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

NACCO Industries, Inc. (NYSE:NC) saw a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 10,600 shares, a drop of 44.2% from the March 15th total of 19,000 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 15,300 shares, the days-to-cover ratio is presently 0.7 days.

NACCO Industries Trading Down 0.3 %

NYSE:NC opened at $29.40 on Thursday. The stock has a market cap of $220.38 million, a price-to-earnings ratio of -5.56 and a beta of 0.81. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.21 and a current ratio of 3.31. NACCO Industries has a 1 year low of $28.50 and a 1 year high of $38.66. The business has a fifty day moving average of $31.99 and a 200-day moving average of $34.23.

NACCO Industries (NYSE:NC) last announced its earnings results on Wednesday, March 6th. The company reported $1.08 earnings per share (EPS) for the quarter. The firm had revenue of $56.76 million during the quarter. NACCO Industries had a negative net margin of 18.43% and a positive return on equity of 2.97%.

NACCO Industries Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were paid a dividend of $0.2175 per share. The ex-dividend date was Friday, March 1st. This represents a $0.87 dividend on an annualized basis and a dividend yield of 2.96%. NACCO Industries’s dividend payout ratio is presently -16.45%.

Wall Street Analysts Forecast Growth

Separately, TheStreet downgraded NACCO Industries from a “b-” rating to a “c+” rating in a research report on Thursday, March 7th.

Insider Buying and Selling at NACCO Industries

In other news, SVP Thomas A. Maxwell sold 866 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $29.64, for a total transaction of $25,668.24. Following the completion of the transaction, the senior vice president now owns 8,834 shares in the company, valued at $261,839.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 40.31% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NACCO Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in shares of NACCO Industries by 34.0% during the 1st quarter. JPMorgan Chase & Co. now owns 1,005 shares of the company’s stock valued at $40,000 after purchasing an additional 255 shares during the period. Bank of New York Mellon Corp lifted its position in shares of NACCO Industries by 4.7% in the 1st quarter. Bank of New York Mellon Corp now owns 30,462 shares of the company’s stock valued at $1,194,000 after acquiring an additional 1,366 shares in the last quarter. American Century Companies Inc. grew its position in NACCO Industries by 29.4% during the 1st quarter. American Century Companies Inc. now owns 17,575 shares of the company’s stock worth $689,000 after purchasing an additional 3,996 shares in the last quarter. Citigroup Inc. purchased a new position in NACCO Industries during the 1st quarter worth approximately $148,000. Finally, Acadian Asset Management LLC grew its holdings in shares of NACCO Industries by 703.1% during the 1st quarter. Acadian Asset Management LLC now owns 11,107 shares of the company’s stock valued at $434,000 after acquiring an additional 9,724 shares in the last quarter. Institutional investors own 49.10% of the company’s stock.

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.