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

NACCO Industries, Inc. (NYSE:NC - Get Free Report) was the recipient of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 22,400 shares, an increase of 31.0% from the January 31st total of 17,100 shares. Currently, 0.8% of the company's shares are sold short. Based on an average daily trading volume, of 10,100 shares, the short-interest ratio is presently 2.2 days.

Hedge Funds Weigh In On NACCO Industries

Institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC lifted its holdings in shares of NACCO Industries by 232.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,225 shares of the company's stock valued at $37,000 after purchasing an additional 857 shares in the last quarter. Wells Fargo & Company MN raised its position in NACCO Industries by 18.7% in the 4th quarter. Wells Fargo & Company MN now owns 2,503 shares of the company's stock valued at $75,000 after buying an additional 394 shares during the last quarter. Bank of America Corp DE raised its position in NACCO Industries by 21.7% in the 4th quarter. Bank of America Corp DE now owns 6,504 shares of the company's stock valued at $194,000 after buying an additional 1,158 shares during the last quarter. Barclays PLC raised 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 buying an additional 5,499 shares during the last quarter. Finally, JPMorgan Chase & Co. raised 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 buying an additional 3,615 shares during the last quarter. Institutional investors own 49.10% of the company's stock.

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NACCO Industries Trading Down 0.8 %

NC traded down $0.28 during midday trading on Friday, reaching $33.33. 9,276 shares of the company were exchanged, compared to its average volume of 14,975. NACCO Industries has a one year low of $25.19 and a one year high of $34.74. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.39 and a current ratio of 3.76. The stock has a market capitalization of $243.21 million, a P/E ratio of -14.37 and a beta of 0.94. The stock's 50-day simple moving average is $31.66 and its 200 day simple moving average is $29.81.

NACCO Industries (NYSE:NC - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The company reported $1.02 earnings per share for the quarter. NACCO Industries had a positive return on equity of 8.87% and a negative net margin of 7.94%. The business had revenue of $70.42 million for the quarter.

NACCO Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders 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 dividend yield of 2.73%. The ex-dividend date of this dividend is Monday, March 3rd. NACCO Industries's dividend payout ratio (DPR) is presently -39.22%.

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.