NACCO Industries, Inc. (NYSE:NC) Short Interest Up 31.0% in February

NACCO Industries, Inc. (NYSE:NC) 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. Based on an average daily trading volume, of 10,100 shares, the days-to-cover ratio is currently 2.2 days. Currently, 0.8% of the company’s stock are sold short.

Institutional Trading of NACCO Industries

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its position in 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 during the period. Wells Fargo & Company MN boosted its holdings in shares of NACCO Industries by 18.7% during the fourth quarter. Wells Fargo & Company MN now owns 2,503 shares of the company’s stock valued at $75,000 after acquiring an additional 394 shares during the period. Bank of America Corp DE grew its position in shares of 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 during the last quarter. Barclays PLC increased its holdings in shares of NACCO Industries by 365.4% in the 3rd quarter. Barclays PLC now owns 7,004 shares of the company’s stock worth $199,000 after acquiring an additional 5,499 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of NACCO Industries by 77.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,263 shares of the company’s stock worth $234,000 after acquiring an additional 3,615 shares during the period. 49.10% of the stock is currently owned by institutional investors and hedge funds.

NACCO Industries Stock Performance

NYSE:NC traded up $0.85 during trading hours on Thursday, reaching $33.13. 177 shares of the stock were exchanged, compared to its average volume of 15,008. The stock has a market capitalization of $241.71 million, a P/E ratio of -14.18 and a beta of 0.94. The firm has a 50 day simple moving average of $31.46 and a 200-day simple moving average of $29.74. 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 has a 52 week low of $25.19 and a 52 week high of $34.74.

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

NACCO Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.2275 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.91 dividend on an annualized basis and a yield of 2.75%. NACCO Industries’s payout ratio is currently -39.22%.

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.