4,675 Shares in Twin Disc, Incorporated (TWIN) Acquired by SevenBridge Financial Group LLC

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.

ILLEGAL ACTIVITY NOTICE: “4,675 Shares in Twin Disc, Incorporated (TWIN) Acquired by SevenBridge Financial Group LLC” was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US & international copyright legislation. The legal version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/12/06/4675-shares-in-twin-disc-incorporated-twin-acquired-by-sevenbridge-financial-group-llc.html.

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.

Recommended Story: What is the Consumer Price Index (CPI)?

Want to see what other hedge funds are holding TWIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Twin Disc, Incorporated (NASDAQ:TWIN).

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

Receive News & Ratings for Twin Disc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twin Disc and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply