Short Interest in NACCO Industries, Inc. (NYSE:NC) Expands By 40.4%

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

Institutional Investors Weigh In On NACCO Industries

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

Analyst Ratings Changes

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

NACCO Industries Stock Performance

Shares of NYSE NC traded down $0.81 during mid-day trading on Friday, hitting $33.87. The company had a trading volume of 10,821 shares, compared to its average volume of 14,724. NACCO Industries has a 12 month low of $25.19 and a 12 month high of $34.78. The stock 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 current ratio of 3.76 and a quick ratio of 2.39. The firm’s 50 day simple moving average is $32.45 and its two-hundred day simple moving average is $30.51.

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

NACCO Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.2275 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.91 annualized dividend and a yield of 2.69%. NACCO Industries’s payout ratio is 19.87%.

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.