NACCO Industries, Inc. (NYSE:NC) Sees Large Growth in Short Interest

NACCO Industries, Inc. (NYSE:NC) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 28,500 shares, an increase of 27.2% from the February 13th total of 22,400 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average daily volume of 10,400 shares, the short-interest ratio is presently 2.7 days.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On NACCO Industries

Institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC lifted its holdings 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 purchasing an additional 857 shares during the last quarter. Wells Fargo & Company MN lifted its holdings 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 lifted its holdings in NACCO Industries by 21.7% during the fourth quarter. Bank of America Corp DE now owns 6,504 shares of the company’s stock valued at $194,000 after purchasing an additional 1,158 shares during the last quarter. Barclays PLC lifted its holdings in 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. lifted its holdings in NACCO Industries by 77.8% during the third 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 last quarter. 49.10% of the stock is owned by hedge funds and other institutional investors.

NACCO Industries Stock Down 0.3 %

NC traded down $0.10 during mid-day trading on Monday, reaching $33.14. 5,674 shares of the stock were exchanged, compared to its average volume of 14,537. The company has a 50 day moving average price of $31.97 and a two-hundred day moving average price of $30.06. 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 stock has a market capitalization of $241.79 million, a PE ratio of -14.28 and a beta of 0.95. NACCO Industries has a 1 year low of $25.19 and a 1 year high of $34.74.

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 company had revenue of $70.42 million for the quarter. NACCO Industries had a negative net margin of 7.94% and a positive return on equity of 8.87%.

NACCO Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.2275 per share. This represents a $0.91 annualized dividend and a yield of 2.75%. The ex-dividend date is Monday, March 3rd. NACCO Industries’s dividend payout ratio (DPR) is presently 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.