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

NACCO Industries, Inc. (NYSE:NC) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 28,500 shares, a growth of 27.2% from the February 13th total of 22,400 shares. Approximately 1.0% of the company’s stock are short sold. Based on an average daily trading volume, of 10,400 shares, the days-to-cover ratio is presently 2.7 days.

NACCO Industries Stock Down 0.3 %

NC traded down $0.10 during trading hours on Monday, hitting $33.14. 5,674 shares of the company’s stock were exchanged, compared to its average volume of 14,537. NACCO Industries has a 1-year low of $25.19 and a 1-year high of $34.74. The stock’s 50-day moving average is $31.97 and its two-hundred day moving average is $30.06. The stock has a market cap of $241.79 million, a price-to-earnings ratio of -14.28 and a beta of 0.95. The company has a quick ratio of 2.39, a current ratio of 3.76 and a debt-to-equity ratio of 0.17.

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

NACCO Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors 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 payout ratio is 19.87%.

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 Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC raised its position 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 worth $37,000 after acquiring an additional 857 shares in the last quarter. Wells Fargo & Company MN raised its position in NACCO Industries by 18.7% during the fourth quarter. Wells Fargo & Company MN now owns 2,503 shares of the company’s stock worth $75,000 after acquiring an additional 394 shares in the last quarter. Bank of America Corp DE raised its position 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 worth $194,000 after acquiring an additional 1,158 shares in the last quarter. Barclays PLC raised its position in NACCO Industries by 365.4% during the third quarter. Barclays PLC now owns 7,004 shares of the company’s stock worth $199,000 after acquiring an additional 5,499 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in NACCO Industries by 77.8% during the third quarter. JPMorgan Chase & Co. now owns 8,263 shares of the company’s stock worth $234,000 after acquiring an additional 3,615 shares in the last quarter. Institutional investors and hedge funds 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.