SevenBridge Financial Group LLC bought a new position in shares of Twin Disc, Incorporated (NASDAQ:TWIN) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 4,675 shares of the industrial products company’s stock, valued at approximately $108,000.
A number of other hedge funds have also bought and sold shares of the business. Gabelli Funds LLC raised its stake in shares of Twin Disc by 18.7% in the 3rd quarter. Gabelli Funds LLC now owns 393,405 shares of the industrial products company’s stock valued at $9,064,000 after purchasing an additional 62,000 shares during the period. BlackRock Inc. raised its stake in shares of Twin Disc by 4.1% in the 2nd quarter. BlackRock Inc. now owns 594,020 shares of the industrial products company’s stock valued at $14,744,000 after purchasing an additional 23,434 shares during the period. Monashee Investment Management LLC acquired a new stake in shares of Twin Disc in the 3rd quarter valued at about $1,728,000. D.C. Capital Advisors Ltd acquired a new stake in shares of Twin Disc in the 3rd quarter valued at about $2,304,000. Finally, Gamco Investors INC. ET AL increased its position in shares of Twin Disc by 9.7% in the third quarter. Gamco Investors INC. ET AL now owns 1,597,672 shares of the industrial products company’s stock valued at $36,810,000 after acquiring an additional 141,901 shares during the last quarter. Hedge funds and other institutional investors own 55.13% of the company’s stock.
A number of analysts recently issued reports on the company. Zacks Investment Research raised Twin Disc from a “sell” rating to a “hold” rating in a research report on Tuesday. ValuEngine downgraded Twin Disc from a “sell” rating to a “strong sell” rating in a research report on Tuesday, November 6th. TheStreet downgraded Twin Disc from a “b” rating to a “c” rating in a research report on Monday, October 29th. Finally, BidaskClub raised Twin Disc from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 30th. Two analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $29.00.
NASDAQ TWIN traded down $0.16 during trading on Thursday, reaching $16.10. 3,044 shares of the company’s stock were exchanged, compared to its average volume of 28,099. The company has a market cap of $212.80 million, a PE ratio of 11.67 and a beta of 1.94. The company has a quick ratio of 1.01, a current ratio of 2.59 and a debt-to-equity ratio of 0.31. Twin Disc, Incorporated has a fifty-two week low of $16.18 and a fifty-two week high of $31.95.
Twin Disc (NASDAQ:TWIN) last announced its quarterly earnings results on Monday, October 29th. The industrial products company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). The business had revenue of $74.69 million for the quarter, compared to analyst estimates of $76.20 million. Twin Disc had a return on equity of 10.45% and a net margin of 3.33%. As a group, research analysts anticipate that Twin Disc, Incorporated will post 1.64 EPS for the current fiscal year.
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About Twin Disc
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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