Twin Disc Inc (TWIN): Billionaire Mario Gabelli’s GAMCO Investors Adds To Its Stake

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An amended 13D filing with the Securities and Exchange Commission showed that billionaire Mario Gabelli‘s GAMCO Investors and its affiliates hold 1.73 million common shares of Twin Disc Inc (NASDAQ:TWIN), which account for 15.23% of the company’s outstanding stock. Out of that aggregate amount, GAMCO solely owns 1.11 million shares that amass 9.77% of the shares outstanding, which indicates an increase in GAMCO’s sole ownership stake, as the fund previously held 1.08 million shares according to its 13F filing for the end of June.

Twin Disc is a company that produces power transmission equipment for a variety of uses, such as for off-road vehicles, and industrial and marine applications, and operates in two sectors: distribution and manufacturing. Year-to-date, the company’s stock is down by 0.95%. For the third quarter of its fiscal year 2016, Twin Disc reported revenue of $41.43 million and a loss per share of $0.09, compared to revenue of $60.94 million and earnings per share of $0.26 for the same quarter of the previous year.



Aside from GAMCO Investors, smart money managers from Insider Monkey’s database that were bullish on Twin Disc (NASDAQ:TWIN) as of June 30 include Jim Simons’ Renaissance Technologies, which initiated a brand new position during the second quarter worth almost $1.2 million, Benjamin A. Smith’s Laurion Capital Management, which had $272,000 invested in the company, and Chuck Royce’s Royce & Associates.

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You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Gabelli Funds 311,000 311,000 311,000 2.74%
GAMCO Asset Management, Inc. I.D. No. 13-40445 1,020,526 1,108,526 1,108,526 9.77%
Teton Advisors, Inc. I.D. No. 13-4008049 299,000 299,000 299,000 2.63%
Gabelli Securities, Inc. I.D. No. 13-3379374 700 700 700 0.01%
GGCP, Inc. I.D. No. 13-3056041 0.00%
Associated Capital Group, Inc. I.D. No. 47-3965991 Check the appropriate box if a member of a group (SEE INSTRUCTIONS) (a) (b) 9,750 9,750 9,750 0.09%
GAMCO Investors, Inc. I.D. No. 13-400786 0.00%
Mario J. Gabelli 0.00%

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Page 1 of 17 – SEC Filing

Washington, D.C. 20549
Under the Securities Exchange Act of 1934 (Amendment No. 10)
Twin Disc, Incorporated
(Name of Issuer)
Common Stock
(Title of Class of Securities)
(CUSIP Number)
David Goldman
GAMCO Investors, Inc.
One Corporate Center
Rye, New York 10580-1435
(914) 921-5000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
______________________August 12, 2016________________________
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box  .
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