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

NACCO Industries, Inc. (NYSE:NC - Get Free Report) was the recipient of 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. Currently, 1.0% of the shares of the company are short sold. Based on an average trading volume of 10,400 shares, the days-to-cover ratio is currently 2.7 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Empowered Funds LLC raised its holdings in NACCO Industries by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 34,728 shares of the company's stock worth $985,000 after purchasing an additional 1,742 shares during the period. State Street Corp raised its stake in shares of NACCO Industries by 1.0% in the third quarter. State Street Corp now owns 78,276 shares of the company's stock worth $2,219,000 after buying an additional 763 shares during the period. Barclays PLC raised its stake in shares of NACCO Industries by 365.4% in the third quarter. Barclays PLC now owns 7,004 shares of the company's stock worth $199,000 after buying an additional 5,499 shares during the period. JPMorgan Chase & Co. lifted its position in shares of NACCO Industries by 77.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,263 shares of the company's stock valued at $234,000 after buying an additional 3,615 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of NACCO Industries by 2.3% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,079 shares of the company's stock valued at $569,000 after acquiring an additional 424 shares during the period. Hedge funds and other institutional investors own 49.10% of the company's stock.

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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, March 13th.

NACCO Industries Stock Performance

NACCO Industries stock traded up $0.01 during mid-day trading on Friday, reaching $34.01. 26,053 shares of the stock traded hands, compared to its average volume of 14,462. NACCO Industries has a 12-month low of $25.19 and a 12-month high of $34.78. The business's 50-day moving average is $32.13 and its 200-day moving average is $30.15. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.76 and a quick ratio of 2.39. The stock has a market capitalization of $252.76 million, a PE ratio of -14.66 and a beta of 0.94.

NACCO Industries (NYSE:NC - Get Free Report) last released its quarterly 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 firm had revenue of $70.42 million during the quarter.

NACCO Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.2275 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.91 annualized dividend and a yield of 2.68%. NACCO Industries's payout ratio is presently 19.87%.

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.