Twin Disc, Incorporated (TWIN) Stake Decreased by Morgan Dempsey Capital Management LLC
Morgan Dempsey Capital Management LLC reduced its position in Twin Disc, Incorporated (NASDAQ:TWIN) by 2.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,383 shares of the industrial products company’s stock after selling 2,747 shares during the period. Morgan Dempsey Capital Management LLC’s holdings in Twin Disc, were worth $1,685,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of TWIN. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of Twin Disc, during the first quarter worth about $201,000. Segantii Capital Management Ltd increased its position in shares of Twin Disc, by 570.0% in the first quarter. Segantii Capital Management Ltd now owns 13,400 shares of the industrial products company’s stock worth $276,000 after buying an additional 11,400 shares during the period. Laurion Capital Management LP purchased a new position in shares of Twin Disc, during the first quarter worth about $352,000. Schwab Charles Investment Management Inc. purchased a new position in shares of Twin Disc, during the first quarter worth about $369,000. Finally, EAM Investors LLC purchased a new position in shares of Twin Disc, during the first quarter worth about $613,000. Hedge funds and other institutional investors own 44.51% of the company’s stock.
Shares of Twin Disc, Incorporated (NASDAQ:TWIN) opened at 17.47 on Wednesday. The stock has a 50 day moving average of $16.77 and a 200 day moving average of $18.04. The company’s market cap is $201.24 million. Twin Disc, Incorporated has a 1-year low of $9.89 and a 1-year high of $21.75.
Twin Disc, (NASDAQ:TWIN) last announced its quarterly earnings results on Friday, August 4th. The industrial products company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.08. Twin Disc, had a negative return on equity of 5.15% and a negative net margin of 3.74%. The company had revenue of $53.59 million during the quarter, compared to analyst estimates of $49.65 million. During the same quarter last year, the firm posted ($0.01) earnings per share. The firm’s revenue was up 25.7% on a year-over-year basis. Analysts predict that Twin Disc, Incorporated will post ($0.05) EPS for the current year.
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A number of research analysts have recently issued reports on TWIN shares. Zacks Investment Research upgraded shares of Twin Disc, from a “sell” rating to a “hold” rating in a research report on Saturday. Seaport Global Securities lowered shares of Twin Disc, from a “buy” rating to a “neutral” rating and set a $24.00 price objective for the company. in a research note on Wednesday, June 21st.
In related news, Director Janet Plaut Giesselman sold 5,886 shares of the firm’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $17.99, for a total value of $105,889.14. Following the completion of the sale, the director now owns 6,027 shares of the company’s stock, valued at $108,425.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Dean Bratel sold 5,000 shares of the firm’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $19.72, for a total value of $98,600.00. Following the completion of the sale, the vice president now directly owns 39,229 shares of the company’s stock, valued at approximately $773,595.88. The disclosure for this sale can be found here. Company insiders own 26.80% of the company’s stock.
Twin Disc, Company Profile
Twin Disc, Incorporated designs, manufactures and sells marine and heavy duty off-highway power transmission equipment. The Company operates through two segments: manufacturing and distribution. Its products include marine transmissions, surface drives, propellers and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches and controls systems.
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