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

NACCO Industries, Inc. (NYSE:NC) was the recipient of a large increase in short interest in 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. Currently, 1.4% of the company’s shares are sold short. Based on an average daily volume of 10,100 shares, the days-to-cover ratio is currently 4.0 days.

Institutional Trading of NACCO Industries

Hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC grew its stake in NACCO Industries by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 86,635 shares of the company’s stock valued at $2,584,000 after purchasing an additional 783 shares in the last quarter. State Street Corp grew its position in shares of NACCO Industries by 1.0% during the third quarter. State Street Corp now owns 78,276 shares of the company’s stock worth $2,219,000 after buying an additional 763 shares in the last quarter. Empowered Funds LLC raised its holdings in NACCO Industries by 4.9% in the fourth quarter. Empowered Funds LLC now owns 36,444 shares of the company’s stock valued at $1,087,000 after acquiring an additional 1,716 shares in the last quarter. Two Sigma Advisers LP boosted its stake in NACCO Industries by 3.4% during the 4th quarter. Two Sigma Advisers LP now owns 21,316 shares of the company’s stock valued at $636,000 after acquiring an additional 700 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in NACCO Industries by 2.3% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,079 shares of the company’s stock valued at $569,000 after acquiring an additional 424 shares during the last quarter. 49.10% of the stock is owned by hedge funds and other institutional investors.

NACCO Industries Stock Down 2.3 %

NACCO Industries stock traded down $0.81 during trading on Friday, reaching $33.87. 10,821 shares of the company’s stock were exchanged, compared to its average volume of 14,724. NACCO Industries has a 52-week low of $25.19 and a 52-week high of $34.78. The firm has a market cap of $251.68 million, a price-to-earnings ratio of -14.60 and a beta of 0.95. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.39 and a current ratio of 3.76. The company’s 50-day moving average is $32.45 and its two-hundred day moving average is $30.51.

NACCO Industries (NYSE:NC) last posted its earnings results on Wednesday, March 5th. The company reported $1.02 earnings per share (EPS) for the quarter. The business 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. Investors of record on Monday, March 3rd were paid a dividend of $0.2275 per share. This represents a $0.91 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend was Monday, March 3rd. NACCO Industries’s dividend payout ratio (DPR) is 19.87%.

Analysts Set New Price Targets

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

NACCO Industries Company Profile

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.