Pacific Ridge Capital Partners LLC Increases Stake in Twin Disc, Incorporated (NASDAQ:TWIN)

Pacific Ridge Capital Partners LLC increased its stake in Twin Disc, Incorporated (NASDAQ:TWIN) by 16.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 565,277 shares of the industrial products company’s stock after acquiring an additional 78,378 shares during the period. Twin Disc makes up about 1.5% of Pacific Ridge Capital Partners LLC’s holdings, making the stock its 25th largest holding. Pacific Ridge Capital Partners LLC’s holdings in Twin Disc were worth $6,642,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TWIN. MetLife Investment Management LLC raised its position in Twin Disc by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 6,685 shares of the industrial products company’s stock valued at $83,000 after purchasing an additional 3,767 shares in the last quarter. Barclays PLC increased its stake in shares of Twin Disc by 280.7% during the third quarter. Barclays PLC now owns 14,863 shares of the industrial products company’s stock worth $186,000 after buying an additional 10,959 shares during the period. BNP Paribas Financial Markets raised its holdings in 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 in the last quarter. Empowered Funds LLC lifted its stake in Twin Disc by 26.0% in the fourth quarter. Empowered Funds LLC now owns 17,427 shares of the industrial products company’s stock worth $205,000 after acquiring an additional 3,596 shares during the last quarter. Finally, Skylands Capital LLC lifted its stake in Twin Disc by 110.0% in the fourth quarter. Skylands Capital LLC now owns 27,300 shares of the industrial products company’s stock worth $321,000 after acquiring an additional 14,300 shares during the last quarter. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Twin Disc from a “strong-buy” rating to a “buy” rating in a report on Wednesday.

Twin Disc Stock Down 2.0 %

Shares of NASDAQ TWIN opened at $8.20 on Thursday. The business has a 50-day moving average of $9.57 and a two-hundred day moving average of $11.12. The company has a market capitalization of $116.00 million, a price-to-earnings ratio of 12.24 and a beta of 0.58. Twin Disc, Incorporated has a 1 year low of $7.35 and a 1 year high of $18.00. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.11 and a quick ratio of 0.86.

Twin Disc (NASDAQ:TWIN) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $0.07 earnings per share for the quarter. Twin Disc had a return on equity of 4.24% and a net margin of 2.92%.

Twin Disc Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend was Friday, February 14th. Twin Disc’s dividend payout ratio (DPR) is 23.88%.

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.