stock worth $3,242,000 after acquiring an additional 66,400 shares during the last quarter. Gabelli Funds LLC boosted its position in Twin Disc by 18.7% during the third quarter. Gabelli Funds LLC now owns 393,405 shares of the industrial products company’s stock worth $9,064,000 after acquiring an additional 62,000 shares during the last quarter. Teton Advisors Inc. boosted its position in Twin Disc by 15.2% during the second quarter. Teton Advisors Inc. now owns 423,354 shares of the industrial products company’s stock worth $10,508,000 after acquiring an additional 55,947 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Twin Disc by 39.2% during the second quarter. Renaissance Technologies LLC now owns 102,700 shares of the industrial products company’s stock worth $2,549,000 after acquiring an additional 28,900 shares during the last quarter. Hedge funds and other institutional investors own 55.13% of the company’s stock.

NASDAQ:TWIN opened at $15.81 on Friday. The company has a current ratio of 2.59, a quick ratio of 1.01 and a debt-to-equity ratio of 0.31. The company has a market cap of $209.79 million, a price-to-earnings ratio of 12.14 and a beta of 1.94. Twin Disc, Incorporated has a fifty-two week low of $15.37 and a fifty-two week high of $31.95.

Twin Disc (NASDAQ:TWIN) last posted its quarterly earnings results on Monday, October 29th. The industrial products company reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.02). The company had revenue of $74.69 million for the quarter, compared to analysts’ expectations of $76.20 million. Twin Disc had a return on equity of 10.45% and a net margin of 3.33%. On average, equities analysts predict that Twin Disc, Incorporated will post 1.64 earnings per share for the current fiscal year.

A number of research firms have weighed in on TWIN. BidaskClub raised shares of Twin Disc from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 8th. Zacks Investment Research raised shares of Twin Disc from a “hold” rating to a “strong-buy” rating and set a $30.00 price target on the stock in a research note on Friday, August 10th. ValuEngine downgraded shares of Twin Disc from a “hold” rating to a “sell” rating in a research note on Tuesday, October 16th. Finally, TheStreet downgraded shares of Twin Disc from a “b” rating to a “c” rating in a research note on Monday, October 29th. Two research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Twin Disc presently has an average rating of “Hold” and an average target price of $29.00.

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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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Institutional Ownership by Quarter for Twin Disc (NASDAQ:TWIN)

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