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

NACCO Industries, Inc. (NYSE:NC) was the recipient of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 26,860 shares, a growth of 27.2% from the February 26th total of 21,111 shares. Based on an average daily volume of 21,524 shares, the short-interest ratio is currently 1.2 days. Currently, 0.6% of the company’s shares are short sold.

Insider Buying and Selling

In other NACCO Industries news, SVP Thomas A. Maxwell sold 1,785 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $48.55, for a total value of $86,661.75. Following the sale, the senior vice president owned 5,944 shares of the company’s stock, valued at $288,581.20. The trade was a 23.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Elizabeth Loveman sold 1,662 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $51.44, for a total value of $85,493.28. Following the transaction, the senior vice president owned 14,999 shares of the company’s stock, valued at approximately $771,548.56. This represents a 9.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 7,500 shares of company stock worth $383,073. 43.03% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Police & Firemen s Retirement System of New Jersey acquired a new stake in NACCO Industries in the 2nd quarter valued at $41,000. Tower Research Capital LLC TRC grew its stake in shares of NACCO Industries by 362.9% in the second quarter. Tower Research Capital LLC TRC now owns 1,583 shares of the company’s stock valued at $70,000 after buying an additional 1,241 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of NACCO Industries by 1,788.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,040 shares of the company’s stock valued at $86,000 after buying an additional 1,932 shares during the period. Los Angeles Capital Management LLC acquired a new position in NACCO Industries during the 4th quarter worth approximately $122,000. Finally, Byrne Asset Management LLC boosted its holdings in NACCO Industries by 120.7% in the 4th quarter. Byrne Asset Management LLC now owns 3,200 shares of the company’s stock worth $157,000 after acquiring an additional 1,750 shares during the period. Hedge funds and other institutional investors own 49.10% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut NACCO Industries from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday, March 5th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, NACCO Industries currently has an average rating of “Hold”.

NACCO Industries Stock Performance

Shares of NACCO Industries stock traded up $0.58 on Monday, hitting $51.88. The stock had a trading volume of 3,247 shares, compared to its average volume of 12,239. The company has a current ratio of 3.09, a quick ratio of 2.17 and a debt-to-equity ratio of 0.21. The stock has a market cap of $390.93 million, a price-to-earnings ratio of 22.26 and a beta of 0.45. The company’s 50 day moving average price is $52.66 and its 200 day moving average price is $48.07. NACCO Industries has a 52-week low of $30.00 and a 52-week high of $59.42.

NACCO Industries (NYSE:NC) last posted its quarterly earnings results on Wednesday, March 4th. The company reported ($0.52) EPS for the quarter. The business had revenue of $66.78 million during the quarter. NACCO Industries had a net margin of 6.34% and a return on equity of 4.19%.

NACCO Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.2525 per share. The ex-dividend date was Monday, March 2nd. This represents a $1.01 dividend on an annualized basis and a dividend yield of 1.9%. NACCO Industries’s payout ratio is 42.80%.

NACCO Industries Company Profile

NACCO Industries, Inc is a Cleveland, Ohio–based diversified holding company with a history spanning more than a century. Through its principal subsidiaries, the company operates in two primary business areas: coal mining and material-handling system design and manufacturing. Originally incorporated in 1913, NACCO has maintained a presence on the New York Stock Exchange under the ticker symbol NC since the 1920s, evolving its portfolio to meet changing market demands while preserving its core expertise in bulk commodities and industrial services.

The North American Coal Corporation, NACCO’s coal mining segment, is among the largest producers of lignite coal in the United States.