In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Twin Disc Inc. (NASDAQ:TWIN) reported that GAMCO Investors has picked up 316,780 of common stock as of 2017-06-30.
The acquisition brings the aggregate amount owned by GAMCO Investors to a total of 316,780 representing a 2.75% stake in the company.
For those not familiar with the company, 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. Its industrial products include clutches and pump drives sold to the agriculture, recycling, construction, and oil and gas markets. Its land-based transmission products include applications for oilfield and natural gas, military, and airport rescue and firefighting. Its marine and propulsion systems include marine transmission, controls, surface drives, propellers and boat management systems for the commercial, pleasure craft and patrol boat markets. Its other products include non-Company manufactured product sold through Company-owned distribution entities.
A glance at Twin Disc Inc. (NASDAQ:TWIN) key stats reveals a current market capitalization of $189.32 Million based on $11.52 Million shares outstanding and a price at last close of $16.14 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-02-09, Doar picked up 2,500 at a purchase price of $9.04. This brings their total holding to 26,754 as of the date of the filing.
On the sell side, the most recent transaction saw Giesselman unload 5,886 shares at a sale price of $17.99. This brings their total holding to 6,027.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an Twin Disc Inc. (NASDAQ:TWIN) as things move forward to see if its progress aligns with these transactions.
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