NACCO Industries, Inc. (NYSE:NC) Short Interest Update

NACCO Industries, Inc. (NYSE:NC) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 40,000 shares, an increase of 40.4% from the February 28th total of 28,500 shares. Based on an average daily volume of 10,100 shares, the short-interest ratio is presently 4.0 days. Approximately 1.4% of the shares of the company are sold short.

NACCO Industries Stock Performance

NC traded up $0.44 on Tuesday, hitting $34.17. 5,676 shares of the company traded hands, compared to its average volume of 14,654. The company has a 50 day moving average of $32.55 and a 200-day moving average of $30.63. NACCO Industries has a 12-month low of $25.19 and a 12-month high of $34.78. The stock has a market capitalization of $253.95 million, a PE ratio of -14.73 and a beta of 0.95. The company has a quick ratio of 2.39, a current ratio of 3.76 and a debt-to-equity ratio of 0.17.

NACCO Industries (NYSE:NC) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $1.02 earnings per share for the quarter. The firm had revenue of $70.42 million during the quarter. NACCO Industries had a positive return on equity of 8.87% and a negative net margin of 7.94%.

NACCO Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.2275 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.91 dividend on an annualized basis and a dividend yield of 2.66%. NACCO Industries’s dividend payout ratio (DPR) is 19.87%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of NACCO Industries from a “buy” rating to a “hold” rating in a report on Saturday.

Institutional Investors Weigh In On NACCO Industries

Hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its stake in shares of NACCO Industries by 232.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,225 shares of the company’s stock worth $37,000 after buying an additional 857 shares in the last quarter. Wells Fargo & Company MN raised its position in NACCO Industries by 18.7% in the fourth quarter. Wells Fargo & Company MN now owns 2,503 shares of the company’s stock worth $75,000 after acquiring an additional 394 shares in the last quarter. Bank of America Corp DE lifted its holdings in NACCO Industries by 21.7% in the fourth quarter. Bank of America Corp DE now owns 6,504 shares of the company’s stock valued at $194,000 after acquiring an additional 1,158 shares during the period. Barclays PLC boosted its position in shares of NACCO Industries by 365.4% during the 3rd quarter. Barclays PLC now owns 7,004 shares of the company’s stock worth $199,000 after purchasing an additional 5,499 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of NACCO Industries by 77.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,263 shares of the company’s stock worth $234,000 after purchasing an additional 3,615 shares in the last quarter. Institutional investors and hedge funds own 49.10% of the company’s stock.

About NACCO Industries

NACCO Industries, Inc, together with its subsidiaries, engages in the natural resources business. The company operates through three segments: Coal Mining, North American Mining, and Minerals Management. The Coal Mining segment operates surface coal mines under long-term contracts with power generation companies.