NACCO Industries, Inc. (NYSE:NC) Sees Significant Increase in Short Interest

NACCO Industries, Inc. (NYSE:NC) saw a large increase in short interest during the month of 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. Approximately 1.0% of the shares of the company are short sold. Based on an average daily trading volume, of 10,400 shares, the short-interest ratio is presently 2.7 days.

Analysts Set New Price Targets

Separately, StockNews.com upgraded NACCO Industries from a “hold” rating to a “buy” rating in a research report on Thursday, March 13th.

NACCO Industries Stock Up 1.0 %

Shares of NACCO Industries stock opened at $33.61 on Wednesday. The company has a current ratio of 3.76, a quick ratio of 2.39 and a debt-to-equity ratio of 0.17. The business’s 50 day simple moving average is $32.03 and its 200-day simple moving average is $30.10. The stock has a market capitalization of $249.77 million, a price-to-earnings ratio of -14.49 and a beta of 0.94. NACCO Industries has a twelve month low of $25.19 and a twelve month high of $34.74.

NACCO Industries (NYSE:NC) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $1.02 earnings per share for the quarter. The business had revenue of $70.42 million for 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 business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.2275 per share. This represents a $0.91 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date was Monday, March 3rd. NACCO Industries’s payout ratio is 19.87%.

Institutional Trading of NACCO Industries

Large investors have recently added to or reduced their stakes in the business. Barclays PLC increased its position in NACCO Industries by 365.4% in the 3rd quarter. Barclays PLC now owns 7,004 shares of the company’s stock valued at $199,000 after acquiring an additional 5,499 shares during the period. State Street Corp increased its position in NACCO Industries by 1.0% in the 3rd quarter. State Street Corp now owns 78,276 shares of the company’s stock valued at $2,219,000 after acquiring an additional 763 shares during the period. Empowered Funds LLC increased its position in NACCO Industries by 4.9% in the 4th 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 during the period. JPMorgan Chase & Co. increased its position in 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 acquiring an additional 3,615 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in NACCO Industries by 232.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,225 shares of the company’s stock valued at $37,000 after acquiring an additional 857 shares during the period. 49.10% of the stock is currently owned by institutional investors and hedge funds.

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.