A Director at Twin Disc is Exercising Options
Today it was reported that a Director at Twin Disc (NASDAQ: TWIN), David Rayburn, exercised options to buy 1,200 TWIN shares at $10.01 a share, for a total transaction value of $12.01K. The options were close to expired and David Rayburn retained stocks.
This recent transaction increases David Rayburn’s holding in the company by 2.82% to a total of $1 million.
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Based on Twin Disc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $73.77 million and quarterly net profit of $5.81 million. In comparison, last year the company earned revenue of $45.06 million and had a net profit of $3.39 million. TWIN’s market cap is $264.3M and the company has a P/E ratio of 27.86. Currently, Twin Disc has an average volume of 101.9K.
The insider sentiment on Twin Disc has been positive according to 37 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Twin Disc, Inc. engages in manufacturing and sale of marine and off-highway power transmission equipment. It operates through the Manufacturing and Distribution segments.