NACCO Industries, Inc. (NYSE:NC) Short Interest Down 18.6% in July

NACCO Industries, Inc. (NYSE:NC) saw a large decline in short interest in July. As of July 15th, there was short interest totalling 19,700 shares, a decline of 18.6% from the June 30th total of 24,200 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average trading volume of 16,800 shares, the days-to-cover ratio is presently 1.2 days.

NACCO Industries Stock Down 0.0 %

NYSE:NC traded down $0.01 on Tuesday, hitting $29.88. The stock had a trading volume of 21,260 shares, compared to its average volume of 16,082. The company has a market cap of $222.61 million, a PE ratio of -5.49 and a beta of 0.98. NACCO Industries has a 52 week low of $27.26 and a 52 week high of $38.66. The business’s fifty day moving average is $30.91 and its 200 day moving average is $31.66. The company has a quick ratio of 2.14, a current ratio of 3.33 and a debt-to-equity ratio of 0.07.

NACCO Industries (NYSE:NC) last issued its earnings results on Wednesday, May 1st. The company reported $0.61 earnings per share (EPS) for the quarter. The company had revenue of $53.29 million for the quarter. NACCO Industries had a positive return on equity of 2.79% and a negative net margin of 18.68%.

NACCO Industries Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Friday, May 31st were given a dividend of $0.2275 per share. This represents a $0.91 annualized dividend and a dividend yield of 3.05%. The ex-dividend date was Friday, May 31st. NACCO Industries’s payout ratio is presently -16.73%.

Insider Activity

In related news, SVP Thomas A. Maxwell sold 1,034 shares of the stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $32.03, for a total transaction of $33,119.02. Following the transaction, the senior vice president now directly owns 7,800 shares of the company’s stock, valued at $249,834. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 41.26% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On NACCO Industries

Several large investors have recently added to or reduced their stakes in NC. BNP Paribas Financial Markets raised its holdings in shares of NACCO Industries by 73.5% in the first quarter. BNP Paribas Financial Markets now owns 2,079 shares of the company’s stock valued at $63,000 after purchasing an additional 881 shares during the last quarter. Empowered Funds LLC increased its stake in NACCO Industries by 8.0% in the 1st quarter. Empowered Funds LLC now owns 30,646 shares of the company’s stock valued at $926,000 after buying an additional 2,275 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in NACCO Industries by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 210,072 shares of the company’s stock valued at $6,344,000 after buying an additional 1,561 shares during the last quarter. Institutional investors own 49.10% of the company’s stock.

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.