NACCO Industries, Inc. (NYSE:NC) Short Interest Update

NACCO Industries, Inc. (NYSE:NCGet Rating) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 12,300 shares, a drop of 50.2% from the March 15th total of 24,700 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average trading volume of 21,600 shares, the days-to-cover ratio is presently 0.6 days.

Separately, StockNews.com initiated coverage on NACCO Industries in a report on Thursday, March 31st. They issued a “buy” rating on the stock.

A number of large investors have recently added to or reduced their stakes in the business. FMR LLC raised its position in NACCO Industries by 8.6% in the first quarter. FMR LLC now owns 370,536 shares of the company’s stock valued at $14,162,000 after purchasing an additional 29,200 shares during the period. Magnolia Group LLC increased its position in shares of NACCO Industries by 15.9% during the third quarter. Magnolia Group LLC now owns 224,907 shares of the company’s stock worth $6,711,000 after acquiring an additional 30,893 shares during the last quarter. Geode Capital Management LLC increased its position in shares of NACCO Industries by 9.3% during the third quarter. Geode Capital Management LLC now owns 35,496 shares of the company’s stock worth $1,059,000 after acquiring an additional 3,022 shares during the last quarter. Prescott Group Capital Management L.L.C. purchased a new stake in shares of NACCO Industries during the fourth quarter worth about $1,060,000. Finally, UBS Group AG increased its position in shares of NACCO Industries by 19.7% during the third quarter. UBS Group AG now owns 26,469 shares of the company’s stock worth $790,000 after acquiring an additional 4,358 shares during the last quarter. 34.10% of the stock is currently owned by institutional investors.

NACCO Industries stock traded down $2.00 during midday trading on Friday, reaching $46.50. The stock had a trading volume of 29,198 shares, compared to its average volume of 30,281. NACCO Industries has a twelve month low of $20.75 and a twelve month high of $51.20. The stock has a market capitalization of $333.87 million, a PE ratio of 6.94 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.24 and a current ratio of 4.41. The stock’s 50-day simple moving average is $35.28 and its 200 day simple moving average is $33.46.

NACCO Industries (NYSE:NCGet Rating) last released its quarterly earnings data on Wednesday, March 2nd. The company reported $1.07 EPS for the quarter. NACCO Industries had a return on equity of 14.60% and a net margin of 25.08%. The company had revenue of $49.10 million for the quarter.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15th. Shareholders of record on Monday, March 7th were given a $0.198 dividend. This represents a $0.79 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend was Friday, March 4th. NACCO Industries’s dividend payout ratio (DPR) is presently 11.79%.

NACCO Industries Company Profile (Get Rating)

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 for power generation companies and an activated carbon producer in North Dakota, Texas, Mississippi, and Louisiana in the United States, as well as Navajo Nation in New Mexico.

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