NACCO Industries, Inc. (NYSE:NC) Short Interest Down 20.3% in April

NACCO Industries, Inc. (NYSE:NC) saw a significant drop in short interest in April. As of April 15th, there was short interest totaling 24,915 shares, a drop of 20.3% from the March 31st total of 31,272 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 9,899 shares, the short-interest ratio is currently 2.5 days.

NACCO Industries Price Performance

Shares of NACCO Industries stock traded down $0.69 during midday trading on Thursday, reaching $48.19. The company had a trading volume of 9,491 shares, compared to its average volume of 8,500. 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 company has a market capitalization of $362.83 million, a price-to-earnings ratio of 20.42 and a beta of 0.50. The stock has a fifty day simple moving average of $51.58 and a 200 day simple moving average of $49.37. NACCO Industries has a 1-year low of $32.16 and a 1-year high of $59.42.

NACCO Industries (NYSE:NC) last issued its quarterly earnings results on Wednesday, March 4th. The company reported ($0.52) earnings per share for the quarter. The company 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 business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were issued a $0.2525 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $1.01 dividend on an annualized basis and a dividend yield of 2.1%. NACCO Industries’s dividend payout ratio (DPR) is currently 42.80%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered NACCO Industries from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, NACCO Industries has an average rating of “Hold”.

Insider Activity at NACCO Industries

In other news, SVP Elizabeth Loveman sold 1,662 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $51.44, for a total transaction of $85,493.28. Following the completion of the sale, the senior vice president owned 14,999 shares of the company’s stock, valued at approximately $771,548.56. This trade represents a 9.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Thomas A. Maxwell sold 1,785 shares of the firm’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 transaction of $86,661.75. Following the sale, the senior vice president directly owned 5,944 shares of the company’s stock, valued at approximately $288,581.20. The trade was a 23.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 7,500 shares of company stock valued at $383,073. Company insiders own 44.76% of the company’s stock.

Institutional Trading of NACCO Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in NACCO Industries by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 95,345 shares of the company’s stock worth $4,677,000 after purchasing an additional 2,507 shares during the period. Bridgeway Capital Management LLC increased its position in NACCO Industries by 2.3% in the third quarter. Bridgeway Capital Management LLC now owns 76,959 shares of the company’s stock worth $3,245,000 after purchasing an additional 1,722 shares during the period. PNC Financial Services Group Inc. increased its position in NACCO Industries by 1.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 47,809 shares of the company’s stock worth $2,345,000 after purchasing an additional 785 shares during the period. Empowered Funds LLC increased its position in NACCO Industries by 6.9% in the first quarter. Empowered Funds LLC now owns 38,972 shares of the company’s stock worth $1,315,000 after purchasing an additional 2,528 shares during the period. Finally, Saber Capital Managment LLC acquired a new stake in NACCO Industries during the 4th quarter worth $1,121,000. 49.10% of the stock is currently owned by institutional investors and hedge funds.

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.