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% |
