Perritt Capital Management Inc. increased its position in shares of Twin Disc, Incorporated (NASDAQ:TWIN) by 4.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 48,900 shares of the industrial products company’s stock after acquiring an additional 2,000 shares during the quarter. Perritt Capital Management Inc.’s holdings in Twin Disc were worth $738,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Pacific Ridge Capital Partners LLC grew its holdings in shares of Twin Disc by 12.3% in the second quarter. Pacific Ridge Capital Partners LLC now owns 412,629 shares of the industrial products company’s stock valued at $6,231,000 after purchasing an additional 45,045 shares during the period. Skylands Capital LLC increased its position in Twin Disc by 31.5% during the second quarter. Skylands Capital LLC now owns 101,938 shares of the industrial products company’s stock worth $1,539,000 after purchasing an additional 24,438 shares during the last quarter. California Public Employees Retirement System raised its stake in Twin Disc by 115.9% during the first quarter. California Public Employees Retirement System now owns 92,946 shares of the industrial products company’s stock worth $1,548,000 after purchasing an additional 49,900 shares during the period. Dimensional Fund Advisors LP raised its stake in Twin Disc by 6.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 651,878 shares of the industrial products company’s stock worth $9,615,000 after purchasing an additional 36,891 shares during the period. Finally, Teton Advisors Inc. boosted its holdings in Twin Disc by 9.5% in the 2nd quarter. Teton Advisors Inc. now owns 528,554 shares of the industrial products company’s stock valued at $7,981,000 after purchasing an additional 46,000 shares during the last quarter. 56.36% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently weighed in on TWIN. Zacks Investment Research cut shares of Twin Disc from a “hold” rating to a “strong sell” rating in a research note on Saturday, August 3rd. Robert W. Baird set a $14.00 price target on shares of Twin Disc and gave the company a “hold” rating in a research report on Monday, August 12th. TheStreet cut Twin Disc from a “b-” rating to a “c+” rating in a report on Tuesday, June 11th. Finally, ValuEngine lowered Twin Disc from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $17.33.

Shares of NASDAQ TWIN traded up $1.26 during mid-day trading on Wednesday, reaching $11.51. 1,369 shares of the company’s stock were exchanged, compared to its average volume of 38,844. The company’s 50-day moving average is $10.91 and its 200-day moving average is $14.51. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.05 and a current ratio of 2.77. The firm has a market capitalization of $139.43 million, a price-to-earnings ratio of 13.14 and a beta of 2.01. Twin Disc, Incorporated has a 52-week low of $9.60 and a 52-week high of $26.91.

Twin Disc (NASDAQ:TWIN) last issued its quarterly earnings data on Friday, August 9th. The industrial products company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.20). Twin Disc had a net margin of 4.07% and a return on equity of 6.75%. The company had revenue of $72.45 million during the quarter, compared to analysts’ expectations of $72.85 million. As a group, equities analysts predict that Twin Disc, Incorporated will post 0.19 earnings per share for the current fiscal year.

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

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