Y Intercept Hong Kong Ltd Acquires New Position in Twin Disc, Incorporated $TWIN

Y Intercept Hong Kong Ltd bought a new position in Twin Disc, Incorporated (NASDAQ:TWIN) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 47,549 shares of the industrial products company’s stock, valued at approximately $420,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Peapod Lane Capital LLC purchased a new stake in shares of Twin Disc in the second quarter valued at approximately $1,202,000. IFP Advisors Inc purchased a new position in Twin Disc during the first quarter worth approximately $805,000. Gamco Investors INC. ET AL boosted its stake in Twin Disc by 2.7% during the first quarter. Gamco Investors INC. ET AL now owns 1,673,799 shares of the industrial products company’s stock worth $12,671,000 after buying an additional 43,647 shares during the last quarter. US Bancorp DE acquired a new position in Twin Disc during the first quarter worth $307,000. Finally, Grace & White Inc. NY grew its holdings in Twin Disc by 5.7% in the 2nd quarter. Grace & White Inc. NY now owns 284,529 shares of the industrial products company’s stock valued at $2,512,000 after buying an additional 15,282 shares in the last quarter. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Twin Disc in a report on Wednesday, October 8th. Wall Street Zen cut shares of Twin Disc from a “buy” rating to a “hold” rating in a research report on Saturday. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $12.00.

Twin Disc Stock Up 5.7%

Shares of NASDAQ:TWIN opened at $16.98 on Friday. The business has a 50-day moving average price of $14.42 and a 200 day moving average price of $10.52. The company has a market capitalization of $244.34 million, a price-to-earnings ratio of -121.28 and a beta of 0.81. Twin Disc, Incorporated has a 12-month low of $6.16 and a 12-month high of $17.08. The company has a current ratio of 1.96, a quick ratio of 0.75 and a debt-to-equity ratio of 0.17.

Twin Disc (NASDAQ:TWIN) last posted its quarterly earnings data on Wednesday, November 5th. The industrial products company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.06). Twin Disc had a negative return on equity of 1.22% and a negative net margin of 0.56%.The company had revenue of $80.00 million for the quarter, compared to analysts’ expectations of $98.60 million.

Twin Disc Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.9%. Twin Disc’s payout ratio is presently -114.29%.

Twin Disc Company Profile

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.