Twin Disc, Incorporated (NASDAQ:TWIN) Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Twin Disc, Incorporated (NASDAQ:TWIN) by 36.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,894 shares of the industrial products company’s stock after purchasing an additional 14,091 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Twin Disc were worth $661,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TWIN. Rhumbline Advisers increased its position in Twin Disc by 1,037.8% during the second quarter. Rhumbline Advisers now owns 13,654 shares of the industrial products company’s stock worth $161,000 after buying an additional 12,454 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Twin Disc during the second quarter valued at $184,000. Acadian Asset Management LLC increased its position in Twin Disc by 62.0% during the 2nd quarter. Acadian Asset Management LLC now owns 101,656 shares of the industrial products company’s stock worth $1,195,000 after purchasing an additional 38,915 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Twin Disc by 44.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 102,281 shares of the industrial products company’s stock valued at $1,205,000 after purchasing an additional 31,378 shares during the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new position in Twin Disc in the 3rd quarter valued at about $1,384,000. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Twin Disc from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 22nd.

Twin Disc Price Performance

Shares of NASDAQ:TWIN opened at $12.63 on Friday. The company has a market cap of $178.08 million, a P/E ratio of 18.85 and a beta of 0.61. The business has a fifty day simple moving average of $12.00 and a 200-day simple moving average of $12.66. Twin Disc, Incorporated has a 52 week low of $10.83 and a 52 week high of $18.00. The company has a quick ratio of 0.84, a current ratio of 2.23 and a debt-to-equity ratio of 0.27.

Twin Disc Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Monday, November 18th. Twin Disc’s dividend payout ratio (DPR) is 23.88%.

Twin Disc 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.