Short Interest in NACCO Industries, Inc. (NYSE:NC) Expands By 31.0%

NACCO Industries, Inc. (NYSE:NC) was the recipient of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 22,400 shares, a growth of 31.0% from the January 31st total of 17,100 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 10,100 shares, the short-interest ratio is currently 2.2 days.

NACCO Industries Trading Up 2.6 %

NYSE NC traded up $0.83 on Tuesday, hitting $32.94. 10,102 shares of the stock were exchanged, compared to its average volume of 15,061. The company’s 50-day moving average price is $31.29 and its two-hundred day moving average price is $29.68. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.76 and a quick ratio of 2.39. NACCO Industries has a 52-week low of $25.19 and a 52-week high of $34.74. The company has a market capitalization of $240.33 million, a price-to-earnings ratio of -14.20 and a beta of 0.94.

NACCO Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.2275 per share. This represents a $0.91 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend is Monday, March 3rd. NACCO Industries’s payout ratio is -39.22%.

Institutional Investors Weigh In On NACCO Industries

A number of institutional investors have recently bought and sold shares of the business. Barclays PLC lifted its position 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 purchasing an additional 5,499 shares in the last quarter. State Street Corp increased its stake in NACCO Industries by 1.0% in the 3rd quarter. State Street Corp now owns 78,276 shares of the company’s stock valued at $2,219,000 after buying an additional 763 shares during the period. Empowered Funds LLC lifted its position in NACCO Industries by 4.9% in the 4th quarter. Empowered Funds LLC now owns 36,444 shares of the company’s stock worth $1,087,000 after buying an additional 1,716 shares in the last quarter. JPMorgan Chase & Co. boosted its stake 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 during the period. Finally, Tower Research Capital LLC TRC grew 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 acquiring an additional 857 shares in the last quarter. 49.10% of the stock is currently owned by institutional investors and hedge funds.

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.